The New Age Beverages Corporation (NASDAQ:NBEV) is going up by 2.65% in today’s trading session, a rise equivalent to 0.06% of the stock’s price from yesterday’s market close. A news came out on 11/14/19 stating that NEWAGE REPORTS RECORD 3RD QUARTER SALES WITH REVENUE GROWTH OF 427% by WSJ. The lowest point that the shares touched during the trading session was $2.13, while the peak of the day was recorded at a share price of $2.30. NBEV finished the previous session at $2.26 according to the data provided by Barchart, while the trading volume was observed to be $583833.
In the 100 days of trading, NBEV managed to top a 3.22% Moving average. Additionally, New Age Beverages Corporation shares have achieved a 52-week range between 2.10 and 7.79 alongside 100 days raw stochastic set at 9.36%.
The number of shares outstanding, according to the fundamentals of the company, is set at 76.42M, equal to the value of $172.71M in market capitalization. In the last 30 days, New Age Beverages Corporation shares went down by -17.33%, adding 2.77 to growth in value, on top of a +9.05% boost since 10/18/19.
New Age Beverages Corporation (NASDAQ:NBEV) Analyst’s Estimates
New Age Beverages Corporation (NBEV) could record at least -$0.08 per share in quarterly earnings in the upcoming report on 04/06/2020, a number that would actually represent a decrease of -0.16 YOY.
According to the average analyst rating, New Age Beverages Corporation would be rated as Overweight. Out of 4 different analysts monitoring NBEV stock, 3 analysts rate the stock as a BUY, 1 suggest to give the rating of HOLD, 0 indicate that NBEV is an OVERWEIGHT, 0 rated the stock as a SELL, and 0 analyst believes that the stock should be rated as UNDERWEIGHT.
On November 15, 2019, the stock earned a Reiterated rating due to a new analyst call from Alliance Global Partners, while analysts from Northland Capital believe that the stock is set at Market Perform from Outperform, as concluded on July 22, 2019. Alliance Global Partners, is still rather wary about the stock, deciding to keep the rating at Buy as confirmed through a call on March 26, 2019.
Northland Capital, on the other hand, provided a rather enthusiastic opinion on the rating, concluded in an analyst call on September 04, 2018, giving the stock a Outperform rating.
NBEV Key Ratios To Watch:
Taking in account the profitability of the Company, gross profit margin of +13.39% has been attained, while the operating margin has been recorded at -30.84%. The firm is also showcasing profitability through returns on assets in the company’s ownership, with ROA set at -6.84%. Beta value of the stock is recorded at 2.23. Additionally, New Age Beverages Corporation is recording price volatility of 8.90% for the period of the last seven days and 4.85% in the last 30 days.
New Age Beverages Corporation (NASDAQ:NBEV) Technical Outlook
For the period of the last 50 days, New Age Beverages Corporation had its Raw Stochastic average set at 12.75% for the latest technical analysis. In comparison to the period of the last 20 days, the present Raw Stochastic average for the last 50 days poses as improvement, set at 28.36%. Stochastic %K for New Age Beverages Corporation, with the last 20 days included, was set at 25.37%, having Stochastic %D topping 21.52%. Based on the previous performance of the company for the mentioned period, there are more than several recorded moving trends. When it comes to the period of the last 12 months, accounting the time for year-to-date, price performance appears to be discouraging for New Age Beverages Corporation stocks with recording -56.54% in metrics.
New Age Beverages Corporation Insider Watch:
Similarly, 18.43% of the company’s float is held by institutions – and there are 95 institutions in total holding shares of this company. The top three institutional holders of NBEV stocks are: Blackrock Inc. with ownership of $13.56 million, which is approximately 4914206 of the company’s shares; Vanguard Group, Inc. (The), holding 3750229 shares of the stock with an approximate value of $10.35 million; and State Street Corporation, currently with more than 1251069 shares of the company valued at $3.45 million. Positions in New Age Beverages Corporation stocks held by institutional investors has been changing actively in the past six months, a period during which there were 2 insider purchases amounting to 424627 shares. Similarly, there were 5 sale transactions amounting to 125000 shares, with the net shares purchased during the last six months reaching 299,627.