With 310.83M Outstanding Shares, Can MINISO Group Holding Ltd ADR (NYSE: MNSO) Deliver Big Short-Term Gains?

MINISO Group Holding Ltd ADR (NYSE:MNSO) currently has a daily average trading volume of 2.32M but it saw 3457927 shares traded in last market. With a market cap of 5.89B USD, the company’s current market price of $18.96 came falling about -0.21 while comparing to the previous closing price of $19.00. 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 $17.95 while lowest mark touched by it was $19.11.

Taking a look at 20-day trading activity of MINISO Group Holding Ltd ADR (MNSO) gives us an average price of $16.17, while its current price level is -31.98% below from 52-week high level whereas it is 51.56% 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 $15.97 while that of 200 days or SMA-200 reads an average of $19.21. A closer look into the stock’s movement over the week reveals that its volatility is standing at 9.66% during that period while stretching the period over a month that decreases to 6.04%. 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 64.80 which implies that the stock is in neutral territory.

Over the week, MNSO’s stock price is moving 22.88% up while it is 11.92% when we observe its performance for the past one month. Year-to-date it is -5.70% down and over the past year, the stock is showing a downside performance of -23.57%.

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 16.12 while having a 12.40 of forward P/E ratio. Stock’s beta reads 0.16. Stock has a price to book (P/B) ratio of 4.41 while price to sale or P/S ratio amounts to 2.53. Its return on asset (ROA) is 18.35% on average.