TAL Education Group (NYSE: TAL) stock fell -2.16% on Friday to $7.24 against a previous-day closing price of $7.40. With 5.34 million shares changed hands, the volume of the stock remained lighter than its average volume of 6.49 million shares. During the session, the Education & Training Services company that operates in wider Consumer Defensive sector, reached to the highest price of $7.66 whereas the lowest price it dropped to was $7.20. The 52-week range on TAL shows that it touched its highest point at $10.45 and its lowest point at $2.81 during that stretch. It currently has a 1-year price target of $7.13. Beta for the stock currently stands at 0.02.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of TAL was up-trending over the past week, with a rise of 0.70%, but this was up by 9.04% over a month. Three-month performance surged to 10.70% while six-month performance rose 20.47%. The stock gained 30.69% in the past year, while it has gained 2.70% so far this year. A look at the trailing 12-month EPS for TAL yields -0.22 with Next year EPS estimates of 0.14.
Float and Shares Shorts:
At present, 633.97 million TAL shares are outstanding with a float of 491.02 million shares on hand for trading. On Aug 30, 2023, short shares totaled 26.55 million, which was 4.16% higher than short shares on Jul 30, 2023. In addition to Mr. Bangxin Zhang as the firm’s Co-Founder, Chairman & CEO, Dr. Zhuangzhuang Peng serves as its Pres & CFO.
Through their ownership of 60.36% of TAL’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 33.29% of TAL, in contrast to 17.11% held by mutual funds. Shares owned by individuals account for –. As the largest shareholder in TAL with 3.18% of the stake, Krane Funds Advisors LLC holds 15,593,731 shares worth 15,593,731. A second-largest stockholder of TAL, Bank of America, NA, holds 14,604,587 shares, controlling over 2.97% of the firm’s shares. The Vanguard Group, Inc. is the third largest shareholder in TAL, holding 13,335,375 shares or 2.72% stake. With a 3.39% stake in TAL, the KraneShares CSI China Internet ET is the largest stakeholder. A total of 16,647,337 shares are owned by the mutual fund manager. The Vanguard Emerging Markets Stock I, which owns about 1.25% of TAL stock, is the second-largest Mutual Fund holder. It holds 6,163,703 shares valued at 43.45 million. Vanguard Total International Stoc holds 1.22% of the stake in TAL, owning 6,002,087 shares worth 42.31 million.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for TAL since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With TAL analysts setting a high price target of $10.20 and a low target of $6.70, the average target price over the next 12 months is $7.77. Based on these targets, TAL could surge 40.88% to reach the target high and fall by -7.46% to reach the target low. Reaching the average price target will result in a growth of 7.32% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.