As of Thursday close, MINISO Group Holding Limited’s (NYSE:MNSO) stock was down -$0.35, moving down -1.37 percent to $25.14. The average number of shares traded per day over the past five days has been 2,872,420 shares. 1 time new highs have been achieved over the past 5 days, with a -$4.50 fall in that time frame. In the last twenty days, the average volume was 2,350,655, while in the previous 50 days, it was 1,630,484.
Since last month, MNSO stock rose 12.48%. Shares of the company fell to $21.21 on 08/22/23, the lowest level in the past month. A 52-week high of $29.92 was reached on 09/15/23 after having rallying from a 52-week low of $4.45. Since the beginning of this year, MNSO’s stock price has risen by 134.30% or $14.41, and marked a new high 36 times. However, the stock has declined by -15.98% since its 52-week high.
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Valuation Metrics
Right now, MINISO Group Holding Limited (MNSO) has a P/E ratio of about 32.44. The stock’s beta is 0.36. Besides these, the trailing price-to-sales (P/S) ratio of 5.21, the price-to-book (PB) ratio of 6.45.
The latest dividend of $0.4120 per share was paid out, which is 171.05% more than last year’s $0.1520. On Tuesday August 22 2023, a $0.26 dividend increase was announced.
Financial Health
In the three months ended June 30, MINISO Group Holding Limited’s quick ratio stood at 2.20, while its current ratio was 2.50, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending June 30 was 0.06, and the total debt-to-equity ratio was 0.10. On the profitability front, the trailing twelve-month gross margin is 38.70% percent. In the year ended June 30, operating margins totaled 19.40%. Based on annual data, MNSO earned $612.73 million in gross profit and brought in $1.58 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 17.10%. Return on equity (ROE) for the past 12 months was 21.80%.
According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. While analysts expected MINISO Group Holding Limited to report $0.22 quarterly earnings, the actual figure was $0.25 per share, beating the consensus estimate by 13.60%. The liabilities of MINISO Group Holding Limited were 622.83 million at the end of its most recent quarter ended June 30, and its total debt was $892.95 million.
Technical Picture
This quick technical analysis looks at MINISO Group Holding Limited’s (MNSO) price momentum. With a historical volatility rate of 59.21%, the RSI 9-day stood at 42.89% on 21 September.
With respect to its five-day moving average, the current MINISO Group Holding Limited price is down by -15.18% percent or -$4.50. At present, MNSO shares trade +7.85% above its 20-day simple moving average and +36.33% percent above its 100-day simple moving average. However, the stock is currently trading approximately +40.29% above its SMA50 and +110.20% above its SMA200.
Stochastic coefficient K was 14.42% and Stochastic coefficient D was 30.16%, while ATR was 1.35. Given the Stochastic reading of 11.15% for the 14-day period, the RSI (14) reading has been calculated as 50.59%. As of today, the MACD Oscillator reading stands at -1.78, while the 14-day reading stands at -1.59.
Analyst Ratings
Goldman reiterated its a Buy rating on MINISO Group Holding Limited (NYSE: MNSO) in a note to investors. MINISO Group Holding Limited (MNSO) has been rated Buy by analysts. According to 0 brokerage firms, MNSO is a sell, and 0 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 2 analysts rate MINISO Group Holding Limited stock as buy, with 15 recommending it as overweight.
With a median target price of $187.43, the current consensus forecast for the stock is $48.25 – $236.35. Based on these forecasts, analysts predict MINISO Group Holding Limited (MNSO) will achieve an average price target of $176.81.
