TAL Education Group (TAL): Where It’s Really At

The stock of TAL Education Group (NYSE:TAL) has been Downgraded to Neutral from Buy by BofA/Merrill in its latest research note that was published on July 25. Daiwa Securities analysts bumped their recommendation on TAL stock from Neutral to Outperform in a separate flash note to investors on April 26. Analysts at Jefferies downgraded the stock to a Hold call from its previous Buy stance, in a research note that dated back to April 26.

TAL Education Group, which has current market capitalization of above $21 Billion, published its last quarter earnings on May 31, 2019.

TAL surged by $1.08 during the normal trading session on Thursday and reaching a high of $35.45 during the day while it closed the day at $34.76. The TAL stock had a low trading volume of 1.57 million shares on that day, which is low compared to the average daily volume of 3.10M shares. TAL has also lost 2.63% of its value over the past 7 days. However, the stock has declined by 4.32% in the 3 months of the year. Over the past six months meanwhile, it has gained 5.37% while it has added 30.28% year-on date. Let us now take a look at the stock’s potential support and resistance levels. The publicly traded company was seen to have slipped by -12.36% from its 3 months high price. However, taking another look at TAL will indicate that it is trading +12.93% away from its 90-day low. Looking at the bigger picture, the TAL Education Group stock has dropped by -12.36% from its 52-week high while it has surged by +64.9% from its 52-week low price.

TAL has around 2 Trillion cash on their books at the moment. This figure will have to be compared and looked into, with their current liabilities standing at $2 Trillion. The TAL stock is bringing in revenue of over 12 months, which is roughly 386 Billion. Despite all that, TAL Education Group is seeing things progressing very much as their y-o-y quarterly revenue surged by 33.27%.

Looking at the stock’s Technical analysis information over the past 50 days shows that its Raw Stochastic average stood at 45.64%. This figure is worse than the company’s 20-day Raw Stochastic average which currently stands at 66.88%. Over the past 20 days, TAL’s Stochastic %K stood at 61.17% while its Stochastic %D was revealed to be 67.95%.