The trading price of MINISO Group Holding Limited (NYSE:MNSO) closed higher on Tuesday, Jan 12, closing at $29.05, 7.02% higher than its previous close.
Traders who pay close attention to intraday price movement should know that it fluctuated between $29.02 and $31.15. The company’s P/E ratio in the trailing 12-month period was 0, while its 5Y monthly beta was 0. In examining the 52-week price action we see that the stock hit a 52-week high of $31.6 and a 52-week low of $17.98. Over the past month, the stock has gained 41.7% in value.
Here is the average analyst rating on the stock as represented by 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock should be considered as either strong buy or strong sell respectively. The number of analysts that have assigned MNSO a recommendation rating is 3. Out of them, no one rate it a Hold, while 3 recommend Buy, whereas none assign an Outperform rating. None analyst(s) have tagged MINISO Group Holding Limited (MNSO) as Underperform, while not any of them advise Sell. Analysts have rated the stock Buy, likely urging investors to take advantage of the opportunity to add to their holdings of the company’s shares.
To see how MINISO Group Holding Limited stock has been performing in comparison to its peers in the industry, here are the numbers: MNSO stock’s performance was +7.02% in the latest trading, and 0% in the past year, while Farfetch Ltd Cl A (FTCH) has traded +3.1% on the day and positioned +456.67% higher than it was a year ago. Another comparable company L Brands Inc (LB) saw its stock close 0.81% higher in the most recent trading session but was up +134.22% in a year. Furthermore, Tapestry Inc (TPR) showed an increase of 7.02% on the day while its price kept declining at 0% over the past year. MINISO Group Holding Limited has a P/E ratio of 0, compared to Farfetch Ltd Cl A’s 0 and L Brands Inc’s 0. Also in last trading session, the S&P 500 Index has surged 0.04%, while the Dow Jones Industrial also saw a positive session, up +0.19% on the day.
An evaluation of the daily trading volume of MINISO Group Holding Limited (NYSE:MNSO) indicates that the 3-month average is 1.65 Million. However, this figure has declined over the past 10 days to an average of 1.17 Million.
Currently, records show that 303.98 Million of the company’s shares remain outstanding. According to Thomson Reuters data, insiders hold 0% of outstanding shares, whereas institutions hold 0.82%. The stats also highlight that short interest as of December 14, 2020, stood at 2Million shares, resulting in a short ratio of 2.51 at that time. From this, we can conclude that short interest is 0.66% of the company’s total outstanding shares. It is noteworthy that short shares in December were up slightly from the previous month’s figure, which was 1.08 Million. However, since the stock’s price has seen +17.81% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.
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