New Age Beverages Corp ~ (NBEV)

New Age Beverages Corp (NBEV) stock has gained 17% today after announcing the distribution expansion of their Marley brand with Walmart.

The average rating from Wall Street analysts is a Strong Buy. Stock Score Report, InvestorsObserver’s proprietary scoring system, gives NBEV stock a score of 57 out of a possible 100.

That score is chiefly influenced by a short-term technical score of 67. NBEV’s score also includes a long-term technical score of 52. The fundamental score for NBEV is 51. In addition to the average rating from Wall Street analysts, NBEV stock has a mean target price of $8.75. This means analysts expect the stock to rise 51.91% over the next 12 months.

New Age Beverages Corp is beverage company. It is engaged in the development, marketing, sales and distribution of a portfolio of Ready-to-Drink (RTD). The company’s target market is currently health-conscious consumers, who are individuals who are becoming more interested and better educated on what is included in their diets, causing them to shift away from options perceived as less healthy such as carbonated soft drinks or other high caloric beverages, and towards alternative beverages choices.

It markets, sells, and distributes current brands including XingTea, XingEnergy, Aspen Pure, and Bucha Live Kombucha brands, and to develop new healthy functional beverage products. It operates in Morinda and New Age segments. The New Age segment accounts for majority revenue of the firm.

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