Shares of Four Seasons Education (Cayman) Inc. (FEDU) stock were continued to rise today on May 21, 2021, after gaining as much as 8.99% at the previous closing. FEDU stock price saw an uptrend of 22.52% today to reach 1.09$ a share at the time of this writing. The rising FEDU stock price is not attributable to any specific news in today’s date. Let’s see more about FEDU stock.
What’s Happening?
Four Seasons Education (Cayman) Inc. (FEDU) provides after-school education services in the People’s Republic of China. The main focus is offering math education services to students. It seems that FEDU stock is continuing the rising momentum though there is no specific reason in the recent days to justify this bull. Sometimes analysts’ upgrades favor the stock price, but this case is not supported by this fact. Individuals are expressing their excitement following today’s rising trend. One person expressed his joy by saying.
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“Our day today”
So, what you need to know at this point? Let’s discuss some recent previous events of FEDU stock.
Financial Results of FEDU stock:
On May 13, 2021, FEDU stock did announce its fourth quarter and fiscal year 2021 ended February 28 unaudited financial results according to which FEDU stock fourth-quarter revenue reduced to RMB70.2 million as compared to RMB71.1 million in the same quarter of the previous year. The full-year revenue significantly declined to RMB280.3 million as compared to RMB389.0 in the previous year.
Gross profit for FEDU stock was RMB28.3 million in the fourth quarter as compared to RMB24.8 million in the same tenure of the prior year, representing a 14.1% increase over the year. However full fiscal year 2021 gross profit dropped to RMB111.5 million as compared to RMB188.1 million in the prior year.
Four Seasons Education (Cayman) Inc suffered an operating loss of RMB8.5 million in the fourth quarter while this operating loss was RMB168.2 million in the same tenure of the previous year. The full-year operating loss of FEDU stock reduced to RMB36.5 million from RMB131.0 million in the previous year.
Conclusion:
So far so good for FEDU stock as far as market sentiment is concerned but how long this trend will persist, no one exactly knows as the stock market is unpredictable. The business outlook by FEDU stock suggests a 15% to 20% increase in revenue for the first quarter of the fiscal year 2022. In a nutshell, FEDU stock can be a good bet for investors in the long run.