Sunday, June 26, 2022

Taking a Closer Look At TAL Education Group (TAL) Following Its Recent Trade

JP Morgan upgraded its TAL Education Group [TAL] rating to a Neutral from a an Underweight in a research note published on Tuesday, May 02, 2022; the price target was decreased to $3.90 from $7.60. PT values the company’s stock at a premium of -22.31 to its Tuesday closing price. A number of analysts have revised their coverage, including Daiwa Securities’s analysts, who increased its forecast for the stock in early March from “a Neutral” to “a Buy”. Morgan Stanley also remained covering TAL and has increased its forecast on March 07, 2022 with a “an Overweight” recommendation from previously “an Underweight” rating. Morgan Stanley revised its rating on January 10, 2022. It rated TAL as “an Underweight” which previously was an “an Equal-weight”.

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Price Performance Review of TAL

On Tuesday, TAL Education Group [NYSE:TAL] saw its stock fall -2.05% to $4.77. On the same session, the stock had its day’s lowest price of $4.67, but rose to a high of $4.98. Over the last five days, the stock has gained 17.78%. TAL Education Group shares have risen nearly 21.37% since the year began. Nevertheless, the stocks have fallen -79.48% over the past one year. While a 52-week high of $26.62 was reached on 06/08/22, a 52-week low of $1.60 was recorded on 03/15/22. SMA at 50 days reached $3.73, while 200 days put it at $3.87. A total of 9.85 million shares were traded, compared to the trading of 8.85 million shares in the previous session.

Levels Of Support And Resistance For TAL Stock

The 24-hour chart illustrates a support level at 4.63, which if violated will result in even more drops to 4.50. On the upside, there is a resistance level at 4.94. A further resistance level may holdings at 5.12. The Relative Strength Index (RSI) on the 14-day chart is 57.78, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.33, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 42.65%. Stochastics %K at 61.57% indicates the stock is a holding.

How much short interest is there in TAL Education Group?

A steep rise in short interest was recorded in TAL Education Group stocks on Apr 28, 2022, dropping by -14.66 million shares to a total of 9.58 million shares. Yahoo Finance data shows the prior-month short interest on Mar 30, 2022 was 24.24 million shares. There was a decline of -153.03%, which implies that there is a negative sentiment for the stock.

TAL Education Group [TAL] – Who Are The Largest Shareholders?

In filings from Goldman Sachs & Co. LLC, it is revealed that the company now owns 41,921,630 shares, or roughly 8.41% of the outstanding TAL shares. In other words, the investor’s shares have risen by 11,098,741 from its previous 13-F filing of 30822889.0. Additionally, UBS Securities LLC increased 17.45% of its stake after which the total value it holdings stand at $76,949,718, while Krane Funds Advisors LLC added 38.11% of its stake to hold $62.72 million in the firm. Over the last quarter, Morgan Stanley & Co. LLC purchased 1,234,401 shares of TAL Education Group, while The Vanguard Group, Inc. bought -10,701 shares. At present, BlackRock Fund Advisors is holding 12,131,046 shares valued at $49.74 million. Tiger Pacific Capital LP owned 10,409,740 shares of the company at the time of its most recent 13F filing, worth $42.68 million.

According to FactSet, TAL Education Group’s share price will average $4.25 in the next year, based on opinions of analysts polled by the firm. This is down nearly -11.7 percent from its previous closing price of $4.87. Analysts expect TAL Education Group stock to reach the higher price of $5.40, while the lowest price estimate is $2.90. However, 10 analysts have rated TAL stock as a Hold in their predictions for 2022.

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