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NewAge, Inc is a beverages—non-alcoholic business based in the US. NewAge shares (NBEV) are listed on the NASDAQ and all prices are listed in US Dollars. NewAge employs 906 staff and has a trailing 12-month revenue of around USD$248.3 million.
Since the stock market crash in March caused by coronavirus, NewAge's share price has had significant positive movement.
Its last market close was USD$2.75, which is 2.55% up on its pre-crash value of USD$2.68 and 180.33% up on the lowest point reached during the March crash when the shares fell as low as USD$0.981.
If you had bought USD$1,000 worth of NewAge shares at the start of February 2020, those shares would have been worth USD$589.89 at the bottom of the March crash, and if you held on to them, then as of the last market close they'd be worth USD$1,544.95.
|Latest market close||USD$2.75|
|52-week range||USD$0.981 - USD$3.49|
|50-day moving average||USD$2.5903|
|200-day moving average||USD$2.0086|
|Wall St. target price||USD$5|
|Dividend yield||N/A (0%)|
|Earnings per share (TTM)||USD$-0.296|
The value of any investment can go up or down depending on news, trends and market conditions. We are not investment advisers, so do your own due diligence to understand the risks before you invest.
The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.
This chart is not advice or a guarantee of success. Rather, it gauges the real-time recommendations of three popular technical indicators: moving averages, oscillators and pivots. Finder is not responsible for how your stock performs.
|1 week (2020-11-19)||-10.71%|
|1 month (2020-10-27)||1.48%|
|3 months (2020-08-26)||30.33%|
|6 months (2020-05-26)||68.71%|
|1 year (2019-11-26)||30.33%|
|2 years (2018-11-26)||-26.47%|
|3 years (2017-11-24)||22.22%|
|5 years (2015-11-25)||720.90%|
|Revenue TTM||USD$248.3 million|
|Gross profit TTM||USD$150.7 million|
|Return on assets TTM||-11.36%|
|Return on equity TTM||-86.3%|
|Market capitalisation||USD$393.7 million|
TTM: trailing 12 months
There are currently 7.7 million NewAge shares held short by investors – that's known as NewAge's "short interest". This figure is 4.2% up from 7.4 million last month.
There are a few different ways that this level of interest in shorting NewAge shares can be evaluated.
NewAge's "short interest ratio" (SIR) is the quantity of NewAge shares currently shorted divided by the average quantity of NewAge shares traded daily (recently around 2.2 million). NewAge's SIR currently stands at 3.43. In other words for every 100,000 NewAge shares traded daily on the market, roughly 3430 shares are currently held short.
However NewAge's short interest can also be evaluated against the total number of NewAge shares, or, against the total number of tradable NewAge shares (the shares that aren't held by "insiders" or major long-term shareholders – also known as the "float"). In this case NewAge's short interest could be expressed as 0.08% of the outstanding shares (for every 100,000 NewAge shares in existence, roughly 80 shares are currently held short) or 0.081% of the tradable shares (for every 100,000 tradable NewAge shares, roughly 81 shares are currently held short).
Such a low SIR usually points to an optimistic outlook for the share price, with fewer people currently willing to bet against NewAge.
Find out more about how you can short NewAge stock.
We're not expecting NewAge to pay a dividend over the next 12 months.
Over the last 12 months, NewAge's shares have ranged in value from as little as $0.981 up to $3.49. A popular way to gauge a stock's volatility is its "beta".
Beta is a measure of a share's volatility in relation to the market. The market (NASDAQ average) beta is 1, while NewAge's is 1.8743. This would suggest that NewAge's shares are more volatile than the average for this exchange and represent, relatively-speaking, a higher risk (but potentially also market-beating returns).
New Age Beverages Corporation develops, markets, sells, and distributes healthy liquid dietary supplements and ready-to-drink (RTD) beverages. The company offers RTD tea, coffee, kombucha, energy drinks, relaxation drinks, coconut waters, functional waters, and rehydration beverages, as well as functional medical beverages. It provides its products under the Xing Tea, Marley, Búcha Live Kombucha, Coco-Libre, Evian, Volvic, Tahitian Noni Juice, TruAge, Aspen Pure, PediaAde, Coco Libre, BioShield, and NHANCED brands. The company sells its products across 50 states in the United States; and approximately 60 countries internationally through direct-store-delivery systems, brokers and distributors, warehouses, independent product consultants, and e-commerce sites, as well as through grocery retail, natural food retail, specialty outlets, hypermarkets, club stores, pharmacies, convenience stores, gas stations, and individual independent distributors. New Age Beverages Corporation was founded in 2010 and is headquartered in Denver, Colorado.
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