As of Friday close, Molson Coors Beverage Company’s (NYSE:TAP) stock was down -$1.57, moving down -3.05 percent to $49.91. The average number of shares traded per day over the past five days has been 2,263,680 shares. 2 times new highs have been achieved over the past 5 days, with a -$2.40 fall in that time frame. In the last twenty days, the average volume was 2,109,180, while in the previous 50 days, it was 1,761,050.
Since last month, TAP stock retreated -4.59%. Shares of the company fell to $49.56 on 03/17/23, the lowest level in the past month. A 52-week high of $60.12 was reached on 02/21/23 after having rallying from a 52-week low of $46.69. Since the beginning of this year, TAP’s stock price has dropped by -3.13% or -$1.61, and marked a new high 8 times. However, the stock has declined by -16.98% since its 52-week high.
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Sponsored
TAP stock investors should be aware that Molson Coors Beverage Company (TAP) stock had its last reported insider trading activity 227 days ago on Aug 03. Winnefeld James A Jr, the Director of the company, purchased of 200 shares for $53.45 on Aug 03. It resulted in a $10,690 investment by the insider.
Valuation Metrics
The stock’s beta is 0.86. Besides these, the trailing price-to-sales (P/S) ratio of 0.96, the price-to-book (PB) ratio of 0.85, and the price-to-cash flow ratio of 20.12 may also be considered.
The latest dividend of $0.41 per share was paid out, which is 7.89% more than last year’s $0.38. On Monday February 20 2023, a $0.03 dividend increase was announced.
Financial Health
In the three months ended December 30, Molson Coors Beverage Company’s quick ratio stood at 0.50, while its current ratio was 0.80, showing that the company is not able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending December 30 was 0.49, and the total debt-to-equity ratio was 0.52. On the profitability front, the trailing twelve-month gross margin is 34.20% percent. In the year ended December 30, operating margins totaled 1.50%. Based on annual data, TAP earned $3.66 billion in gross profit and brought in $10.7 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 0.20%. Return on equity (ROE) for the past 12 months was -1.30%.
In Molson Coors Beverage Company’s quarter-end financial report for December 30, it reported total debt of $6.17 billion. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. TAP’s revenue rose 378.15% to $1.57 billion during the quarter, while net income inched up to -$1.24 billion. While analysts expected Molson Coors Beverage Company to report $1.07 quarterly earnings, the actual figure was $1.3 per share, beating the consensus estimate by 21.50%. During the quarter, the company generated $504.2 million in EBITDA. The liabilities of Molson Coors Beverage Company were 12.95 billion at the end of its most recent quarter ended December 30, and its total debt was $6.71 billion. The value of shareholders’ equity is $216.29 million.
Technical Picture
This quick technical analysis looks at Molson Coors Beverage Company’s (TAP) price momentum. With a historical volatility rate of 24.82%, the RSI 9-day stood at 27.29% on 17 March.
With respect to its five-day moving average, the current Molson Coors Beverage Company price is down by -4.59% percent or -$2.40. At present, TAP shares trade -2.90% below its 20-day simple moving average and +1.53% percent above its 100-day simple moving average. However, the stock is currently trading approximately -2.82% below its SMA50 and -10.62% below its SMA200.
Stochastic coefficient K was 19.06% and Stochastic coefficient D was 20.19%, while ATR was 1.39. Given the Stochastic reading of 5.72% for the 14-day period, the RSI (14) reading has been calculated as 35.21%. As of today, the MACD Oscillator reading stands at -1.07, while the 14-day reading stands at -1.42.
Analyst Ratings
Citigroup launched its rating on Molson Coors Beverage Company (NYSE: TAP) to a Neutral in a note to investors on February 17, 2023. Molson Coors Beverage Company (TAP) has been rated Hold by analysts. According to 5 brokerage firms, TAP is a sell, and 11 firms recommend it is a Hold. There are 1 analyst who say the stock is underweight. A total of 1 analyst rate Molson Coors Beverage Company stock as buy, with 4 recommending it as overweight.
With a median target price of $54.00, the current consensus forecast for the stock is $48.00 – $68.00. Based on these forecasts, analysts predict Molson Coors Beverage Company (TAP) will achieve an average price target of $54.68.