New Age Beverages (NBEV) stock: still riding high

2:27 am ET, 01 Oct 2018

New Age Beverages Corporation (NBEV) shares are trading at $5.60. The NBEV stock price surged again most recently after three straight days of sharp declines as the company continues to ride the broader volatility in the marijuana sector.  What's driving NBEV stock price? What's NBEV stock price forecast?

New Age Beverage Corporation is engaged in the development, marketing, and distribution of primarily ready-to-drink beverages. Lately, the stock has performed well and has yielded a return of 106% in the past year. NBEV has been in the news recently because of M&A rumors and the launch of new CBD-infused beverages.

Investors are bullish about the company because of the potential success of CBD-infused drinks. On the other hand, a portion of investors is worried because of NBEV's mounting losses. The last quarter’s revenue fell 12% to $13.36 million and earnings per share were -$0.09 compared to $0.08 for the same period last year. The company made a secondary offering of $50 million last week.

NBEV recently announced that it's launching a new portfolio of cannabidiol-infused beverages. Coca-Cola also showed some interest in the cannabis drinks business which sent most cannabis stocks including New Age Beverage soaring.

What is the sentiment towards NBEV? Our technical analysis shows that:

  • The stock short-term sentiment (next 30 days) is trending positive;
  • The mid-term sentiment (3-6 months) is trending positive;
  • The long-term sentiment (9-12 months) is trending positive. 

Over the last month, New Age Beverages Corporation (NBEV) returned +286.79%. 

New Age Beverages Corporation (NBEV) short share of float is 12.98%. The stock is much more frequently shorted than the average industry, sector or S&P 500 stock.

New Age Beverages Corporation (NBEV) average analyst price target ($3.50) is -43.09% below its current price ($6.15).

For the latest price and information on New Age Beverages Corporation, please visit Finstead and search for "NBEV price" or "NBEV news".

New Age Beverages Corporation (NBEV) Stock Guide

Updated at: 9:59 pm ET, 18 Sep 2020

Before we start: if you're looking for NBEV stock price, you can quickly find it out by visiting Finny and typing "NBEV quote". If you're looking for a quick scoop on NBEV stock (chart, price target, market cap, news and buy or sell analysis), go to Finny and look for "NBEV". You'll get all this info in one place. Or you can just type "NBEV news" to get the latest stock news.

Looking to buy or sell New Age Beverages Corporation (NBEV)? Interested in getting the full scoop on NBEV, including earnings and dividends, stock forecast, buy or sell analysis and key stats? If so, you came to the right place.

In this NBEV stock guide, we'll address key questions about NBEV, above and beyond what you can find on Yahoo Finance, Zacks, MarketWatch or Morningstar.

Here is what you'll be able to find in this guide:

Earnings and Dividends: earnings, earnings date, dividend rate and dividend yield;
Analyst Predictions: stock forecast and analyst ratings;
Analysis: Finny Score and buy or sell analysis;
Key Stats: revenue, market cap, revenue growth, profit margin, P/E ratio, P/B ratio, industry, sector, and number of employees.

And here is the list of questions we'll answer:
1. What are NBEV earnings?
2. What is NBEV stock forecast (i.e., prediction)?
3. NBEV buy or sell? What is NBEV Finny Score?
4. What are the reasons to buy NBEV? Why should I buy NBEV stock?
5. What are the reasons to sell NBEV? Why should I sell NBEV stock?
6. What are NBEV key stats: revenue, market cap, revenue growth, profit margin, P/E ratio, P/B ratio industry, sector, and number of employees?

So let's start. Scroll down to the question that interests you the most.

Earnings and Dividends

1. What are NBEV earnings?

NBEV trailing 12-month earnings per share (EPS) is -$1.16.

Analyst Predictions

2. What is NBEV stock forecast (i.e., prediction)?

Based on NBEV analyst price targets, NBEV stock forecast is $6.00 (for a year from now). That means the average analyst price target for NBEV stock is $6.00. The prediction is based on 3 analyst estimates.

The low price target for NBEV is $5.00, while the high price target is $7.00.

NBEV analyst rating is Buy.

Analysis

3. NBEV buy or sell? What is NBEV Finny Score?

#{finnyScore:70}Our quantitative analysis shows 7 reasons to buy and 3 reasons to sell NBEV, resulting in Finny Score of 70.

4. What are the reasons to buy NBEV? Why should I buy NBEV stock?

Here are the reasons to buy NBEV stock:

5. What are the reasons to sell NBEV? Why should I sell NBEV stock?

Let's look at the reasons to sell NBEV stock (i.e., the bear case):

  • NBEV quarterly revenue growth was -5.60%, lower than the industry and sector average revenue growth (1.08% and 1.12%, respectively). See NBEV revenue growth chart.
  • NBEV Price/Book ratio is 2.15, which is high compared to its industry peers’ P/B ratios. See NBEV forward Price/Book ratio chart.
  • NBEV short share of float is 10.20%. The stock is much more frequently shorted than the average industry, sector or S&P 500 stock. See NBEV short share of float chart.

Key Stats

6. What are NBEV key stats : revenue, market cap, revenue growth, profit margin, P/E ratio, P/B ratio industry, sector, and number of employees?

Let's look at the key statistics for NBEV:

Metrics NBEV
Price $1.64
Average Price Target / Upside $6.00 / 266.97%
Average Analyst Rating Buy
Forward Dividend Yield 0.00%
Industry Beverages - Soft Drinks
Sector Consumer Defensive
Number of Employees 162
Market Cap $208.14M
Forward P/E Ratio 9.68
Price/Book Ratio 0.82
Revenue (TTM) $255.38M
YoY Quarterly Revenue Growth -5.60%
Profit Margin -38.26%

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