NASDAQ:NBEVNew Age Beverages Stock Price, Forecast & News

New Age Beverages' stock was trading at $1.72 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, NBEV stock has decreased by 12.2% and is now trading at $1.51. View which stocks have been most impacted by Coronavirus.

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.

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.

New Age Beverages Corp (NASDAQ:NBEV) posted its quarterly earnings results on Monday, May, 11th. The company reported ($0.14) earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of ($0.11) by $0.03. The company earned $63.69 million during the quarter, compared to analysts' expectations 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.

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

3 brokers have issued 12-month target prices 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 142.8% from the stock's current price. View analysts' price targets for New Age Beverages.

Media headlines about NBEV stock have been trending very negative recently, according to InfoTrie Sentiment Analysis. The research group rates the sentiment of news coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. New Age Beverages earned a daily sentiment score of -3.5 on InfoTrie's scale. They also gave news coverage about the company a news buzz of 3.0 out of 10, indicating that recent news coverage is unlikely to have an impact on the stock's share price in the next several days. View the latest news aboutNew Age Beverages.

New Age Beverages saw a drop in short interest in April. As of April 15th, there was short interest totaling 14,420,000 shares, a drop of 9.6% from the March 31st total of 15,960,000 shares. Based on an average daily trading volume, of 2,590,000 shares, the short-interest ratio is presently 5.6 days. Currently, 19.3% of the company's shares 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), 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.

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).

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

New Age Beverages' stock is owned by a variety of retail and institutional investors. Top institutional investors 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.

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.

NBEV stock was bought 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.

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 $1.51.

New Age Beverages has a market capitalization of $139.81 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.

The official website for New Age Beverages is 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.