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Friday, November 27, 2020

Bright Scholar Education Holdings Limited (NYSE:BEDU) is Waving the Bull Flag

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Bright Scholar Education Holdings Limited (BEDU) shares are trading at higher $7.84 and the avg recommendation for the stock is Hold. while the current analyst price target stands at $7.93.

To add more color to this target, the company’s high over the last year is $10.21 and the low is $5.51. Over the last 52 weeks, BEDU is down -23.21% while the S&P 500 is up 0.22%. The catalyst for this interesting swing was the company’s recent earnings report.

A Notable Earnings Report

In the last quarter, BEDU reported a profit of $40.92 million. Bright Scholar Education Holdings Limited also saw revenues increase to $103.63 million. In addition, BEDU has free cash flow of -$15.64 million as of 05-2020. The company’s EBITDA came in at $19.08 million which compares well with its peers.

BEDU booked profit margins of 7.70%, its Return on Equity (ROE) is 9.20%, and its Return on Assets is 2.80%. All told, it is clear that, BEDU needs to be on your watchlist.

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Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. BEDU has a short ratio of 1.53 and outstanding shares of 119.98M.

Company Outlook

BEDU has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 77570.0 and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at 0.31. Bright Scholar Education Holdings Limited BEDU also noted assets of $1.46 billion at the end of the last quarter. Investors should also keep an eye on sector updates as BEDU has historically followed its peers on positive news.

All told, Bright Scholar Education Holdings Limited BEDU has strung together solid data and demonstrated underlying fundamentals. At its current valuation, BEDU represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.

Bright Scholar Education Holdings Limited BEDU is now commanding a market cap of 213.40M and a float of 21.11M. BEDU is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of BEDU stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!

Disclosure: we hold no position in BEDU, either long or short, and we have not been compensated for this article.

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