NewAge Inc. (NBEV) Price Target: Is It Set To Rise Or Fall In Price?

NewAge Inc. (NASDAQ:NBEV) finished Friday with an addition of $0.04 to close at $1.53, an upside of 2.68 percent. An average of 589,900 shares of common stock have been traded in the last five days. There was a gain of $0.0600 in the past week, and it reached a new high 11 times over the past 12 months. The last 20 days have seen an average of 667,640 shares traded, while the 50-day average volume stands at 911,866.

NBEV stock has increased by 4.08% in the last month. The company shares reached their 1-month lowest point of $1.3500 on 10/05/21. With the stock rallying to its 52-week high on 02/10/21, shares of the company touched a low of $1.35 and a high of $4.55 in 52 weeks. It has reached a new high 10 times so far this year and lost -41.83% or -$1.1000 in price. In spite of this, the price is down -66.37% from the 52-week high.

3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free


Valuation Metrics

NewAge Inc. (NBEV) has a trailing price-to-earnings (P/E) ratio of 18.70 for the broader industry and 25.23 for the sector. The stock’s beta is 1.23. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.53, the price-to-book (PB) ratio at 0.99.

The quick ratio of NewAge Inc. for the three months ended June 29 was 1.10, and the current ratio was 1.50, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.12 and a total debt to equity ratio of 0.21 for the quarter ending June 29. NewAge Inc.’s EBITDA margin for the year ending June 29 is -4.76%, while its operating margin for the same period stands at -7.20%. Its gross profit as reported stood at $177.49 million compared to revenue of $279.47 million.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, NewAge Inc.’s return on assets was -4.70%. For the broader industry, ROE averaged 14.55 over the past year.

Earnings Surprise

For the three-month period that ended June 29, NewAge Inc. had $12.06 million in total debt. In the quarter under review, the net income was down than the previous quarter. The company posted a net income of $17.37 million in the quarter, while revenues of -$17.77 million were grew 166.9%. The analyst consensus anticipated NewAge Inc.’s latest quarter earnings to come in at -$0.02 per share, but it turned out to be -$0.04, a -100.00% surprise. For the quarter, EBITDA amounted to -$2.73 million. Shareholders own equity worth $136.79 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at NewAge Inc. (NBEV) price momentum. RSI 9-day as of the close on 22 October was 63.81%, suggesting the stock is Neutral, with historical volatility in this time frame at 33.43%.

As of today, NBEV’s price is $1.4780 +4.08% or $0.0600 from its 5-day moving average. NBEV is currently trading +6.99% higher than its 20-day SMA and -38.55% lower than its 100-day SMA. However, the stock’s current price level is -23.50% below the SMA50 and -47.06% below the SMA200.

The stochastic %K and %D were 86.71% and 75.98%, respectively, and the average true range (ATR) was 0.0563. With the 14-day stochastic at 100.00% and the average true range at 0.0589, the RSI (14) stands at 55.38%. The stock has reached 0.0344 on the 9-day MACD Oscillator while the 14-day reading was at 0.0548.

Analyst Ratings

Alliance Global Partners reiterated its a Buy rating on NewAge Inc. (NASDAQ: NBEV), but raised their price target to $6, indicating a potential price increase of 74.5% for the stock.


Please enter your comment!
Please enter your name here


Hot Topics

Related Videos

Related Videos

Related Articles



Download Free eBook For



100% free. stop anytime no spam