The biggest losers of the session on the Wall Street include National Beverage Corp. (NASDAQ:FIZZ), which fell -2.73 points or -6.27% to trade at $40.82 as last check. The stock closed last session at $43.55 and sets an active trading volume day with a reported 223345 contracts so far this session. FIZZ shares had a relatively better volume day versus average trading capacity of 530.31 thousand shares, but with a 11.72 million float and a -0.62% run over a week, it’s definitely worth keeping an eye on. The one year price forecast for FIZZ stock indicates that the average analyst price target is $44.25 per share. This means the stock has a potential increase of 8.4% from where the FIZZ share price has been trading recently which is between $43.15 and $44.55. There are some brokerage firms that offer lower targets than the average, with one of them, even setting their price target at $33.
The shorts are running away from National Beverage Corp. (FIZZ) stock. The latest set of short interest data was released on 31 July 2019, and the numbers show a drop in short interest in FIZZ shares. While short interest still represents only 53.76% of FIZZ’s float, the number of shares shorted have fallen by -8235. The number of shares shorted fell to 6291193 shares, down from 6299428 shares during the preceding fortnight. With average daily trading volumes at 365431 shares, days to cover increased to about 14.19391 days. The most recent news story about the stock that appeared in Yahoo Finance‘s news section was titled “A Holistic Look At National Beverage Corp. (NASDAQ:FIZZ)” and dated August 05, 2019.
During the recent trading session for National Beverage Corp. (NASDAQ:FIZZ), the company witnessed their stock drop by $-2.02 over a week and tumble down $-1.52 from the price 20 days ago. When compared to their established 52-week high of $127.32, the high they recorded in their recent session happens to be lower. Their established 52-week high was attained by the company on 09/06/18. The recent low of $40.05 stood for a -66.89% since 06/27/19, a data which is good for most investors who are looking to take advantage of the stock’s recent rise. A beta of 1.26 is also allocated to the stock. Since the beta is greater than one, it implies that the stock is more volatile than the market, a data that traders are keeping close attention to.
Looking at the current readings for National Beverage Corp., the two-week RSI stands at 40.11. This figure suggests that FIZZ stock, for now, is neutral, meaning that the shares are stable in terms of price movement. The stochastic readings, on the other hand, based on the current FIZZ readings is similarly very revealing as it has a stochastic reading of 31.72% at this stage. This figure means that FIZZ share price today is being neutral.
Technical chart claims that National Beverage Corp. (FIZZ) would settle between $44.35/share to $45.15/share level. However, if the stock price goes below the $42.95 mark, then the market for National Beverage Corp. becomes much weaker. If that happens, the stock price might even plunge as low as $42.35 for its downside target. The stock is currently in the red zone of MACD, with the indicator reading -1.02. Traders are always alerted for the move of a stock above or below the zero line due to the fact that the reading is an indicator of the position of the short-term average relative to the long-term average. If the MACD is above the zero line, then the short-term average relative is above that of the long-term average, thus implying an upward momentum. Vice versa is the case if the MACD is below the zero line.
Analysts at Imperial Capital lifted target price for shares of FIZZ but were stick to Outperform recommendation for the stock in their opinion released on July 01. The price target has been raised from $150 to $65. UBS analysts bumped their rating on National Beverage Corp. (NASDAQ:FIZZ) stock from Sell to Neutral in a separate flash note issued to investors on June 04. Analysts at Maxim Group released an upgrade from Sell to Hold for the stock, in a research note that dated back to June 03.
FIZZ equity has an average rating of 3.75, with the figure leaning towards a bullish end. 4 analysts who tracked the company were contacted by Reuters. Amongst them, 1 rated the stock as a hold while the remaining 3 were split even though not equally. Some analysts rate the stock as a buy or a strong buy while others rated it as a sell. 1 analysts rated National Beverage Corp. (NASDAQ:FIZZ) as a buy or a strong buy while 2 advised that investors should desist from purchasing the stock or sell them if they already own the company’s stock.
Moving on, FIZZ stock price is currently trading at 16.78X forward 12-month Consensus EPS estimates, and its P/S ratio is 5.85 while for the average stock in the same group, the multiple is 1.4. National Beverage Corp. current P/E ratio of 43.95 means it is trading at a discount against its industry’s 47.67. In the past 5 years, this ratio for the stock has been fluctuating between 13.85 and 38.1.
National Beverage Corp. (FIZZ)’s current-quarter revenues are projected to climb by nearly -7% to hit $272100, based on current Zacks Consensus Estimate. The firm’s full-year revenues are expected to expand by over -4.18% from $1.01 billion to a noteworthy $971750. At the other end of the current quarter income statement, National Beverage Corp. is expected to see its adjusted earnings surge by roughly -28.85% to hit $0.74 per share. For the fiscal year, FIZZ’s earnings are projected to climb by roughly -15.33% to hit $2.54 per share.