TAL Stock Price Recent Week Analysis Shows Bearish Trend

TAL stock price fell almost 8.92% in the recent week, but it is bullish by nearly 2.63% in one month. TAL Education Group (NYSE:TAL) is a China-based holding that provides after-school tutoring programs for students. TAL stock price showed an upsurge of 23.19% in the last 6 months, while the year-to-date (YTD) price noted a drop of 8.54%.

TAL Education Group has a market cap of $4.509 billion, while its next quarter earnings date is April 27th. For Q3 2022, the total revenue of TAL was $232.68 million, that’s 20.87% lower compared to the previous quarter. The net income of the last quarter was $-51.58. And for the next quarter, the estimated earnings are $0.06, and revenue is expected to reach $255.22 million.

TAL Stock Price Dropping Down

TAL stock price closed at $6.64 on its last day of trading, while its day’s range was between $6.45 to $6.90. This week, TAL stock price noted a high at $7.90 and a low at $6.46. The below chart shows a bearish trend followed by TAL stock this week. Additionally, TAL stock’s 52-week price range is between $1.60 to $10.45, where the stock showed a bullish outcome with 147.76%.

The analysts are offering their 1-year price forecasts for TAL stock, with a max estimate of $10.18 and a min estimate of $2.90.

Earlier this year, for the fiscal second quarter TAL Education Group, recorded a $47.6 million decline in operating income sequentially and a net loss of $23.2 million. The latter figure showed a more than 77% decline from the prior year. TAL stock price rebounded sharply after tumbling in premarket action after the report. The stock price marked almost a double-digit gain at the intraday high.

Furthermore, the other Chinese ed-tech stocks are currently following a bearish trend. New Oriental Education & Technology (EDU), Gaotu Techedu (GOTU), and 17 Education & Technology Group (YQ) noted a 1.97%, 8.05%, and 3.64% drop on its last day of trading, respectively.

Last but not least, the financial stocks also led the market down in Thursday’s session. As CNBC report states, “the investors are looking to upcoming job data for clues into how the Federal Reserve may move ahead. The action follows a sharp sell-off led by bank shares.”

Disclaimer

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Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain.

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