At the time of writing, MINISO Group Holding Ltd ADR [MNSO] stock is trading at $23.66, up 2.78%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The MNSO shares have gain 6.62% over the last week, with a monthly amount drifted -1.66%, and not seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
MINISO Group Holding Ltd ADR [NYSE: MNSO] stock has seen the most recent analyst activity on October 04, 2024, when Citigroup initiated its Buy rating and assigned the stock a price target of $26.80. Previously, JP Morgan downgraded its rating to Neutral on September 25, 2024. On September 24, 2024, downgrade downgraded it’s rating to Hold. BofA Securities downgraded its rating to a Underperform. JP Morgan initiated its recommendation with a Overweight and recommended $30 as its price target on April 30, 2024. Goldman reiterated a Buy rating for this stock on January 17, 2023. In a note dated June 13, 2022, Jefferies initiated an Buy rating.
For the past year, the stock price of MINISO Group Holding Ltd ADR fluctuated between $12.51 and $27.71. Currently, Wall Street analysts expect the stock to reach $18.24 within the next 12 months. MINISO Group Holding Ltd ADR [NYSE: MNSO] shares were valued at $23.66 at the most recent close of the market. An investor can expect a potential drop of -22.91% based on the average MNSO price forecast.
Analyzing the MNSO fundamentals
According to MINISO Group Holding Ltd ADR [NYSE:MNSO], the company’s sales were 2.43B for trailing twelve months, which represents an 20.61% jump. Gross Profit Margin for this corporation currently stands at 0.43% with Operating Profit Margin at 0.2%, Pretax Profit Margin comes in at 0.21%, and Net Profit Margin reading is 0.16%. To continue investigating profitability, this company’s Return on Assets is posted at 0.15, Equity is 0.26 and Total Capital is 0.27. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.2.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 23.20 points at the first support level, and at 22.74 for the second support level. However, for the 1st resistance point, the stock is sitting at 24.02, and for the 2nd resistance point, it is at 24.38.
Ratios To Look Out For
It is important to note that MINISO Group Holding Ltd ADR [NYSE:MNSO] has a current ratio of 2.14. In addition, the Quick Ratio stands at 1.66 and the Cash Ratio stands at 1.42. Considering the valuation of this stock, the price to sales ratio is 3.01, the price to book ratio is 5.41 and price to earnings (TTM) ratio is 19.83.
