NewAge Inc. (NASDAQ:NBEV) does about 3.09M shares in volume on a normal day but saw 6446949 shares change hands in Monday trading. The company now has a market cap of 206.19M USD and an enterprise value of about $232.43M. Its current market price is $2.17, marking a decrease of 0.00% compared to the previous close of $2.17. The 52 week high reached by this stock is $3.59 whilst the lowest price level in 52 weeks is $0.98. The script in recent trading has seen the stock touch a high of $2.34 and a low of $2.10.
NewAge Inc. (NBEV) has a 20-day trading average at $2.18 and the current price is -39.55% off the 52-week high compared with 121.20% distance from its 52-week low. The 50-day simple moving average of the closing price is $1.94 and its 200-day simple moving average is $1.78. If we look at the stock’s price movements over the week, volatility stands at 5.57%, which increases to 6.69% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 55.05 to suggest the stock is neutral.
3 analysts observing the NewAge Inc. (NBEV) stock have set the 12-month price targets for the company’s shares at between $5.00 and $7.00. The median price target is 63.83% away from the current levels at $6.00.
FactSet Research has provided data showing that 3 brokerages have issued ratings for the stock. 0 analysts have rated it as a sell, while 0 advise that it is a overweight. 2 analysts have rated it as a buy and 1 have advised that investors hold their positions. The consensus recommendation rating is Overweight and Wall Street’s advice is for investors to Moderate Buy the stock.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on November 15, 2019 when Alliance Global Partners reiterated the stock to “Buy” and issued a price target of between $6 and $3.50. Northland Capital downgraded the stock to “Market Perform” from Outperform on July 22, 2019 at a price target of . Alliance Global Partners initiated its price target at $8.
The current price level is -0.65%, 12.16%, and 21.56% away from its SMA20, SMA50, and SMA200 respectively, with the NBEV price moving below the 50-day SMA on August 31. NewAge Inc. (NBEV) stock is up 4.83% over the week and -4.41% over the past month. Its price is 19.23% year-to-date and -28.62% over the past year.
The stock last released its quarterly earnings report for quarter ended 6/29/2020, with the company’s earnings per share (EPS) of -$0.1 below consensus estimates by -$0.01. The company’s next earnings report is expected on 11/17/2020, with forecasts estimating quarterly EPS at -$0.06 and -$0.32 for whole year. NBEV’s earnings per share are forecast to grow by 44.80% this year and 168.80% over next year. Expected sales for next quarter are $92.61 million, which analysts say will come at $289.67 million for the current fiscal year and next year at $520.75 million. In addition, estimates put the company’s current quarterly revenue at an average of $70.69 million.
Its 12-month price target is $6.00. Of course, the average price target is just what the average analysts believe a stock will be worth in the next 52 weeks, and is only one metric. There are analysts with lower targets than the average, including one bearish Wall Street research firm advocating investors to wait for the price to pull back to $5.00, given the recent momentum. And then, on the bullish side of things, one analyst is expecting the stock to peak at $7.00.
Outstanding shares total 93.00M with insiders holding 11.95% of the shares and institutional holders owning 20.32% of the company’s common stock. The company has a return on investment of -69.50% and return on equity of -91.20%. The forward price to earnings ratio is 9.86. The beta has a value of 1.70. Price to book ratio is 2.07 and price to sales ratio is 0.81.
According to a U.S. Securities and Exchange Commission filing, Nationwide Small Cap Index Fund has reduced its position in NewAge Inc. (NBEV) to 8,673 shares, mirroring a recent drop by 0.00%. Nationwide Small Cap Index Fund dumped 0.0 shares of NewAge Inc. common stock bringing its total worth to about $0.0 at the end of recent close, SEC documents show. Nationwide Small Cap Index Fund isn’t the only investment manager who changed stakes and is followed by Nationwide VIT – Small Cap Index , which sold off 0.0 shares to end up with 16,742 shares worth $0.0. Bridge Builder Small/Mid Cap Grow cut their holdings by 0.00% in the company over the course of the most recent quarter. It now holds a 0.00% position in NewAge Inc. thanks to 20811.0 shares amounting to $0.0.