NewAge Inc. News: Why NBEV Stock Is Trending Lower Today

NewAge Inc. [NBEV] stock is down -2.54 while the S&P 500 has fallen -0.17% on Friday, 12/04/20. While at the time of this article, NBEV ATR is sitting at 0.22, with the beta value at 2.04. This stock’s volatility for the past week remained at 5.13%, while it was 7.31% for the past 30-day period. NBEV has fallen -$0.08 from the previous closing price of $3.35 on volume of 1.02 million shares.

On 1, December 2020, NewAge Upgrades Financial Flexibility With the Addition of a New $30 Million Debt Facility. According to news published on Yahoo Finance, Total unrestricted cash balance now in excess of $50MM.

Analyst Birdseye View:

The most recent analyst activity for NewAge Inc. [NASDAQ:NBEV] stock was on July 22, 2019, when it was Downgrade with a Market perform rating from Northland Capital. Before that, on November 15, 2019, Alliance Global Partners Recapitulated a Buy rating and elevated its amount target to $3.50. On March 26, 2019, Alliance Global Partners Initiated a Buy rating and boosted its price target on this stock to $8. On September 21, 2018, Maxim Group Downgrade a Hold rating. On September 04, 2018, Northland Capital Initiated an Outperform rating and increased its price target to $3. On November 17, 2017, Maxim Group Reiterated a Buy rating and boosted its amount target on this stock to $6. On July 27, 2017, ROTH Capital Initiated a Buy rating and boosted its target amount on this stock to $7.50. On May 04, 2017, Maxim Group Initiated a Buy rating and amplified its amount target to $6.

In the past 52 weeks of trading, this stock has oscillated between a low of $0.98 and a peak of $3.49. Right now, according to Wall Street analyst the average 12-month amount target is $5.00. At the most recent market close, shares of NewAge Inc. [NASDAQ:NBEV] were valued at $3.27. According to the average price forecast, investors can expect a potential return of 0.0%.

FUNDAMENTAL ANALYSIS

NewAge Inc. [NASDAQ:NBEV] most recently reported quarterly sales of 62.72 billion, which represented growth of -10.20%. This publicly-traded organization’s revenue is $271,636 per employee, while its income is -$96,183 per employee. This company’s Gross Margin is currently 60.10%, its Operating Margin is -39.40%, its Pretax Margin is -30.42, and its Net Margin is -35.41. Continuing to look at profitability, this corporation’s Return on Assets, Equity, Whole Principal & invested Principal is sitting at -33.39, -72.80, -26.51 and -55.00 respectively.

The Principal structure of this organization shows its whole liability to whole principal at 46.97 and the whole liability to whole assets at 32.55. It shows enduring liability to the whole principal at 37.27 and enduring liability to assets at 0.26 while looking for an extended time period.

Readers are usually of view to make a close observation to the indicators that support and make resistance before moving to any particular stock. As of now, the company’s stock is sitting at 3.28 points at 1st support level, the second support level is making up to 3.21. But as of 1st resistance point, this stock is sitting at 3.40 and at 3.45 for 2nd resistance point.

NewAge Inc. [NBEV] reported its earnings at -$0.11 per share in the fiscal quarter closing of 9/29/2020. The Analysts for Wall Street were expecting to report its earnings at -$0.06/share signifying the difference of -0.05 and -83.30% surprise value. Comparing the previous quarter ending of 6/29/2020, the stated earnings were -$0.1 calling estimates for -$0.09/share with the difference of -0.01 depicting the surprise of -11.10%.

Important Ratio’s To Watch

Meanwhile, turning our focus to liquidity, the Current Ratio for NewAge Inc. [NASDAQ:NBEV] is 1.40. Likewise, the Quick ratio is also the same, showing Cash ratio at 0.77. Now if looking for a valuation of this stock’s amount to sales ratio it’s 0.55 and it’s amount to book ratio is 1.61.

Insider Stories

The most recent insider trade was by Kapteyn Reginald, Director, and it was the sale of 15000.0 shares on Jun 05. HAAS TIMOTHY J, the Director, completed a purchase of 100000.0 shares on Dec 16.