Stay Ahead of Wall Street. Find out what is happening to National Beverage Corp. (NASDAQ:FIZZ) stock today? Its price is jumping 1.56 points, trading at $44.93 levels, and is up 3.6% from its previous close of $43.37. The shares seem to have an active trading volume day with a reported 100785 contracts so far this session. FIZZ shares had a relatively better volume day versus average trading capacity of 386.47 thousand shares, but with a 11.6 million float and a -0.37% 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 $46.5 per share. This means the stock has a potential increase of 3.49% from where the FIZZ share price has been trading recently.
During the recent trading session for National Beverage Corp. (NASDAQ:FIZZ), the company witnessed their stock rise $2.11 over a week and tumble down $-1.16 from the price 20 days ago. When compared to their established 52-week high of $75.79, the high they recorded in their recent session happens to be higher. Their established 52-week high was attained by the company on 02/15/19. The recent low of $38.28 stood for a -40.72% since 06/09/19, a data which is good for most investors who are looking to take advantage of the stock’s recent rise. A beta of 1.3 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 48.28. 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 40.88% 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 $43.92/share to $44.46/share level. However, if the stock price goes below the $42.81 mark, then the market for National Beverage Corp. becomes much weaker. If that happens, the stock price might even plunge as low as $42.24 for its downside target. The stock is currently in the green zone of MACD, with the indicator reading 0.42. 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 CFRA lowered their recommendation on shares of FIZZ from Hold to Sell in their opinion released on January 16. Imperial Capital analysts again handed out a Outperform recommendation to National Beverage Corp. (NASDAQ:FIZZ) stock but they lifted target price for the shares in a flash note issued to investors on July 01. The target price has been raised from $150 to $65. Analysts at UBS released an upgrade from Sell to Neutral for the stock, in a research note that dated back to June 04.
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 18.22X forward 12-month Consensus EPS estimates, and its P/E ratio is 17.3 while for the average stock in the same group, the multiple is 28. National Beverage Corp. current P/B ratio of 5.1 means it is trading at a discount against its industry’s 9.