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.
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.
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.