Why is Edu stock on the rise again Wednesday?
New Oriental Education (NYSE: EDU) stock is on the rise again Wednesday as shares of the stock have been trending higher lately. The big news boosting EDU stock higher today is the company’s shift to live stream shopping and how it’s attracting new viewers and customers.
What's happening to China's publicly traded education stocks?
In a curious development, shares of three of China's best-known publicly traded education stocks -- TAL Education Group ( NYSE:TAL), New Oriental Education ( NYSE:EDU), and GSX Techedu ( NYSE:GOTU) -- are in freefall today. As of noon EDT on Friday, TAL stock is down 17.7%, New Oriental has fallen 20.4%, and GSX is down worst of all -- 21.4%.
Why is Edu stock jumping on live streaming news?
New Oriental Education ( EDU) stock is jumping on live streaming news. The company has shifted to selling goods online while teaching about them. This comes after regulations in China forced it to change its business model.
What's happening with New Oriental Education shares?
Shares of New Oriental Education, the largest provider of private educational services in China, were up by about 10% over the past week. New Oriental Education's share price cratered last month after the Chinese government began cracking down on after-school tutoring companies.
Why did the stock market go down today?
The stock market got crushed Friday after the latest consumer price index showed that inflation is still a major problem. Bets that the Federal Reserve will remain aggressive in lifting interest rates are back on. The Dow Jones Industrial Average dropped 880 points, or 2.7%.
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.
Why did the Dow drop today?
Major indexes tumbled Thursday as high inflation, rising interest rates and growing concerns about corporate profits and economic growth dent investors' appetite for risk.
WHY IT stocks are falling?
Expecting further falling IT index, Manoj Dalmia, Founder & Director at Proficient Equities said, "Weakness in IT stocks can be attributed to three major reasons — weak margins and earnings report, higher expenses in terms of hiring and retaining employees due to demand and valuation of IT stocks is currently at about ...
What is the new prediction for Edu?
New Oriental Education & Technology Group Inc (NYSE:EDU) The 12 analysts offering 12-month price forecasts for New Oriental Education & Technology Group Inc have a median target of 23.70, with a high estimate of 41.30 and a low estimate of 11.70.
Why Buy EDU stock?
The New Oriental Education & Technology stock holds buy signals from both short and long-term moving averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average.
Why did stock market drop Friday?
Stocks dropped on Friday after a highly anticipated inflation report showed a faster-than-expected rise in prices and consumer sentiment hit a record low. The Dow Jones Industrial Average shed 810 points, or 2.5%.
What's the stock market doing right now?
Stock marketStock market
Whats the market doing today?
US MarketsSYMBOLPRICECHANGEDJIA31,097.26+321.83NASDAQ11,127.85+99.11S&P 5003,825.33+39.95*GOLD1,812.9+5.64 more rows
Can stocks make you rich?
Investing in the stock market is one of the world's best ways to generate wealth. One of the major strengths of the stock market is that there are so many ways that you can profit from it. But with great potential reward also comes great risk, especially if you're looking to get rich quick.
How do you make money when a stock goes down?
If the stock does drop after selling, the short seller buys it back at a lower price and returns it to the lender. The difference between the sell price and the buy price is the short seller's profit.
Will the stock market Crash 2022?
Stocks in 2022 are off to a terrible start, with the S&P 500 down close to 20% since the start of the year as of May 23. Investors in Big Tech are growing more concerned about the economic growth outlook and are pulling back from risky parts of the market that are sensitive to inflation and rising interest rates.
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.
Is Tal a buy?
The consensus among 5 Wall Street analysts covering (NYSE: TAL) stock is to Buy TAL stock.
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.
Did Hedge Funds Catch A Break With New Oriental Education & Technology Group Inc. (EDU)?
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
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 […]
Component Grades
Investment company Freemont Management S.A.
EDU POWR Grades
We have 9 different ratings for every stock to help you appreciate its future potential. You can unlock it all now.
EDU Stock Summary
Value is the dimension where EDU ranks best; there it ranks ahead of 76.9% of US stocks.
EDU Valuation Summary
Price to trailing twelve month operating cash flow for EDU is currently 2.27, higher than only 7.08% of US stocks with positive operating cash flow.
EDU's Quality Factors
In comparison to the median Consumer Defensive stock, EDU's EV/EBIT ratio is 55% lower, now standing at 8.1.
About Educational Development
The “Quality” component of the POWR Ratings focuses on 31 different factors of a companies fundamentals and operational strength. Here are some key insights as we drill into the specifics of these quality attributes.
Headlines
Educational Development Corp. engages in the provision of educational children's books. It operates through the Home Business and Publishing segments.
Educational Development (NASDAQ:EDUC) Frequently Asked Questions
The future of higher education in Kentucky. 5 questions for Aaron Thompson.
Fear mounts of government interference at TAL Education Group, GSX Techedu, and New Oriental Education
Educational Development's stock was trading at $4.26 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, EDUC stock has increased by 70.9% and is now trading at $7.28. View which stocks have been most impacted by COVID-19.
What happened
I like things that go "boom." Sonic or otherwise, that means I tend to gravitate towards defense and aerospace stocks. But to tell the truth, over the course of a dozen years writing for The Motley Fool, I have covered -- and continue to cover -- everything from retailers to consumer goods stocks, and from tech to banks to insurers as well.
So what
In a curious development, shares of three of China's best-known publicly traded education stocks -- TAL Education Group ( NYSE:TAL), New Oriental Education ( NYSE:EDU), and GSX Techedu ( NYSE:GOTU) -- are in freefall today. As of noon EDT on Friday, TAL stock is down 17.7%, New Oriental has fallen 20.4%, and GSX is down worst of all -- 21.4%.
Now what
To find the answer you have to go back in time by a couple of weeks when news began filtering out on Bloomberg regarding Chinese authorities conducting snap inspections of after-school tutoring institutions.
What happened
That all changed today, however, when investment bank Jefferies reported that China may ban the use of online education for students below seven years of age, and may also ban online education companies from advertising in Chinese state-owned media.
So what
Shares of prominent Chinese education stocks have crashed today amid ongoing fears of a government crackdown on the sector. The market for private tutoring services has boomed in recent years, sparking concerns about the costs of raising children at a time when the Chinese government is attempting to encourage more people to have kids.
Now what
There doesn't appear to be any specific news from today that is causing the sectorwide meltdown. Rather, the weakness seems to be related to lingering concerns that the government is escalating its efforts to regulate private tutoring companies.
