MINISO Group Holding Ltd ADR (NYSE:MNSO) shares, rose in value on Friday, April 26, with the stock price up by 5.87% to the previous day’s close as strong demand from buyers drove the stock to $23.52.
Actively observing the price movement in the recent trading, the stock is buoying the session at $22.22. The PE ratio was 21.10 over 12-month period. Referring to stock’s 52-week performance, its high was $29.49, and the low was $14.25. On the whole, MNSO has fluctuated by 16.06% over the past month.
The company’s Forward Dividend Ratio is 0.41, with its dividend yield at 1.75%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 2.3B, with a low estimate of 516.13M and a high estimate of 656.73M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 597.38M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that MNSO’s technical picture suggests that short-term indicators denote the stock is a 50% Buy on average. However, medium-term indicators have put the stock in the category of Hold while long-term indicators on average have been pointing out that it is a 50% Buy.
The stock’s technical analysis shows that the PEG ratio is about 3.15, with the price of MNSO currently trading nearly 11.39% and 19.75% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 66.97, while the 7-day volatility ratio is showing 2.80% which for the 30-day chart, stands at 3.32%. Furthermore, MINISO Group Holding Ltd ADR (MNSO)’s beta value is 0.23, and its average true range (ATR) is 0.99.
A comparison of MINISO Group Holding Ltd ADR (MNSO) with its peers suggests the former has fared considerably weaker in the market. MNSO showed an intraday change of 5.87% in today’s session so far, and over the past year, it grew by 44.04%%.
Data on historical trading for MINISO Group Holding Ltd ADR (NYSE:MNSO) indicates that the trading volumes over the past 3 months, they’ve averaged 1.59 million. According to company’s latest data on outstanding shares, there are 310.83 million shares outstanding.
Nearly 0.85% of MINISO Group Holding Ltd ADR’s shares belong to company insiders and institutional investors own 18.88% of the company’s shares. The stock has risen by 17.00% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the MNSO stock heading into the next quarter.
