Why Should We Buy New Oriental Education & Technology Group Inc. (EDU) Stock?
New Oriental Education & Technology Group Inc. (NYSE:EDU) has a beta value of 0.95 and has seen 22.56 million shares traded in the last trading session. The company, currently valued at $16.68B, closed the last trade at $9.54 per share which meant it lost -$0.19 on the day or -1.95% during that session. The EDU stock price is -109.33% off its 52-week high price of $19.97 and 19.18% above the 52-week low of $7.71. If we look at the companys 10-day average daily trading volume, we find that it stood at 47.79 million shares traded. The 3-month trading volume is 25.63 million shares. The consensus among analysts is that New Oriental Education & Technology Group Inc. (EDU) is a Buy stock at the moment, with a recommendation rating of 1.70. 0 analysts rate the stock as a Sell, while 3 rate it as Overweight. 1 out of 32 have rated it as a Hold, with 28 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is $0.04. New Oriental Education & Technology Group Inc. (NYSE:EDU) trade information  Sporting -1.95% in the red in last session, the stock has traded in the green over the last five days, with the highest price hit on Friday, 06/11/21 when the EDU stock price touched $9.54 or saw a rise of 7.29%. Year-to-date, New Oriental Education & Technology Group Inc. shares have moved -48.66%, while the 5-day performance has seen it change 3.47%. Over the past 30 days, the shares of New Oriental Education & Technology Group Inc. (NYSE:EDU) have changed -29.07%. Short interest in the company has seen 56.46 million shares shorted with days to cover at 1.96. Wall Street analysts have a consensus price target for the stock at $18.53, which means that the shares value could jump 48.52% from current levels. The projected low price target is $9.30 while the price target rests at a high of $23.55. In that case, then, we find that the current price level is -146.86% off the targeted high while a plunge would see the stock lose 2.52% from current levels. New Oriental Education & Technology Group Inc. (EDU) estimates and forecasts  Figures show that New Oriental Education & Technology Group Inc. shares have underperformed across the wider relevant industry. The companys shares have lost -40.52% over the past 6 months, with this year growth rate of -6.67%, compared to 27.20% for the industry. Other than that, the company has, however, lowered its growth outlook for the 2021 fiscal year revenue. Growth estimates for the current quarter are 33.30% and 36.40% for the next quarter. Revenue growth from the last financial year stood is estimated to be 17.20%. 11 analysts offering their estimates for the company have set an average revenue estimate of $1.13 billion for the current quarter. 6 have an estimated revenue figure of $1.43 billion for the next quarter concluding in Aug 2021. If we evaluate the companys growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 16.10% over the past 5 years. Earnings growth for 2021 is a modest 73.10% while over the next 5 years, the companys earnings are expected to increase by 23.79%. 5 Stocks Under $10 That Are Poised to Take Off Investing in stocks under $10 could significantly increase the returns on your portfolio, especially if you pick the right stocks! Within this report you will find 5 top stocks that offer investors huge upside potential and the best bang for their buck. Investing in stocks under $10 could significantly increase the returns on your portfolio, especially if you pick the right stocks! Within this report you will find 5 top stocks that offer investors huge upside potential and the best bang for their buck. Add them to your watchlist before they take off! Get the Top 5 Stocks Now! Sponsored  EDU Dividends  New Oriental Education & Technology Group Inc. is expected to release its next earnings report in July this year, and investors are excited at the prospect of better dividends despite the companys debt issue. New Oriental Education & Technology Group Inc. (NYSE:EDU)s Major holders  Insiders own 0.02% of the company shares, while shares held by institutions stand at 86.83% with a share float percentage of 86.84%. Investors are also buoyed by the number of investors in a company, with New Oriental Education & Technology Group Inc. having a total of 794 institutions that hold shares in the company. The top two institutional holders are Blackrock Inc. with over 83.84 million shares worth more than $1.17 billion. As of Mar 30, 2021, Blackrock Inc. held 4.89% of shares outstanding. The other major institutional holder is Davis Selected Advisers, LP, with the holding of over 70.54 million shares as of Mar 30, 2021. The firms total holdings are worth over $987.51 million and represent 4.11% of shares outstanding. Also the top two Mutual Funds that are holding companys shares are Davis New York Venture Fund and Vanguard International Stock Index-Total Intl Stock Indx. As of Jan 30, 2021, the former fund manager holds about 1.46% shares in the company for having 25.02 million shares of worth $419.08 million while later fund manager owns 19.43 million shares of worth $325.5 million as of Jan 30, 2021, which makes it owner of about 1.13% of companys outstanding stock.