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. 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 16, 2024, EDU stock price declined to $85.50 with 1,026,933 million shares trading.

EDU has a beta of 1.02, meaning it tends to be more sensitive to market movements. EDU has a correlation of 0.06 to the broad based SPY ETF.

EDU has a market cap of $14.15 billion. This is considered a Large Cap stock.

Last quarter New Oriental Education & Technology Group Sponsored ADR Representing 10 Ordinary Share (Cayman Islands) reported $870 million in Revenue and $.29 earnings per share. This beat revenue expectation by $56 million and met earnings estimates .

In the last 3 years, EDU stock traded as high as $168.80 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 price return of +127.3% while the SPY ETF gained +23.7%. EDU has also outperformed the stock market ETF in the last 3 month and 2 week periods returning +10.0% and -2.3%, respectively, while the SPY returned +6.0% and -3.6%, respectively.

EDU support price is $83.93 and resistance is $87.15 (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.