Are new age beverages corporation (nbev) prospects worsening financial mercury

Shares of New Age Beverages Corporation (NASDAQ:NBEV) recorded -0.57% loss during trading session on December 31st, 2018. The script traded as low as $5.02 and last traded at $5.20. 4.77 million shares changed exchanged hands during trading, an increase of 72.94% from the 30-day average session volume of 17.63M shares. The firm had previously closed at $5.23. The company has $83.94M outstanding shares, price-to-earnings-growth ratio of 8.84and a beta of 2.42. The company has a RSI of 50.70, ATR of 0.63 and a volatility of 8.73% this week. NBEV has a 52 week low price of $1.30 and a 52 week high price of $9.99.

Investors have identified the tech company New Age Beverages Corporation as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around 436.49M, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.

When analyzing a stock, the first fundamental thing to take into account is the balance sheet. How healthy the balance sheet of a company is will determine if the company will be able to carry out all its financial and non-financial obligations and also keep the faith of its investors. For NBEV, the company has in raw cash 28.63 million on their books with 3.03 million currently as liabilities. How the trend is over time is what investors should be concerned about. The company has a healthy balance sheet as their debt profile has been on an incline. In terms of their assets, the company currently has 0 total, with 89.57 million as their total liabilities. This figure have given the company a good sense of viability under numerous contexts.

In order to determine the future investment potential for this stock, we will have to analyze key trends that affect it. During the third quarter of the year, New Age Beverages Corporation recorded a total of 13.24 million in revenue. This figure implies that they witnessed a quarterly year/year change in their earnings with -0.14% coming in sequential stages and their sales for the third quarter reducing by -0.01%.

What matters though is how it ends. When the core data for the company is broken down, then the stock sounds interesting. The company spent 11.54 million trying to sell their products during the last quarter, with the result yielding a gross income of 1.7 million. This allows shareholders to hold on to 83.94M with the revenue now reading -80 cents per share. This is a figure that is close to analyst’s prediction for their fourth quarter (-0.02 cents a share).

In related news, Chief Executive Officer Willis Brent D bought 78,000 shares of the company’s stock in a transaction that recorded on August 24th, 2019. The purchase was performed at an average price of 1.28, for a total value of 99,840. As the purchase deal closes, the Director Willis Brent D now bought 100,000 shares of the company’s stock, valued at 128,000. Also, Director HAAS TIMOTHY J bought 100,000 shares of the company’s stock in a deal that was recorded on August 24th, 2019. The shares were bought at an average cost of 1.28 per share, with a total market value of 300,000. Following this completion of disposal, the Director now holds 39,000 shares of the company’s stock, valued at 49,920. In the last 6 months, insiders have changed their ownership in shares of company stock by 10.10%.