NASDAQ:NBEVNew Age Beverages Stock Price, Forecast & News

$1.61

-0.01 (-0.62 %)

(As of 06/4/2020 04:00 PM ET)

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Today's Range

$1.55

Now: $1.61▼

$1.73

50-Day Range

$1.28

MA: $1.48▼

$1.65

52-Week Range

$0.98

Now: $1.61▼

$4.99

Volume2.89 million shs

Average Volume2.58 million shs

Market Capitalization$149.07 million

P/E RatioN/A

Dividend YieldN/A

Beta1.72

New Age Beverages Corporation, a healthy functional beverage company, engages in the development, marketing, sales, and distribution of beverages. The company offers ready to drink (RTD) tea, RTD 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 Búcha Live Kombucha, XingTea, XingEnergy, Marley One Drop, Marley Mellow Mood, Marley Mate, Marley Cold Brew, Coco-Libre, PediaAde, and Aspen Pure PH and Aspen Pure Probiotic Water brands, as well as the Bio-Shield and 'n-Hanced brands. The company sells its products across 50 states in the United States; and approximately 10 countries internationally through direct and store door distribution systems. New Age Beverages Corporation is headquartered in Denver, Colorado.

Beat the Market (BTM) Rank^™

3.3 Analyst's Opinion

Consensus Rating
New Age Beverages has received a consensus rating of Buy. The company's average rating score is 2.67, and is based on 2 buy ratings, 1 hold rating, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $3.67, New Age Beverages has a potential upside of 127.7% from its current price of $1.61.
Amount of Analyst Coverage
New Age Beverages has only been the subject of 1 research reports in the past 90 days.

2.3 Community Rank

Outperform Votes
New Age Beverages has received 216 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
New Age Beverages has received 245 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
New Age Beverages has received 53.15% “underperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about New Age Beverages and other stocks. Vote “Outperform” if you believe NBEV will outperform the S&P 500 over the long term. Vote “Underperform” if you believe NBEV will underperform the S&P 500 over the long term. You may vote once every thirty days.

0.0 Dividend Strength

Dividend Yield
New Age Beverages does not currently pay a dividend.
Dividend Growth
New Age Beverages does not have a long track record of dividend growth.

0.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, New Age Beverages insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 4.90% of the stock of New Age Beverages is held by insiders.
Percentage Held by Institutions
Only 21.25% of the stock of New Age Beverages is held by institutions.

0.6 Earnings and Valuation

Earnings Growth
Earnings for New Age Beverages are expected to grow in the coming year, from ($0.33) to $0.02 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of New Age Beverages is -1.28, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of New Age Beverages is -1.28, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
New Age Beverages has a P/B Ratio of 1.36. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

1.25 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NASDAQ

Industry Malt beverages

Sub-IndustryN/A

SectorConsumer Staples

Current SymbolNASDAQ:NBEV

Previous Symbol

CUSIPN/A

CIK1579823

Webnewagebev.us

Phone303-289-8655

Debt

Debt-to-Equity Ratio0.53

Current Ratio1.28

Quick Ratio0.73

Price-To-Earnings

Trailing P/E RatioN/A

Forward P/E RatioN/A

P/E GrowthN/A

Sales & Book Value

Annual Sales$253.71 million

Price / Sales0.59

Cash FlowN/A

Price / Cash FlowN/A

Book Value$1.18 per share

Price / Book1.36

Profitability

EPS (Most Recent Fiscal Year)($0.62)

Net Income$-89,830,000.00

Net Margins-38.53%

Return on Equity-44.30%

Return on Assets-19.24%

Miscellaneous

Employees889

Outstanding Shares92,592,000

Market Cap$149.07 million

Next Earnings Date8/13/2020 (Estimated)

OptionableOptionable

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New Age Beverages (NASDAQ:NBEV) Frequently Asked Questions

How has New Age Beverages' stock been impacted by COVID-19 (Coronavirus)?

New Age Beverages' stock was trading at $1.72 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, NBEV shares have decreased by 6.4% and is now trading at $1.61. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of New Age Beverages?

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for New Age Beverages in the last year. There are currently 1 hold rating and 2 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for New Age Beverages.

When is New Age Beverages' next earnings date?

New Age Beverages is scheduled to release its next quarterly earnings announcement on Thursday, August 13th 2020. View our earnings forecast for New Age Beverages.

How were New Age Beverages' earnings last quarter?

New Age Beverages Corp (NASDAQ:NBEV) issued its quarterly earnings data on Monday, May, 11th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of ($0.11) by $0.03. The company earned $63.69 million during the quarter, compared to analyst estimates of $62.86 million. New Age Beverages had a negative return on equity of 44.30% and a negative net margin of 38.53%. View New Age Beverages' earnings history.

What guidance has New Age Beverages issued on next quarter's earnings?

New Age Beverages updated its first quarter 2020 Pre-Market earnings guidance on Tuesday, April, 14th. The company provided EPS guidance of for the period. The company issued revenue guidance of $62-64 million, compared to the consensus revenue estimate of $56.62 million.

What price target have analysts set for NBEV?

3 equities research analysts have issued twelve-month price objectives for New Age Beverages' stock. Their forecasts range from $3.50 to $4.00. On average, they anticipate New Age Beverages' share price to reach $3.67 in the next twelve months. This suggests a possible upside of 127.7% from the stock's current price. View analysts' price targets for New Age Beverages.

Has New Age Beverages been receiving favorable news coverage?

Media coverage about NBEV stock has trended negative recently, InfoTrie reports. InfoTrie scores the sentiment of media coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. New Age Beverages earned a media sentiment score of -2.7 on InfoTrie's scale. They also gave headlines about the company a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an impact on the stock's share price in the next several days. View the latest news aboutNew Age Beverages.

Who are some of New Age Beverages' key competitors?

Some companies that are related to New Age Beverages include Anheuser Busch Inbev (BUD), Heineken (HEINY), CARLSBERG AS/S (CABGY), Kirin (KNBWY), TSINGTAO BREWER/S (TSGTY), Molson Coors Brewing (TAP), Boston Beer (SAM), San Miguel (SMGBY), Compania Cervecerias Unidas (CCU), Craft Brew Alliance (BREW), Big Rock Brewery (BRBMF) and Athena Silver (AHNR). View all competitors.

What other stocks do shareholders of New Age Beverages own?

Based on aggregate information from My MarketBeat watchlists, some companies that other New Age Beverages investors own include Canopy Growth (CGC), Aurora Cannabis (ACB), Cronos Group (CRON), Tilray (TLRY), BHP Group (BHP), Micron Technology (MU), Advanced Micro Devices (AMD), NVIDIA (NVDA), Aphria (APHA) and NIO (NIO).

Who are New Age Beverages' key executives?

New Age Beverages' management team includes the following people:

Mr. Brent David Willis, CEO & Director (Age 58)
Mr. Gregory A. Gould CPA, CPA, Chief Financial Officer (Age 53)
Mr. Richard C. Rife, Chief Legal & Admin. Officer and Corp. Sec. (Age 65)
Mr. Michael Cunningham, Sr. VP of Sales
Mr. Jay Barrow, Head of Brand

What is New Age Beverages' stock symbol?

New Age Beverages trades on the NASDAQ under the ticker symbol "NBEV."

Who are New Age Beverages' major shareholders?

New Age Beverages' stock is owned by many different institutional and retail investors. Top institutional shareholders include BlackRock Inc. (5.87%), State Street Corp (1.60%), Geode Capital Management LLC (1.25%), Morgan Stanley (0.73%), Requisite Capital Management LLC (0.55%) and Raymond James & Associates (0.24%). Company insiders that own New Age Beverages stock include Brent D Willis, Reginald Kapteyn, Robert J Evans and Timothy J Haas. View institutional ownership trends for New Age Beverages.

Which institutional investors are selling New Age Beverages stock?

NBEV stock was sold by a variety of institutional investors in the last quarter, including Raymond James & Associates, BlackRock Inc., Parametric Portfolio Associates LLC, and Sowell Financial Services LLC. View insider buying and selling activity for New Age Beverages.

Which institutional investors are buying New Age Beverages stock?

NBEV stock was acquired by a variety of institutional investors in the last quarter, including Requisite Capital Management LLC, JPMorgan Chase & Co., Geode Capital Management LLC, Invesco Ltd., Alliancebernstein L.P., Wells Fargo & Company MN, Morgan Stanley, and Advisor Group Holdings Inc.. Company insiders that have bought New Age Beverages stock in the last two years include Brent D Willis, Robert J Evans, and Timothy J Haas. View insider buying and selling activity for New Age Beverages.

How do I buy shares of New Age Beverages?

Shares of NBEV can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is New Age Beverages' stock price today?

One share of NBEV stock can currently be purchased for approximately $1.61.

How big of a company is New Age Beverages?

New Age Beverages has a market capitalization of $149.07 million and generates $253.71 million in revenue each year. The company earns $-89,830,000.00 in net income (profit) each year or ($0.62) on an earnings per share basis. New Age Beverages employs 889 workers across the globe.

What is New Age Beverages' official website?

The official website for New Age Beverages is newagebev.us.

How can I contact New Age Beverages?

New Age Beverages' mailing address is 2420 17TH STREET SUITE 220, DENVER CO, 80202. The company can be reached via phone at 303-289-8655.

This page was last updated on 6/5/2020 by MarketBeat.com Staff