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New Oriental is a leading private education provider in China. K-9 academic after-school tutoring used to account for 50%-60% of New Oriental's revenue before the regulatory crackdown in 2021. After terminating its K-9 academic after-school tutoring business, New Oriental has identified a few new initiatives such as nonacademic tutoring and intelligent learning systems and devices. The remaining businesses include high school academic after-school tutoring and overseas-related test preparation and consulting business. It also owns 55% of East Buy (HKG: 01797), a market leader in livestreaming e-commerce.
New Oriental Education & Technology Group Sponsored ADR Representing 10 Ordinary Share (Cayman Islands) trades on the NYSE stock market under the symbol EDU.
As of April 25, 2024, EDU stock price climbed to $79.96 with 1,451,824 million shares trading.
EDU has a beta of 1.03, meaning it tends to be more sensitive to market movements. EDU has a correlation of 0.07 to the broad based SPY ETF.
EDU has a market cap of $13.23 billion. This is considered a Large Cap stock.
Last quarter New Oriental Education & Technology Group Sponsored ADR Representing 10 Ordinary Share (Cayman Islands) reported $1 billion in Revenue and $.63 earnings per share. This beat revenue expectation by $107 million and missed earnings estimates by -$.16.
In the last 3 years, EDU stock traded as high as $164.40 and as low as $8.40.
The top ETF exchange traded funds that EDU belongs to (by Net Assets): PGJ, FPXI, FTLS, AVEM, AADR.
EDU has outperformed the market in the last year with a return of +85.0%, while the SPY ETF gained +22.7%. In the last 3 month period, EDU beat the market returning +5.0%, while SPY returned +3.2%. However, in the most recent 2 weeks EDU has underperformed the stock market by returning -7.7%, while SPY returned -2.9%.
EDU support price is $75.56 and resistance is $78.60 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that EDU stock will trade within this expected range on the day.