NASDAQ:NBEV - New Age Beverages Stock Price, Forecast & News

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

New Age Beverages Corp (NASDAQ:NBEV) issued its earnings results on Thursday, November, 14th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.05) by $0.09. The business had revenue of $69.80 million for the quarter, compared to analysts' expectations of $69.95 million. New Age Beverages had a negative return on equity of 20.61% and a negative net margin of 12.76%. New Age Beverages's revenue for the quarter was up 428.8% on a year-over-year basis. View New Age Beverages' Earnings History.

New Age Beverages is scheduled to release their next quarterly earnings announcement on Thursday, February 13th 2020. View Earnings Estimates for New Age Beverages.

4 brokerages have issued twelve-month price objectives for New Age Beverages' stock. Their forecasts range from $3.50 to $9.00. On average, they expect New Age Beverages' share price to reach $5.33 in the next year. This suggests a possible upside of 170.7% from the stock's current price. View Analyst Price Targets for New Age Beverages.

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

Press coverage about NBEV stock has been trending somewhat positive recently, InfoTrie Sentiment reports. InfoTrie ranks the sentiment of media coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. New Age Beverages earned a coverage optimism score of 1.5 on InfoTrie's scale. They also assigned media headlines about the company a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an effect on the stock's share price in the next few days. View News Stories for New Age Beverages.

New Age Beverages saw a decline in short interest during the month of December. As of December 31st, there was short interest totalling 18,870,000 shares, a decline of 7.8% from the December 15th total of 20,470,000 shares. Based on an average trading volume of 1,890,000 shares, the days-to-cover ratio is currently 10.0 days. Approximately 27.6% of the company's stock are sold short. View New Age Beverages' Current Options Chain.

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

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 General Electric (GE).

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.

One share of NBEV stock can currently be purchased for approximately $1.97.

New Age Beverages has a market capitalization of $154.44 million and generates $52.16 million in revenue each year. New Age Beverages employs 889 workers across the globe.View Additional Information About New Age Beverages.

The official website for New Age Beverages is http://newagebev.us/.

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.