New Oriental Education And Technology Group, Inc. American Depositary Shares (each Representing Ten (10) Common Shares) | EDU

Daily Technical Analysis of New Oriental Education And Technology Group, Inc. American Depositary Shares (each Representing Ten (10) Common Shares)

New Oriental Education And Technology Group had a nice pop today and is currently up 3.32% we'll see if the cash keeps flowing in.

The company isn't at an immediate support or resistance level that might be predictive. But let's also consider momentum! New Oriental Education And Technology Group has had a nice run over the last year and provided good returns to shareholders. Over the previous year, the asset has grown 75.65 percent which isn't too bad. EDU might find some support at the 23.41 level, buyers might push the price back up from here. But it's not very clear what will happen.

Analyst Ratings for New Oriental Education And Technology Group By Price Target And Rating

The analysts feel fairly neutral on the prospects for New Oriental Education and Technology Group but a little more positive than negative. The current Analysts Sentiment Score is 22.84. Most companies range between (-200 to 200).

Here's a break down of the latest rating changes. Morgan Stanley gave a boost to their price target and moved to $95.00 from $85.00 on 2024-03-28. The Goldman Sachs Group initiated a rating of Buy on 2023-11-24. On 2023-09-27 Citigroup increased their price target by 57.14% to $66.00. On 2023-07-27 UBS Group increased their price target by 9.23% to $71.00.

Earnings Per Share (EPS) Estimates By Year and Quarter

Short interest for New Oriental Education and Technology Group

We take into account several different measures of short interest to create a composite score. These measures are shown in the chart below. Short selling is when investors are betting against a stock. We compile these factors to create a dynamic Short Score - this can indicate poor sentiment, internal problems with a company or industry and the anticipation of future price declines. We look at the short interest percent, days to cover, the rate of change and total shares sold short.

Social Sentiment for New Oriental Education and Technology Group

Social Sentiment is an aggregation of several different factors such as news, articles, blogs, user content, ratings, etc. Which is shown in the chart below. It may become predictive of a reversal if price and the sentiment diverge. Broader market forces may push prices up or down but if market participants maintain a different view on a specific stock, it may be taken as an opportunity to buy or sell in those cases.