MINISO Group Holding Ltd ADR (NYSE: MNSO) – Time For Strategy Change?

MINISO Group Holding Ltd ADR (NYSE:MNSO) currently has a daily average trading volume of 1.84M but it saw 9810838 shares traded in last market. With a market cap of 4.79B USD, the company’s current market price of $15.43 came rising about 10.21 while comparing to the previous closing price of $14.00. In past 52 weeks, the stock remained buoying in the range of price level as high as $27.87 and as low as $12.51. In the recent trading on the day, stock has struck highest price mark of $15.07 while lowest mark touched by it was $16.75.

Taking a look at 20-day trading activity of MINISO Group Holding Ltd ADR (MNSO) gives us an average price of $15.74, while its current price level is -44.64% below from 52-week high level whereas it is 23.34% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $15.88 while that of 200 days or SMA-200 reads an average of $19.23. A closer look into the stock’s movement over the week reveals that its volatility is standing at 8.02% during that period while stretching the period over a month that decreases to 5.05%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 49.06 which implies that the stock is in neutral territory.

Over the week, MNSO’s stock price is moving -7.38% down while it is -0.77% when we observe its performance for the past one month. Year-to-date it is -23.26% down and over the past year, the stock is showing a downside performance of -40.70%.

Currently, MINISO Group Holding Ltd ADR’s total number of outstanding shares is 310.83M. Company’s return on investment (ROI) stands at 23.93% and return on equity (ROE) at 28.78%. It has a price to earnings ratio (P/E ratio) of 13.12 while having a 10.12 of forward P/E ratio. Stock’s beta reads 0.17. Stock has a price to book (P/B) ratio of 3.59 while price to sale or P/S ratio amounts to 2.06. Its return on asset (ROA) is 18.35% on average.