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NASDAQ:NBEVNew Age Beverages Stock Price, Forecast & News

$1.51
-0.03 (-1.95 %)
(As of 05/28/2020 04:00 PM ET)
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Compare
Today's Range
$1.50
Now: $1.51
$1.60
50-Day Range
$1.12
MA: $1.44
$1.65
52-Week Range
$0.98
Now: $1.51
$5.37
Volume2.38 million shs
Average Volume2.58 million shs
Market Capitalization$139.81 million
P/E RatioN/A
Dividend YieldN/A
Beta1.74
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.
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New Age Beverages logo

Beat the Market (BTM) Rank

Analyst Opinion: 3.3Community Rank: 2.3Dividend Strength: 0.0Insider Behavior: 0.0Valuation: 0.6 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.25 out of 5 stars


Industry, Sector and Symbol

Industry Malt beverages
Sub-IndustryN/A
SectorConsumer Staples
Current SymbolNASDAQ:NBEV
CUSIPN/A
Phone303-289-8655

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$253.71 million
Book Value$0.96 per share

Profitability

Net Income$-89,830,000.00

Miscellaneous

Employees889
Market Cap$139.81 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 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.

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) posted its quarterly earnings results 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 net margin of 38.53% and a negative return on equity of 44.30%. View New Age Beverages' earnings history.

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

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 (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 brokerages have issued 12-month price targets for New Age Beverages' shares. Their forecasts range from $3.50 to $4.00. On average, they expect New Age Beverages' share price to reach $3.67 in the next year. This suggests a possible upside of 142.8% from the stock's current price. View analysts' price targets for New Age Beverages.

Has New Age Beverages been receiving favorable news coverage?

News coverage about NBEV stock has trended extremely positive this week, according to InfoTrie. The research group identifies negative and positive news coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores nearest to five being the most favorable. New Age Beverages earned a daily sentiment score of 4.7 on InfoTrie's scale. They also assigned media headlines about the company a news buzz of 4.0 out of 10, indicating that recent news coverage is somewhat unlikely to have an effect on the stock's share price in the next few days. View the latest news aboutNew Age Beverages.

Are investors shorting New Age Beverages?

New Age Beverages saw a decline in short interest in the month of April. As of April 15th, there was short interest totaling 14,420,000 shares, a decline of 9.6% from the March 31st total of 15,960,000 shares. Based on an average trading volume of 2,590,000 shares, the days-to-cover ratio is presently 5.6 days. Approximately 19.3% of the shares of the company are sold short. View New Age Beverages' Current Options Chain.

Who are some of New Age Beverages' key 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 a number of institutional and retail 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.

Which major 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 major investors are buying New Age Beverages stock?

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.

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 $1.51.

How big of a company is New Age Beverages?

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.

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 5/28/2020 by MarketBeat.com Staff

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