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The Stars are Aligning for Holders of New Oriental Education & Technology Group Inc. (EDU)

At the end of the latest market close, New Oriental Education & Technology Group Inc. (EDU) was valued at $26.28. In that particular session, Stock kicked-off at the price of $26.60 while reaching the peak value of $26.89 and lowest value recorded on the day was $25.25. The stock current value is $27.38.Recently in News on July 27, 2022, New Oriental Announces Results for the Fourth Fiscal Quarter and the Fiscal Year Ended May 31, 2022 and Adoption of up to US$400 Million Share Repurchase Program. New Oriental Education & Technology Group Inc. (the “Company” or “New Oriental”) (NYSE: EDU/ 9901.SEHK), a provider of private educational services in China, today announced its unaudited financial results for the fourth fiscal quarter and fiscal year ended May 31, 2022. You can read further details here

New Oriental Education & Technology Group Inc. had a pretty favorable run when it comes to the market performance. The 1-year high price for the company’s stock is recorded $29.73 on 07/28/22, with the lowest value was $8.40 for the same time period, recorded on 03/15/22.

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New Oriental Education & Technology Group Inc. (EDU) full year performance was 21.11%

Price records that include history of low and high prices in the period of 52 weeks can tell a lot about the stock’s existing status and the future performance. Presently, New Oriental Education & Technology Group Inc. shares are logging -7.90% during the 52-week period from high price, and 225.95% higher than the lowest price point for the same timeframe. The stock’s price range for the 52-week period managed to maintain the performance between $8.40 and $29.73.

The company’s shares, operating in the sector of Consumer Defensive managed to top a trading volume set approximately around 2151440 for the day, which was evidently lower, when compared to the average daily volumes of the shares.

When it comes to the year-to-date metrics, the New Oriental Education & Technology Group Inc. (EDU) recorded performance in the market was 25.14%, having the revenues showcasing 109.40% on a quarterly basis in comparison with the same period year before. At the time of this writing, the total market value of the company is set at 4.19B, as it employees total of 88126 workers.

Analysts verdict on New Oriental Education & Technology Group Inc. (EDU)

During the last month, 9 analysts gave the New Oriental Education & Technology Group Inc. a BUY rating, 1 of the polled analysts branded the stock as an OVERWEIGHT, 4 analysts were recommending to HOLD this stock, 0 of them gave the stock UNDERWEIGHT rating, and 0 of the polled analysts provided SELL rating.

According to the data provided on Barchart.com, the moving average of the company in the 100-day period was set at 15.58, with a change in the price was noted +14.76. In a similar fashion, New Oriental Education & Technology Group Inc. posted a movement of +117.14% for the period of last 100 days, recording 5,443,004 in trading volumes.

Total Debt to Equity Ratio (D/E) can also provide valuable insight into the company’s financial health and market status. The debt to equity ratio can be calculated by dividing the present total liabilities of a company by shareholders’ equity. Debt to Equity thus makes a valuable metrics that describes the debt, company is using in order to support assets, correlating with the value of shareholders’ equity The total Debt to Equity ratio for EDU is recording 0.02 at the time of this writing. In addition, long term Debt to Equity ratio is set at 0.02.

New Oriental Education & Technology Group Inc. (EDU): Technical Analysis

Raw Stochastic average of New Oriental Education & Technology Group Inc. in the period of last 50 days is set at 87.54%. The result represents improvement in oppose to Raw Stochastic average for the period of the last 20 days, recording 74.68%. In the last 20 days, the company’s Stochastic %K was 71.97% and its Stochastic %D was recorded 79.04%.

Let’s take a glance in the erstwhile performances of New Oriental Education & Technology Group Inc., multiple moving trends are noted. Year-to-date Price performance of the company’s stock appears to be pessimistic, given the fact the metric is recording 25.14%. Additionally, trading for the stock in the period of the last six months notably improved by 97.59%, alongside a boost of 21.11% for the period of the last 12 months. The shares increased approximately by 8.46% in the 7-day charts and went down by 29.08% in the period of the last 30 days. Common stock shares were driven by 109.40% during last recorded quarter.

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