In the past week, TAP stock has gone down by -3.16%, with a monthly decline of -11.73% and a quarterly plunge of -0.48%. The volatility ratio for the week is 3.34%, and the volatility levels for the last 30 days are 2.25% for Molson Coors Beverage Company The simple moving average for the past 20 days is -5.21% for TAP’s stock, with a -4.15% simple moving average for the past 200 days.
Is It Worth Investing in Molson Coors Beverage Company (NYSE: TAP) Right Now?
Molson Coors Beverage Company (NYSE: TAP) has a price-to-earnings ratio that is above its average at 12.22x. The stock has a 36-month beta value of 0.88. Opinions on the stock are mixed, with 3 analysts rating it as a “buy,” 4 as “overweight,” 12 as “hold,” and 2 as “sell.”
The public float for TAP is 170.23M, and at present, short sellers hold a 5.32% of that float. On January 15, 2025, the average trading volume of TAP was 1.77M shares.
TAP) stock’s latest price update
The stock of Molson Coors Beverage Company (NYSE: TAP) has increased by 0.71 when compared to last closing price of 53.81. Despite this, the company has experienced a -3.16% fall in its stock price over the last five trading sessions. zacks.com reported 2025-01-09 that Wondering how to pick strong, market-beating stocks for your investment portfolio? Look no further than the Zacks Style Scores.
Analysts’ Opinion of TAP
Many brokerage firms have already submitted their reports for TAP stocks, with BofA Securities repeating the rating for TAP by listing it as a “Buy.” The predicted price for TAP in the upcoming period, according to BofA Securities is $70 based on the research report published on December 06, 2024 of the previous year 2024.
Needham, on the other hand, stated in their research note that they expect to see TAP reach a price target of $72. The rating they have provided for TAP stocks is “Buy” according to the report published on December 06th, 2024.
Exane BNP Paribas gave a rating of “Neutral” to TAP, setting the target price at $64 in the report published on November 25th of the previous year.
TAP Trading at -8.19% from the 50-Day Moving Average
After a stumble in the market that brought TAP to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -21.67% of loss for the given period.
Volatility was left at 2.25%, however, over the last 30 days, the volatility rate increased by 3.34%, as shares sank -11.08% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -2.33% lower at present.
During the last 5 trading sessions, TAP fell by -3.16%, which changed the moving average for the period of 200-days by -19.53% in comparison to the 20-day moving average, which settled at $57.17. In addition, Molson Coors Beverage Company saw -5.46% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at TAP starting from Joubert Tracey, who sale 2,771 shares at the price of $60.37 back on Feb 12 ’24. After this action, Joubert Tracey now owns 60,538 shares of Molson Coors Beverage Company, valued at $167,285 using the latest closing price.
Stock Fundamentals for TAP
Current profitability levels for the company are sitting at:
- 0.13 for the present operating margin
- 0.38 for the gross margin
The net margin for Molson Coors Beverage Company stands at 0.08. The total capital return value is set at 0.06. Equity return is now at value 7.05, with 3.53 for asset returns.
Based on Molson Coors Beverage Company (TAP), the company’s capital structure generated 0.32 points at debt to capital in total, while cash flow to debt ratio is standing at 0.3.
Currently, EBITDA for the company is 2.16 billion with net debt to EBITDA at 2.1. When we switch over and look at the enterprise to sales, we see a ratio of 1.4. The receivables turnover for the company is 11.47for trailing twelve months and the total asset turnover is 0.44. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.99.
Conclusion
To sum up, Molson Coors Beverage Company (TAP) has seen a bad performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
