Analysts Swing to Diverse Views for New Age Beverages Corporation (NBEV), eHi Car Services Limited (EHIC) – Post Analyst

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Shares of New Age Beverages Corporation (NASDAQ:NBEV) opened at $2.6, and ended 5.77% higher at $2.75. Nearly 0.63 million shares were traded by the close, higher than its average daily volume of 0.3 million shares.

New Age Beverages Corporation (NBEV) Analyst Opinion

New Age Beverages Corporation has a consensus outperform rating from 3 Wall Street analysts, and the number of shares currently sold short amount to at least 8.9% of shares outstanding. The stock sank -26.86% last month and is down -33.57 this year. Wall Street is only getting more bullish on the stock, with 3 of analysts who cover NBEV having a buy-equivalent rating. Analysts have placed a $8.33 price target on New Age Beverages Corporation, suggesting a 202.91% gain from recent close. It’s currently trading about -61.81% below its 52-week high.

New Age Beverages Corporation Earnings Surprise

New Age Beverages Corporation (NBEV) failed to surprise the stock market in its last reported earnings when it earned $61.58 a piece versus the consensus-estimated $61.58. Its revenue totaled $15.4 million up 42.72% from the previous quarter.

New Age Beverages Corporation (NASDAQ:NBEV) Intraday View

This stock (NBEV) is ahead of its 52-week low with 89.66%. Its last month’s stock price volatility remained 10.3% which for the week stands at 6.68%. The share price has moved backward from its 20 days moving average, trading at a distance of -20.91% and stays -29.98% away from its 50 days moving average. Over the last five days, shares have faced -17.91% losses and now is down -37.76% since hitting its 200-day moving average of $4.58. New Age Beverages Corporation (NBEV) has made its way to a 12-month gain of 77.42%.

Turning to eHi Car Services Limited (NYSE:EHIC), its shares were trading at $11.63 a retreat of $-0.57, on the trading floor. So far, analysts are sticking with their neutral recommendations with the consensus call at 2.5. eHi Car Services Limited has 0 buy ratings, 1 holds and 0 sells even after the stock tumbled -6.96% from its high of $12.5 to a $819.92 million market value through last close.

eHi Car Services Limited (EHIC) Consensus Price Target

The company’s consensus rating on Reuter’s scale remained unchanged from 2.5 to 2.5 during a month. Analysts set a 12-month price target of $12.94 a share. The target implies a 11.26% spike from where the shares are currently trading. Also, the current price highlights a discount of 11.78% to analysts’ high consensus price target.

eHi Car Services Limited (NYSE:EHIC) Intraday Trading

The counter witnessed a trading volume of 0.4 million shares versus an average volume of 0.14 million shares during last trading session. Its last month’s stock price volatility remained 8.49% which for the week approaches 3.76%. It had faced the $8.11 52-week low. The stock recovered 43.4% since its low point and has performed 28.37% year-to-date.