MINISO Group Holding Ltd ADR (NYSE:MNSO) shares, rose in value, with the stock price up by 1.15% to the previous day’s close as strong demand from buyers drove the stock to $17.52.
Actively observing the price movement in the last trading, the stock closed the session at $17.32. The PE ratio was 16.01 over 12-month period. Referring to stock’s 52-week performance, its high was $27.71, and the low was $12.51. On the whole, MNSO has fluctuated by -0.45% over the past month.
With the market capitalization of MINISO Group Holding Ltd ADR currently standing at about $5.41 billion, investors are eagerly awaiting this quarter’s results, scheduled for in June. The company’s Forward Dividend Ratio is 0.60, with its dividend yield at 3.43%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 20.79B, with a low estimate of 4.83B and a high estimate of 4.88B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 4.85B.
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% Sell on average. However, medium-term indicators have put the stock in the category of 100% Sell while long-term indicators on average have been pointing out that it is a 50% Sell.
The stock’s technical analysis shows that the PEG ratio is about 0.94, with the price of MNSO currently trading nearly -9.21% and -3.91% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 42.77, while the 7-day volatility ratio is showing 9.31% which for the 30-day chart, stands at 5.62%. Furthermore, MINISO Group Holding Ltd ADR (MNSO)’s beta value is 0.16, and its average true range (ATR) is 1.02.
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 1.15% in last session, and over the past year, it shrunk by -22.17%%.
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 1.46 million. According to company’s latest data on outstanding shares, there are 308.50 million shares outstanding.
Nearly 0.85% of MINISO Group Holding Ltd ADR’s shares belong to company insiders and institutional investors own 9.74% of the company’s shares. The stock has fallen by -26.66% 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.
