NewAge Inc. (NBEV) Stock: Should Investors Follow These Insider Trades?

NewAge Inc. (NASDAQ:NBEV) saw an upside of 1.44% to close Friday at $1.41 after adding $0.02 on the day. The 5-day average trading volume is 821,000 shares of the company’s common stock. It has gained $1.4600 in the past week and touched a new high 1 time within the past 5 days. An average of 1,097,065 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 1,088,458.

NBEV’s 1-month performance is -18.50% or -$0.3200 on its low of $1.3500 reached on 09/20/21. The company’s shares have touched a 52-week low of $1.35 and high of $4.55, with the stock’s rally to the 52-week high happening on 02/10/21. YTD, NBEV has lost -46.39% or -$1.2200 and has reached a new high 10 times. However, the current price is down -69.01%% from the 52-week high price.

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Valuation Metrics

NewAge Inc. (NBEV) has a trailing price-to-earnings (P/E) ratio of 23.88 for the broader industry and 24.31 for the sector, meaning that investors are optimistic about the stock’s future prospects. NBEV stock has a beta of 1.17. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 0.49 while the price-to-book (PB) in the most recent quarter is 0.91.

NewAge Inc.’s quick ratio for the period ended June 29 was 1.10, with the current ratio over the same period at 1.50 meaning that NBEV stock is able to fulfill its debt obligations. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.12, while the total debt to equity was 0.21. In terms of profitability, the gross margin trailing 12 months is 66.80%The trailing 12-month EBITDA margin is -4.76% while for the period ending June 29; NewAge Inc.’s operating margin was -7.20%. The firm’s gross profit as reported stood at $177.49 million against revenue of $279.47 million.

The effectiveness of a company’s management is also important for investors when it comes to determining the potential profitability of the investment. NewAge Inc.’s return on assets over the past 12 months stands at -4.70%. Return on investment over the past year is -18.90%, while its return on equity (ROE) trailing 12 months is -12.00%. In comparison, the average ROE for the broader industry over the past year is 9.65.

Earnings Surprise

For the quarterly period ending June 29 this year, Net income and sales went down compared to those figures reported in the previous quarter. Analysts expected NBEV to announce -$0.02 per share in earnings in its latest quarter, but it posted -$0.04, representing a -100.00% surprise. EBITDA for the quarter stood at more than -$2.73 million. NBEV stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 229.85 million, with total debt at $68.67 million. Shareholders hold equity totaling $136.79 million

Technical Picture

Let’s look briefly at NewAge Inc. (NBEV) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 01 October was 36.39% to suggest the stock is trending Neutral, with historical volatility in this time period at 36.88%.

The stock’s 5-day moving average is $1.3960, reflecting a -1.40% or -$0.0200 change from its current price. NBEV is currently trading -21.67% above its 20-day SMA, -36.77% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by -28.06% and -48.35% respectively.

Stochastic %K and %D was 17.19% and 13.17% and the average true range (ATR) pointed at 0.0598. The RSI (14) points at 34.19%, while the 14-day stochastic is at 27.27% with the period’s ATR at 0.0663. The stock’s 9-day MACD Oscillator is pointing at -0.0222 and -0.0231 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for NewAge Inc. (NASDAQ: NBEV), Alliance Global Partners reiterated its a Buy rating for the company but lifted their price target by $6 to $3.50. Analysts offering their rating for NBEV stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate NBEV as a “sell,”, while 1 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 2 have offered a “buy” rating.

What is NBEV’s price target for the next 12 months?

Analysts have a consensus price target ranging from a low of $5.00 and a high of $6.00, with their median price target at $5.50. Looking at these predictions, the average price target given by analysts is for NewAge Inc. (NBEV) stock is $5.50.


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