20-May-2024
Benzinga (Sun, 19-May 7:17 PM ET)
Benzinga (Thu, 16-May 5:40 AM ET)
New Oriental Announces Results for the Third Fiscal Quarter Ended February 29, 2024
PRNewswire (Wed, 24-Apr 5:20 AM ET)
New Oriental to Report Third Quarter 2024 Financial Results on April 24, 2024
PRNewswire (Thu, 28-Mar 5:00 AM ET)
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. The company also owns 55% of East Buy, 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 May 20, 2024, EDU stock price declined to $81.37 with 883,614 million shares trading.
EDU has a beta of 0.73, meaning it tends to be less sensitive to market movements. EDU has a correlation of 0.04 to the broad based SPY ETF.
EDU has a market cap of $13.47 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 $119.30 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 +116.1%, while the SPY ETF gained +28.2%. However, in the most recent history, EDU shares have underperformed the stock market with its stock returning -10.1% in the last 3 month period and -3.1% for the last 2 week period, while SPY has returned +7.0% and +2.6%, respectively.
EDU support price is $79.73 and resistance is $84.61 (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.