Could Tarena International, Inc. (TEDU) Go Up After Touching All-Time Low?

Tarena International, Inc. (NASDAQ:TEDU) Logo

The stock of Tarena International, Inc. (NASDAQ:TEDU) reached all time low today, May, 8 and still has $4.18 target or 4.00 % below today’s $4.35 share price. This indicates more downside for the $230.87M company. This technical setup was reported by Barchart.com. If the $4.18 PT is reached, the company will be worth $9.23 million less.
Trading stocks at an all time low is not easy. Stock at an all time low usually experience even more downside due to very negative fundament. Even thought the pullback rate is high, shorting is not an easy job because the risk of being wrong is big and the risk-reward ratio is always worse than if trading lon only.

The stock decreased 0.70% or $0.0305 during the last trading session, reaching $4.3495. About 9,401 shares traded. Tarena International, Inc. (NASDAQ:TEDU) has declined 47.40% since May 8, 2018 and is downtrending. It has underperformed by 51.77% the S&P500.

Tarena International, Inc. (NASDAQ:TEDU) Ratings Coverage

Among 2 analysts covering Tarena Intl (NASDAQ:TEDU), 0 have Buy rating, 2 Sell and 0 Hold. Therefore 0 are positive. Tarena Intl has $8.4500 highest and $5.8 lowest target. $5.89’s average target is 35.42% above currents $4.3495 stock price. Tarena Intl had 4 analyst reports since November 21, 2018 according to SRatingsIntel. The firm earned “Underperform” rating on Wednesday, November 21 by Jefferies. The rating was downgraded by CLSA to “Sell” on Tuesday, March 12.

More notable recent Tarena International, Inc. (NASDAQ:TEDU) news were published by: Nasdaq.com which released: “Mid-Day Market Update: Dow Tumbles Over 200 Points; Crude Oil Down 4% – Nasdaq” on August 19, 2015, also Prnewswire.com with their article: “Tarena International, Inc. Announces Fourth Quarter and Full Year 2018 Results – PRNewswire” published on March 11, 2019, Nasdaq.com published: “Asian ADRs Move Higher in Tuesday Trading – Nasdaq” on March 19, 2019. More interesting news about Tarena International, Inc. (NASDAQ:TEDU) were released by: Nasdaq.com and their article: “New Silk Road Investment Pte Ltd Buys China Biologic Products Holdings Inc, MakeMyTrip, Tarena … – Nasdaq” published on October 17, 2017 as well as Nasdaq.com‘s news article titled: “TAL Education Soars On Surging Student Enrollment Across China – Nasdaq” with publication date: January 25, 2018.

Tarena International, Inc., through its subsidiaries, provides professional education services through part-time and full-time classes in the PeopleÂ’s Republic of China. The company has market cap of $230.87 million. It offers education courses in 12 information technology subjects, such as Java, .NET, C++, software testing, PHP, embedded, Android, iOS, Big Data, Web front-end development, Linux and network engineering, and VR/AR; and 3 non-IT subjects comprising digital art, online sales and marketing, and accounting through live distance instruction, classroom tutoring, and online learning modules. It currently has negative earnings. The firm also provides three kid education programs, including Tongcheng, Tongmei, and Tongchuang.

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