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What kind of company is New Age beverages?
New Age Beverages Corp. New Age Beverages Corp. is a beverage company, which engages in the development, marketing, sales and distribution of Ready-to-Drink beverages. Its brands include Marley, Xing, Bucha, CoCo libre and WaterisLife. The company was founded by Neil Fallon on April 26, 2010 and is headquartered in Denver, CO.
Why should you hold New Age beverages (nbev) in your portfolio?
New Age Beverages (NBEV) benefits from strong brand portfolio and efforts to expand national distribution in the United States. These and other initiatives should bolster its second-quarter results.
Should you invest in beverage stocks?
Overall, beverage stocks provide a rewarding combination of safety, income, and reliability, and they are worth considering for investors prioritizing wealth preservation, income, or value. Learn more about investing in dining out. If you love to shop 'til you drop.
Is Newage (nbev) a good stock to buy?
NewAge has received 133 “underperform” votes. (Add your “underperform” vote.) NewAge has received 62.85% “outperform” votes from our community. MarketBeat's community ratings are surveys of what our community members think about NewAge and other stocks. Vote “Outperform” if you believe NBEV will outperform the S&P 500 over the long term.
Should New Age buy drink stock?
The financial health and growth prospects of NBEV, demonstrate its potential to perform inline with the market. It currently has a Growth Score of F. Recent price changes and earnings estimate revisions indicate this would be a good stock for momentum investors with a Momentum Score of A.
Is NBEV a buy or sell?
Out of 4 analysts, 3 (75%) are recommending NBEV as a Strong Buy, 0 (0%) are recommending NBEV as a Buy, 1 (25%) are recommending NBEV as a Hold, 0 (0%) are recommending NBEV as a Sell, and 0 (0%) are recommending NBEV as a Strong Sell. What is NBEV's earnings growth forecast for 2022-2024?
Will New Age stock go up?
Stock Price Forecast The 1 analysts offering 12-month price forecasts for Newage Inc have a median target of 3.15, with a high estimate of 3.15 and a low estimate of 3.15. The median estimate represents a +919.42% increase from the last price of 0.31.
What happened New Age beverage?
The Company has announced the merger of NewAge with ARIIX and four other e-commerce/direct selling companies on July 21, 2020. This transaction is anticipated to close during the third quarter of 2020. The company operates the websites newage.com, noninewage.com, and a number of other individual brand websites.
Should I buy or sell NewAge stock right now?
2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for NewAge in the last year. There are currently 2 buy ratin...
What is NewAge's stock price forecast for 2022?
2 analysts have issued 12 month target prices for NewAge's stock. Their forecasts range from $6.00 to $6.00. On average, they anticipate NewAge's s...
How has NewAge's stock price performed in 2022?
NewAge's stock was trading at $1.03 at the beginning of the year. Since then, NBEV stock has decreased by 68.9% and is now trading at $0.32. View...
Are investors shorting NewAge?
NewAge saw a decrease in short interest in May. As of May 31st, there was short interest totaling 9,900,000 shares, a decrease of 14.9% from the Ma...
When is NewAge's next earnings date?
NewAge is scheduled to release its next quarterly earnings announcement on Monday, June 13th 2022. View our earnings forecast for NewAge .
How were NewAge's earnings last quarter?
NewAge, Inc. (NASDAQ:NBEV) posted its quarterly earnings data on Tuesday, November, 9th. The company reported ($0.11) earnings per share (EPS) for...
Who are NewAge's key executives?
NewAge's management team includes the following people: Mr. Edward J. Brennan , Chairman & Interim CEO (Age 65, Pay $70k) Mr. Mark H. Wilson ,...
Who are some of NewAge's key competitors?
Some companies that are related to NewAge include Big Rock Brewery (BRBMF) , Carlsberg A/S (CABGY) , China New Borun (BORNY) , Compañía Cervece...
What other stocks do shareholders of NewAge own?
Based on aggregate information from My MarketBeat watchlists, some companies that other NewAge investors own include (CGC) , Aurora Cannabis (AC...
What are the major beverage companies?
1. Coca-Cola. Coca-Cola (NYSE:KO) is the world’s largest beverage brand, but the company is much more than just its namesake drink.
Why do beverage companies have high profit margins?
Because many of these companies have strong brands, and the industry's barriers to entry are significant, beverage companies tend to enjoy high profit margins. These stocks don’t generally offer the growth that some sectors do since the overall drinks market is mature.
Is Coca Cola a company?
Coca-Cola (NYSE:KO) is the world’s largest beverage brand, but the company is much more than just its namesake drink. It owns a wide range of brands, including Minute Maid juice, alternative beverages such as Powerade, and a stake in Monster Beverage (NYSE:MNST). Recently, the company has stepped up its efforts to diversify, acquiring Costa Coffee for $5 billion in 2019. Coca-Cola has struggled during the pandemic as restaurant sales have lagged, but its distribution network and marketing prowess is unmatched.
About NewAge
NewAge Inc is engaged in the business of developing, marketing, selling, and distributing a portfolio of healthy products. It offers a portfolio of healthy products with its brands across platforms, such as health & wellness, inner & outer beauty, and nutrition & weight management. Its partner companies include ARIIX, Noni, LIMU, and ZENNOA.
NewAge (NASDAQ:NBEV) Frequently Asked Questions
2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for NewAge in the last year. There are currently 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" NewAge stock. View analyst ratings for NewAge or view top-rated stocks.
What is New Age Beverages worth?
According to my relative valuation model, the stock seems to be currently fairly priced. In this instance, I’ve used the price-to-book (PB) ratio given that there is not enough information to reliably forecast the stock’s cash flows, and its earnings doesn’t seem to reflect its true value.
What kind of growth will New Age Beverages generate?
Investors looking for growth in their portfolio may want to consider the prospects of a company before buying its shares. Buying a great company with a robust outlook at a cheap price is always a good investment, so let’s also take a look at the company’s future expectations.
With a clear path to profitability and the growing possibility of a short squeeze, it's easy to see why one Wall Street pro is initiating coverage of New Age Beverages with a bullish call
Since 1995, Rick has been writing for The Motley Fool, where he's a consumer and tech stocks specialist. Yes, that's a long time with more than 20,000 bylines over those 24 years. He's been an analyst for Motley Fool Rule Breakers and a portfolio lead analyst for Motley Fool Supernova since each newsletter service's inception.
Canning cannabis
New Age Beverages turned heads late last summer after announcing that it would be rolling out CBD-infused drinks, expanding its offerings to ready-to-drink coffee, tea, and other functional beverages.
The Fundamentals Could Improve
New Age Beverages’ fundamentals have been quite poor for a long time. But, starting in 2020, they could materially improve over the next few years.
The Stock Could Fly Higher
Three things need to go right for New Age Beverages in order to drive NBEV stock higher.
Bottom Line on NBEV Stock
It’s too soon to tell whether this stock is a buy or a sell at current prices. The key here is that the company’s revenue growth rates need to start meaningfully outpacing their expense growth rates. If this starts to happen in 2020, then shares will skyrocket higher. If it doesn’t happen, the stock will remain depressed in penny stock territory.
Charts Matter
Some investors couldn’t care less about a stock’s chart, believing there’s nothing about price history that indicates where a stock is likely to travel. Other investors only care about the chart, convinced that analyzing companies’ fundamentals is pointless.
Looking Ahead for NBEV Stock
The good news for those traders who stuck with their stakes all the way down to its current level is we may be more than halfway to a major low. The bad news is we don’t seem to be quite there yet. But the chart of NBEV stock will indicate when a rebound is materializing.
