EDU Stock Summary and Trading Ideas (New Oriental Education & Technology Group Sponsored ADR Representing 10 Ordinary Share (Cayman Islands) | NYSE:EDU)

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 April 30, 2024, EDU stock price declined to $77.10 with 2,504,193 million shares trading.

EDU has a beta of 0.97, meaning it tends to be less sensitive to market movements. EDU has a correlation of 0.07 to the broad based SPY ETF.

EDU has a market cap of $12.76 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 $156.00 and as low as $8.40.

The top ETF exchange traded funds that EDU belongs to (by Net Assets): FPXI, PGJ, FTLS, AVEM, AADR.

EDU has outperformed the market in the last year with a return of +69.1%, while the SPY ETF gained +22.3%. However, in the most recent history, EDU shares have underperformed the stock market with its stock returning +1.2% in the last 3 month period and -9.9% for the last 2 week period, while SPY has returned +2.5% and -0.5%, respectively.

EDU support price is $80.26 and resistance is $84.36 (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.