With 2.16 million shares changed hands, the volume of the stock remained lighter than its average volume of 6.58 million shares. During the session, the Education & Training Services company that operates in wider Consumer Defensive sector, reached to the highest price of $9.63 whereas the lowest price it dropped to was $9.41. The 52-week range on TAL shows that it touched its highest point at $10.58 and its lowest point at $4.74 during that stretch. It currently has a 1-year price target of $10.88. Beta for the stock currently stands at 0.03.
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 1.06%, but this was up by 1.17% over a month. Three-month performance surged to 44.82% while six-month performance rose 61.29%. The stock gained 75.28% in the past year, while it has gained 34.75% so far this year. A look at the trailing 12-month EPS for TAL yields -0.15 with Next year EPS estimates of 0.08. For the next quarter, that number is -0.02. This implies an EPS growth rate of 69.03% for this year and 220.65% for next year.
Float and Shares Shorts:
At present, 489.49 million TAL shares are outstanding with a float of 487.01 million shares on hand for trading. On Oct 30, 2023, short shares totaled 25.53 million, which was 4.00% higher than short shares on Sep 28, 2023. In addition to Mr. Bangxin Zhang as the firm’s Co-Founder, Chairman & CEO, Dr. Zhuangzhuang Peng serves as its President & CFO.
Institutional Ownership:
Through their ownership of 60.36% of TAL’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 34.22% of TAL, in contrast to 17.24% held by mutual funds. As the largest shareholder in TAL with 3.62% of the stake, Krane Funds Advisors LLC holds 17,771,371 shares worth 17,771,371. A second-largest stockholder of TAL, Morgan Stanley & Co. LLC, holds 14,767,093 shares, controlling over 3.01% of the firm’s shares. Bank of America, NA is the third largest shareholder in TAL, holding 14,205,490 shares or 2.89% stake. With a 3.33% stake in TAL, the KraneShares CSI China Internet ET is the largest stakeholder. A total of 16,350,553 shares are owned by the mutual fund manager. The Vanguard Emerging Markets Stock I, which owns about 1.22% of TAL stock, is the second-largest Mutual Fund holder. It holds 5,995,151 shares valued at 52.58 million. Vanguard Total International Stoc holds 1.21% of the stake in TAL, owning 5,945,782 shares worth 52.14 million.
Analysts Ratings:
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 $12.30 and a low target of $9.00, the average target price over the next 12 months is $10.88. Based on these targets, TAL could surge 29.47% to reach the target high and fall by -5.26% to reach the target low. Reaching the average price target will result in a growth of 14.53% from current levels.
