MINISO Group Holding Ltd ADR [NYSE: MNSO] price surged by 14.04 percent to reach at $2.81.
The one-year MNSO stock forecast points to a potential upside of 4.36. The average equity rating for MNSO stock is currently 1.48, trading closer to a bullish pattern in the stock market.
Guru’s Opinion on MINISO Group Holding Ltd ADR [MNSO]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for MNSO shares is $23.86 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on MNSO stock is a recommendation set at 1.48. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Citigroup have made an estimate for MINISO Group Holding Ltd ADR shares, keeping their opinion on the stock as Buy, with their previous recommendation back on October 04, 2024. The new note on the price target was released on September 25, 2024, representing the official price target for MINISO Group Holding Ltd ADR stock.
The Average True Range (ATR) for MINISO Group Holding Ltd ADR is set at 1.16, with the Price to Sales ratio for MNSO stock in the period of the last 12 months amounting to 2.90. The Price to Book ratio for the last quarter was 5.22, with the Price to Cash per share for the same quarter was set at 2.89.
MNSO Stock Performance Analysis:
MINISO Group Holding Ltd ADR [MNSO] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 36.81. With this latest performance, MNSO shares gained by 14.56% in over the last four-week period, additionally sinking by -1.64% over the last 6 months – not to mention a drop of -8.60% 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 MNSO stock in for the last two-week period is set at 71.28, with the RSI for the last a single of trading hit 79.28, and the three-weeks RSI is set at 66.23 for MINISO Group Holding Ltd ADR [MNSO]. The present Moving Average for the last 50 days of trading for this stock 17.99, while it was recorded at 19.12 for the last single week of trading, and 19.01 for the last 200 days.
Insight into MINISO Group Holding Ltd ADR Fundamentals:
MINISO Group Holding Ltd ADR’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.66 and a Current Ratio set at 2.14.
MNSO Stock EPS
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 MNSO. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for MINISO Group Holding Ltd ADR go to 20.33%.
MINISO Group Holding Ltd ADR [MNSO] Institutonal Ownership Details
The top three institutional holders of MNSO stocks are: KEYWISE CAPITAL MANAGEMENT (HK) LTD with ownership of 5.19 million shares, which is approximately 1.6643%. SCHRODER INVESTMENT MANAGEMENT GROUP, holding 4.95 million shares of the stock with an approximate value of $$94.4 million in MNSO stocks shares; and SCHRODER INVESTMENT MANAGEMENT GROUP, currently with $$57.81 million in MNSO stock with ownership which is approximately 0.9727%.
