Let’s start up with the current stock price of NewAge Inc. (NBEV), which is $3.06 to be very precise. The Stock rose vividly during the last session to $3.35 after opening rate of $3.31 while the lowest price it went was recorded $3.05 before closing at $3.39.
Recently in News on February 16, 2021, NewAge Announces $58 Million Private Placement. NewAge, Inc. (Nasdaq: NBEV), the Colorado-based social selling and distribution company with a global network of independent brand partners and distributors today announced that it has entered into a definitive agreement with investors to purchase 14.6 million shares of common stock in a private placement priced at-the-market under Nasdaq rules. The purchase price for the shares of common stock is $3.96. You can read further details here
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NewAge Inc. had a pretty favorable run when it comes to the market performance. The 1-year high price for the company’s stock is recorded $4.55 on 02/10/21, with the lowest value was $2.52 for the same time period, recorded on 01/04/21.
NewAge Inc. (NBEV) full year performance was 37.84%
Price records that include history of low and high prices in the period of 52 weeks can tell a lot about the stock’s existing status and the future performance. Presently, NewAge Inc. shares are logging -32.75% during the 52-week period from high price, and 211.93% higher than the lowest price point for the same timeframe. The stock’s price range for the 52-week period managed to maintain the performance between $0.98 and $4.55.
The company’s shares, operating in the sector of Consumer Defensive managed to top a trading volume set approximately around 4825255 for the day, which was evidently higher, when compared to the average daily volumes of the shares.
When it comes to the year-to-date metrics, the NewAge Inc. (NBEV) recorded performance in the market was 16.35%, having the revenues showcasing 11.27% on a quarterly basis in comparison with the same period year before. At the time of this writing, the total market value of the company is set at 370.66M, as it employees total of 934 workers.
Market experts do have their say about NewAge Inc. (NBEV)
During the last month, 0 analysts gave the NewAge Inc. a BUY rating, 0 of the polled analysts branded the stock as an OVERWEIGHT, 0 analysts were recommending to HOLD this stock, 0 of them gave the stock UNDERWEIGHT rating, and 0 of the polled analysts provided SELL rating.
According to the data provided on Barchart.com, the moving average of the company in the 100-day period was set at 2.83, with a change in the price was noted +1.41. In a similar fashion, NewAge Inc. posted a movement of +85.45% for the period of last 100 days, recording 2,508,944 in trading volumes.
Total Debt to Equity Ratio (D/E) can also provide valuable insight into the company’s financial health and market status. The debt to equity ratio can be calculated by dividing the present total liabilities of a company by shareholders’ equity. Debt to Equity thus makes a valuable metrics that describes the debt, company is using in order to support assets, correlating with the value of shareholders’ equity The total Debt to Equity ratio for NBEV is recording 0.43 at the time of this writing. In addition, long term Debt to Equity ratio is set at 0.41.
Technical breakdown of NewAge Inc. (NBEV)
Raw Stochastic average of NewAge Inc. in the period of last 50 days is set at 26.60%. The result represents improvement in oppose to Raw Stochastic average for the period of the last 20 days, recording 18.58%. In the last 20 days, the company’s Stochastic %K was 32.97% and its Stochastic %D was recorded 46.08%.
Bearing in mind the latest performance of NewAge Inc., several moving trends are noted. Year-to-date Price performance of the company’s stock appears to be pessimistic, given the fact the metric is recording 16.35%. Additionally, trading for the stock in the period of the last six months notably improved by 43.66%, alongside a boost of 37.84% for the period of the last 12 months. The shares increased approximately by -29.98% in the 7-day charts and went down by 6.99% in the period of the last 30 days. Common stock shares were driven by 11.27% during last recorded quarter.