Director Brennan Ed acquired 1,195,000 shares in New Age Beverages Corporation (NASDAQ:NBEV) for $1,225,232 in transaction occurred on 2018/08/24. After making this transaction, the Director owns a direct stake of 1,553,500 shares, worth $7,571,934, as per the last closing price. On 2018/08/24 Fea Gregory, Director at NBEV, purchased 39,000 shares at an average price of $1.28 per share. The new stake is valued at $427,854.
Separately, it had been reported that some other NBEV insiders also took part of the insider trading activity. CEO, Willis Brent D had invested in 78,000 shares for $1,928,546 through a trade on 2018/08/24. Following this activity, the insider holds 99,840 shares worth $11,918,414 as of recent close. Wall Street’s most bullish New Age Beverages Corporation (NASDAQ:NBEV) analysts are predicting the share price to blow past $11 per share during the next 12 months. The current median share price forecast by them is $8, suggesting that the stock could increase 29.45% in that time frame. The average price target of $7.67 calls for a nearly 24.11% increase in the stock price.
New Age Beverages Corporation (NBEV) trading activity significantly weakened as the volume at ready counter decreased to 10,366,293 shares versus 12,795,365 in average daily trading volume over the past 20 days. So far this year, the volume has averaged about 9,794,150 shares. The share price rose 2.32% in recent trade and currently has a stock-market value of $452.13M. The shares finished at $6.18, after trading as low as $6.1 earlier in the session. It hit an intraday high Friday at $6.415. The stock is now 375.38% above against its bear-market low of $1.3 on August 23, 2018. It has retreated -61.65% since it’s 52-week high of $9.99 reached in September. Now the market price is up 141.88% on the year and up 18.85% YTD.
NBEV’s 50 day simple moving average (SMA 50) price is $4.86 and its 200-day simple moving average (SMA 200) price is $3.22. The company’s stock currently has a total float of 52.85M shares. Its weekly volatility is hovering around 8.78% and felt 11.05% volatility in price over a month. On the upside, the share price will test short term resistance at around $6.36. On a downside, the stock is likely to find some support, which begins at $6.05. The failure to get near-term support could push it to $5.92.
It had seen a negative analyst call from Maxim Group, which downgraded the stock from Buy to Hold on September 21. Analysts at Northland Capital, started covering the stock on September 04 with a Outperform rating. Brokerage firm Maxim Group, looks cautious as they stick to prior recommendation of Buy, in a call on November 17. However, they did change the target price from $7.50 to $6.
Also, it is trading at rather expensive levels at just over 2.99x price/book and 9.15x price/sales. Compared to others, New Age Beverages Corporation is in a different league with regards to profitability, having net margins of -29.1%. To put some perspective around this, the industry’s average net margin is 48.56%. NBEV’s ROE is -23.5%, which is also considerably worse than the industry’s ROE of 13.07%. It’s also very liquid in the near term, with a current ratio of 15.7. The stock has a debt/capital of 0.05.
Shares of New Age Beverages Corporation (NBEV) have gained 97.4% since the company’s Mar-19 earnings report. Over the past 3 fiscal quarters, New Age Beverages Corporation (NASDAQ:NBEV) has topped consensus earnings estimates in 2 quarters (20%), missed earnings in 1 quarters (10%), whereas at 0 occasion EPS met analyst expectations. NBEV last reported earnings on November 14, 2018 when it released Sep-18 results that receded expectations. The company raked in -$0.08 per share, -99.87% change on the same period last year. That was worse than consensus for -$0.05. Revenue for the recent quarter stood at $13.24 million, down -12% on last year and below the $14.68 million predicted by analysts. For this quarter, Wall Street analysts forecast revenue in a range of $13.87 million to $17.34 million, which should be compared with $20.92 million generated last year. EPS is seen in a range of -$2.00E-02 to $0.02, against the $0.08 reported a year ago.