MINISO Group Holding Limited (NYSE:MNSO) saw an upside of 9.77% to close Tuesday at $22.35 after adding $1.99 on the day. The 5-day average trading volume is 1,344,400 shares of the company’s common stock. It has gained $22.46 in the past week and touched a new high 3 times within the past 5 days. An average of 1,198,255 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 1,074,292.
MNSO’s 1-month performance is 9.88% or $3.80 on its low of $18.61 reached on 08/11/23. The company’s shares have touched a 52-week low of $4.45 and high of $21.56, with the stock’s rally to the 52-week high happening on 08/22/23. YTD, MNSO has achieved 108.29% or $11.62 and has reached a new high 27 times. However, the current price is up 3.66% from the 52-week high price.
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Valuation Metrics
MNSO stock has a beta of 0.43. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 4.97 while the price-to-book (PB) in the most recent quarter is 6.19.
MINISO Group Holding Limited’s quick ratio for the period ended March 30 was 2.10, with the current ratio over the same period at 2.50. As well, the company’s long term debt to equity for the quarter ending March 30 was 0.05, while the total debt to equity was 0.08.. In terms of profitability, the gross margin trailing 12 months is 37.20%. The trailing 12-month EBITDA margin is 11.65% while for the period ending March 30, MINISO Group Holding Limited’s operating margin was 17.10%. The firm’s gross profit as reported stood at $475.51 million against revenue of $1.56 billion.
Earnings Surprise
For the quarterly period ending March 30 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 100.0% to -$212.27 million, while revenue of $0.0 was 100.0% off the previous quarter. Analysts expected MNSO to announce $0.16 per share in earnings in its latest quarter, but it posted $0.21, representing a 31.20% surprise. MNSO stock balance sheet for the quarter ending March 30 shows that total liabilities totaled 622.83 million, with total debt at $679.48 million.
Let’s look briefly at MINISO Group Holding Limited (MNSO) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 22 August was 68.47% to suggest the stock is trending Neutral, with historical volatility in this time period at 69.47%.
The stock’s 5-day moving average is $20.63, reflecting a +7.61% or $1.58 change from its current price. MNSO is currently trading +9.88% above its 20-day SMA, +36.86% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +30.40% and SMA200 by+280.10%.
Stochastic %K and %D was 70.98% and 61.44% and the average true range (ATR) pointed at 1.17. The RSI (14) points at 65.04%, while the 14-day stochastic is at 97.14% with the period’s ATR at 1.10. The stock’s 9-day MACD Oscillator is pointing at 0.59 and 0.49 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for MINISO Group Holding Limited (NYSE: MNSO), Goldman reiterated its a Buy rating for the company but lifted their price target.
