NewAge Inc. [NBEV] is -15.21% lower this YTD. Is it still time to buy?

NewAge Inc. [NASDAQ: NBEV] jumped around 0.26 points on Tuesday, while shares priced at $2.23 at the close of the session, up 13.20%. The company report on May 10, 2021 that NewAge Announces Record First Quarter Results With Net Revenue Up 97% to $125.5 Million.

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NewAge, Inc. (Nasdaq: NBEV), the Colorado-based organic and healthy products company intending to become the world’s leading social selling and distribution company, announced record financial results for the first quarter of 2021 with net revenue of $125.5 million, almost double its net revenue in the first quarter of 2020.

For the three months ended March 31, 2021, net revenue reached $125.5 million, an increase of $61.8 million or 97%, primarily due to the acquisition of ARIIX, and the combined company organic growth, which on a pro forma basis grew 12.5% from the previous period, assuming ARIIX had been acquired on January 1, 2020. Gross profit for the quarter was $87.4 million, an increase of $45.9 million or 111%, resulting in a gross margin of 70%, compared to 65% in the prior year period. Net loss from operations improved $6.9 million to ($3.5) million compared to a loss of ($10.4) million in the first quarter of the prior year. Adjusted EBITDA1 increased $9.7 million versus the three months ended March 31, 2020 reaching positive $2.9 million compared to a loss of ($6.8) million in the prior year period.

NewAge Inc. stock is now -15.21% down from its year-to-date (YTD) trading value. NBEV Stock saw the intraday high of $2.24 and lowest of $1.89 per share. The company’s 52-week high price is 4.55, which means current price is +17.99% above from all time high which was touched on 02/10/21.

Compared to the average trading volume of 2.23M shares, NBEV reached a trading volume of 3214094 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about NewAge Inc. [NBEV]?

Alliance Global Partners have made an estimate for NewAge Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on November 15, 2019. The new note on the price target was released on July 22, 2019, representing the official price target for NewAge Inc. stock. Previously, the target price had yet another raise to $8, while Alliance Global Partners analysts kept a Buy rating on NBEV stock.

The Average True Range (ATR) for NewAge Inc. is set at 0.16, with the Price to Sales ratio for NBEV stock in the period of the last 12 months amounting to 1.05. The Price to Book ratio for the last quarter was 1.69, with the Price to Cash per share for the same quarter was set at 0.33.

How has NBEV stock performed recently?

NewAge Inc. [NBEV] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 6.19. With this latest performance, NBEV shares dropped by -10.08% in over the last four-week period, additionally sinking by -31.17% over the last 6 months – not to mention a rise of 50.68% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for NBEV stock in for the last two-week period is set at 46.41, with the RSI for the last a single of trading hit 50.89, and the three-weeks RSI is set at 44.60 for NewAge Inc. [NBEV]. The present Moving Average for the last 50 days of trading for this stock 2.59, while it was recorded at 2.11 for the last single week of trading, and 2.61 for the last 200 days.

NewAge Inc. [NBEV]: Deeper insight into the fundamentals

Operating Margin for any stock indicates how profitable investing would be, and NewAge Inc. [NBEV] shares currently have an operating margin of -9.86 and a Gross Margin at +60.46. NewAge Inc.’s Net Margin is presently recorded at -14.08.

Return on Total Capital for NBEV is now -13.38, given the latest momentum, and Return on Invested Capital for the company is -21.30. Return on Equity for this stock declined to -33.09, with Return on Assets sitting at -11.31. When it comes to the capital structure of this company, NewAge Inc. [NBEV] has a Total Debt to Total Equity ratio set at 63.55. Additionally, NBEV Total Debt to Total Capital is recorded at 38.86, with Total Debt to Total Assets ending up at 20.81. Long-Term Debt to Equity for the company is recorded at 46.62, with the Long-Term Debt to Total Capital now at 28.09.

Reflecting on the efficiency of the workforce at the company, NewAge Inc. [NBEV] managed to generate an average of -$34,910 per employee. Receivables Turnover for the company is 22.13 with a Total Asset Turnover recorded at a value of 0.80.NewAge Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.60 and a Current Ratio set at 1.00.

Earnings analysis for NewAge Inc. [NBEV]

With the latest financial reports released by the company, NewAge Inc. posted -0.1/share EPS, while the average EPS was predicted by analysts to be reported at -0.09/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -11.10%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for NBEV.

Insider trade positions for NewAge Inc. [NBEV]

There are presently around $59 million, or 18.20% of NBEV stock, in the hands of institutional investors. The top three institutional holders of NBEV stocks are: BLACKROCK INC. with ownership of 7,473,828, which is approximately 13.974% of the company’s market cap and around 2.90% of the total institutional ownership; VANGUARD GROUP INC, holding 5,261,326 shares of the stock with an approximate value of $11.73 million in NBEV stocks shares; and STATE STREET CORP, currently with $3.59 million in NBEV stock with ownership of nearly 19.666% of the company’s market capitalization.

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Positions in NewAge Inc. stocks held by institutional investors increased at the end of May and at the time of the May reporting period, where 60 institutional holders increased their position in NewAge Inc. [NASDAQ:NBEV] by around 5,627,536 shares. Additionally, 23 investors decreased positions by around 640,611 shares, while 26 investors held positions by with 20,398,050 shares. The mentioned changes placed institutional holdings at 26,666,197 shares, according to the latest SEC report filing. NBEV stock had 16 new institutional investments in for a total of 2,075,635 shares, while 6 institutional investors sold positions of 77,324 shares during the same period.

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