Why is Edu stock down 70 percent over 5 days?
Over the last five days, EDU stock is down nearly 70 percent. This has brought a once-burgeoning market cap down to $3.47 billion, which is teetering on the small-cap side of the spectrum. The shares are down nearly 90 percent since February when fears of sweeping Chinese regulations on the general tech sector started.
Can Edu stock's rebound on July 27 predict the future?
The rebound for EDU stock on July 27 isn't a promising peek into the future. New Oriental's 2.11 percent rise is minuscule compared to its recent losses. The same goes for other, equally afflicted stocks in the Chinese education sector.
Where can I buy shares of Edu?
Shares of EDU can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. Compare Top Brokerages Here.
What happened to GAOTU techedu?
Gaotu Techedu (NYSE:GOTU) has also fallen this week, having lost nearly 75 percent of its value in the last five days. Gaotu founder Larry Chen took an especially painful shot when he went from being one of the world's richest people to losing $15 billion in equity since the beginning of the year.
Why did new Oriental education stock fall?
New Oriental Education & Technology has dropped over 87% since the beginning of the year as a result of Chinese regulatory crackdowns on for-profit tutoring companies.
What happened to Chinese education stocks?
China burned its education stocks to the ground last year by enacting harsh restrictions on companies' ability to do business. Losses quickly reached the 90%-plus level. Today, China announced measures to try to stop the burning.
Is EDU a buy?
Out of 9 analysts, 4 (44.44%) are recommending EDU as a Strong Buy, 0 (0%) are recommending EDU as a Buy, 4 (44.44%) are recommending EDU as a Hold, 1 (11.11%) are recommending EDU as a Sell, and 0 (0%) are recommending EDU as a Strong Sell.
Should I Buy New Oriental Education stock?
New Oriental Education & Technology Group, Inc. may be fairly valued. Its Value Score of C indicates it would be a neutral pick for value investors. The financial health and growth prospects of EDU, demonstrate its potential to perform inline with the market. It currently has a Growth Score of B.
Can Chinese education stocks recover?
Morgan Stanley analysts forecasted that Chinese education stocks can recover in the double-digits as it expects further government support for vocational training. It are eyeing New Oriental and TAL Education as they have “ample cash” to operate new businesses like non-academic tutoring.
Will Chinese education stocks be delisted?
Zhangmen Education (NYSE:ZME) is the latest stock to be set for delisting by NYSE Regulation, increasing worries about China-based companies on US exchanges. The delisting for Zhangmen came due to its failure to maintain a market cap of at least $15M for the 30 days.
What is the new prediction for Edu?
New Oriental Education & Technology Group Inc (NYSE:EDU) The 9 analysts offering 12-month price forecasts for New Oriental Education & Technology Group Inc have a median target of 21.80, with a high estimate of 32.00 and a low estimate of 11.70.
Is Tal a buy?
TAL Education Group - Buy Zacks' proprietary data indicates that TAL Education Group is currently rated as a Zacks Rank 2 and we are expecting an above average return from the TAL shares relative to the market in the next few months.
What is book value of a stock?
The book value of a stock is theoretically the amount of money that would be paid to shareholders if the company was liquidated and paid off all of its liabilities. As a result, the book value equals the difference between a company's total assets and total liabilities.
Who owns New Oriental Education?
Top 10 Owners of New Oriental Education & Technology Group IncStockholderStakeShares ownedMorgan Stanley & Co. LLC5.73%9,813,188Goldman Sachs & Co. LLC (Private ...4.29%7,346,401Carmignac Gestion SA2.52%4,311,055BlackRock Fund Advisors2.40%4,112,7846 more rows
Should I buy or sell New Oriental Education & Technology Group stock right now?
11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for New Oriental Education & Technology Group in the last year. There are cur...
What is New Oriental Education & Technology Group's stock price forecast for 2022?
11 Wall Street research analysts have issued 1 year price objectives for New Oriental Education & Technology Group's shares. Their forecasts range...
How has New Oriental Education & Technology Group's stock performed in 2022?
New Oriental Education & Technology Group's stock was trading at $21.00 at the start of the year. Since then, EDU shares have decreased by 22.8% an...
Are investors shorting New Oriental Education & Technology Group?
New Oriental Education & Technology Group saw a decrease in short interest in May. As of May 31st, there was short interest totaling 12,830,000 sha...
When is New Oriental Education & Technology Group's next earnings date?
New Oriental Education & Technology Group is scheduled to release its next quarterly earnings announcement on Friday, September 23rd 2022. View ou...
How were New Oriental Education & Technology Group's earnings last quarter?
New Oriental Education & Technology Group Inc. (NYSE:EDU) posted its quarterly earnings data on Tuesday, April, 26th. The company reported ($0.73)...
When did New Oriental Education & Technology Group's stock split? How did New Oriental Education & Technology Group's stock split work?
New Oriental Education & Technology Group's stock reverse split on Friday, April 8th 2022. The 1-10 reverse split was announced on Friday, April 8t...
Who are New Oriental Education & Technology Group's key executives?
New Oriental Education & Technology Group's management team includes the following people: Mr. Minhong Yu , Founder & Exec. Chairman (Age 59) Mr...
Who are some of New Oriental Education & Technology Group's key competitors?
Some companies that are related to New Oriental Education & Technology Group include TAL Education Group (TAL) , Grand Canyon Education (LOPE) ,...
Do hedge funds have to report at the end of every quarter?
Is there a crackdown on tutoring in China?
The financial regulations require hedge funds and wealthy investors that exceeded the $100 million holdings threshold to file a report that shows their positions at the end of every quarter. Even though it isn’t the intention, these filings to a certain extent level the playing field for ordinary investors.
The context behind New Oriental's massive downfall
China is planning a tough crackdown on the country's $120 billion private tutoring industry, Reuters reported. Sources told Reuters that the new rules would include trial bans on vacation tutoring and restrictions on advertising. The trial vacation ban, along with a bar of online and offline tutoring on weekends during term time, could severely affect tutoring companies' revenues to the tune of 70-80%. Gaotu Techedu Inc (NYSE: GOTU), New Oriental Education & Tech Grp (NYSE: EDU), TAL Education G
How New Oriental stock has been impacted
The downfall of EDU stock is an almost Shakespearean tragedy. Literature aside, the reality of this once-bellowing tutoring company is grim.
EDU stock isn't the only casualty following tutoring sector regulation
Over the last five days, EDU stock is down nearly 70 percent. This has brought a once-burgeoning market cap down to $3.47 billion, which is teetering on the small-cap side of the spectrum.
Is the rebound for EDU and others a promising peek into the future?
New Oriental is one victim in a populated pool. Other companies in the tutoring and after-school education industry are also seeing historic declines.
What is the off campus education department?
The rebound for EDU stock on July 27 isn't a promising peek into the future. New Oriental's 2.11 percent rise is minuscule compared to its recent losses. The same goes for other, equally afflicted stocks in the Chinese education sector.
Who is Evan from Motley Fool?
China's Ministry of Education has just created a new department, dubbed The Off-Campus Education and Training Department, tasked with overseeing the private tutoring market, according to the South China Morning Post.
Is tutoring bad for the government?
Evan is a Senior Technology Analyst at The Motley Fool. He was previously a Senior Trading Specialist at Charles Schwab, and worked briefly at Tesla. Evan graduated from the University of Texas at Austin, and is a CFA charterholder.
The Chinese educational services company reports quarterly results
An anonymous source told Reuters that private tutoring companies "should be preparing for the worst." The government is reportedly looking to implement a ban on online and offline tutoring services during weekends and certain holidays that could result in the consumer discretionary companies losing 70% to 80% of their revenue.
What happened
Evan is a Senior Technology Analyst at The Motley Fool. He was previously a Senior Trading Specialist at Charles Schwab, and worked briefly at Tesla. Evan graduated from the University of Texas at Austin, and is a CFA charterholder.
So what
Shares of New Oriental Education ( NYSE:EDU) have gotten crushed today, down by as much as 10%, after the company reported fiscal second-quarter earnings. The results beat expectations, while guidance was mostly in line with current estimates.
Now what
Revenue in the fiscal second quarter increased 13% to $887.7 million, which was ahead of the $882.3 million in sales that Wall Street analysts were modeling for. That translated into adjusted earnings per American depositary share (ADS) of $0.43, topping the consensus estimate of $0.33 per ADS in adjusted profits.
Did Hedge Funds Catch A Break With New Oriental Education & Technology Group Inc. (EDU)?
The consumer discretionary company, which provides educational services in China, said total student enrollments increased 10% to nearly 4.2 million. New Oriental Education now has 1,518 schools and learning centers. CEO Chenggang Zhou added that the industry is expected to consolidate once the pandemic is over.
Freemont Management S.A. Buys Accenture PLC, Splunk Inc, Stellantis NV, Sells Alphabet Inc, ..
We know that hedge funds generate strong, risk-adjusted returns over the long run, which is why imitating the picks that they are collectively bullish on can be a profitable strategy for retail investors. With billions of dollars in assets, professional investors have to conduct complex analyses, spend many resources and use tools that are not […]
