Thanks to a 0 sell/buy ratio, New Age Beverages Corporation (NASDAQ:NBEV) insider buying over the last three months picked up more than selling did. When insiders buy more shares of their company stock, it’s generally for one reason only: With inside knowledge of their company’s prospects, they expect the stock price to rise soon. NBEV recorded 0 sales on the open market in the last three months. They sold nearly zero shares while purchases amounted to 6,907,738 shares that period. Looking even further back to 12 months, corporate insiders offloaded 5,127,000 shares when buyers snapped up 10,346,559 shares. The 12-month’s totals signify about a 0.5-to-1 sell/buy ratio.
Brennan Ed gathered a total of 1.2 million shares of New Age Beverages Corporation (NBEV) at average share price of $1.3. This insider trade in the company took place on 08/24/2018. The total for the purchase was set at $1.55 million. After this transaction, the Director account balance stood at 1.23 million shares. The stock grew 375.38 percent since that insider purchase. On 08/24/2018, Fea Gregory, Director, purchased 39 thousand shares at a price per share of $1.28. This added 49.92 thousand shares to the insider’s fortune and the stock saw a 382.81 percent rally in value since the news became public. This transaction left 69.23 thousand shares in the Director account.
On 08/24/2018, CEO Willis Brent D performed a purchase transaction worth $99.84 thousand. This purchase at $1.28 each has added 78 thousand shares into the insider’s portfolio position. Meanwhile, shares have recorded 382.81 percent increase since the transaction was reported. The insider now is left with 1.93 million shares remaining in the account. Evans Robert J., who performs the Director job, bought 100 thousand shares for $128 thousand. The acquisition occurred on 08/24/2018 was priced at $1.28 per share. The share price soared 382.81 percent since the reporting date. Evans Robert J. now left with a stake of 162.19 thousand NBEV stock worth $1 million after the insider buying.
The 12-month median price target for New Age Beverages Corporation (NBEV) assigned by the analysts stands at $8, which represents a return potential of 29.45 percent when compared to the closing price of the stock of $6.18 on Friday, January 11. The lowest price target for the stock is $4 — slightly more than -35.28 percent from NBEV’s current share price. The stock will probably climb 24.11 percent over the next 12 months, according to price target estimates compiled by finviz. Meanwhile, they have set a $11-month high price target. This represents a whopping 77.99 percent increase from where shares are trading today.
On momentum oscillators front, ‘RSI’ has touched 62.6 on daily chart, which may remain a cause for concern. If the price breaks below $5.92 level on closing basis, then we may see more profit booking and the stock may show further weakness. On the flipside, hitting the $6.36 mark may result into a pull-back move towards $6.55 level. The stock is currently hovering around the first support level of $6.05. Below this, the next support is placed in the zone of $5.92. Till the time, the NBEV stock trades above this level, bulls have nothing to fear.
Shares of New Age Beverages Corporation (NBEV) are trading at a P/E ratio of 0 times earnings reported for the past 12 months. The industry NBEV operates in has an average P/E of 18.26. Its P/E ratio went as low as 0X and as high as 0 over the 5-year span. Further, it is sporting a 9.15 on the Price-to-Sales ratio. Compare this with the industry average P/S of 20.13. 17.6 percent is the gross profit margin for New Age Beverages Corporation and operating margin sits at -28.4 percent. Along with this, the net profit margin is -29.1 percent.
On 11th of January, New Age Beverages Corporation (NASDAQ:NBEV) shares ended higher after a volatile session. The shares accumulated 0.14 points or 2.32 percent at $6.18 with a light trade volume of 10.366 million shares. After opening the session at $6.13, the shares went as high as $6.415 and as low as $6.1, the range within which the stock’s price traded throughout the day. The firm is left with a market cap of $452 million and now has 73.16 million shares outstanding. New Age Beverages Corporation (NBEV) stock has gained 13.6 percent of market value in 21 trading days.
NBEV stock has a trailing 3-year beta of 2.85, offering the possibility of a higher rate of return, but also posing more risk. The portion of a company’s profit allocated to each outstanding share of common stock was -$0.39 a share in the trailing twelve months. The stock’s value has surged 18.85 percent year to date (YTD) against a rise of 141.88 percent in 12 month’s time. The company’s shares still trade -38.14 percent away from its 1-year high of $9.99 and 375.38 percent up from 52-week low of $1.30. The average consensus rating on the company is 2.3, on a scale where 5 equates to a unanimous sell rating. In short, the mean analyst recommendations are calling this stock a sell.