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MINISO Group Holding Limited (NYSE: MNSO) Stock: More Upside Ahead?

In the latest trading session, 2.0 million MINISO Group Holding Limited (NYSE:MNSO) shares changed hands as the company’s beta touched 0.34. With the company’s most recent per share price at $25.54 changed hands at -$1.03 or -3.87% at last look, the market valuation stands at $8.34B. MNSO’s current price is a discount, trading about -17.15% off its 52-week high of $29.92. The share price had its 52-week low at $4.45, which suggests the last value was 82.58% up since then. When we look at MINISO Group Holding Limited’s average trading volume, we note the 10-day average is 2.45 million shares, with the 3-month average coming to 1.36 million.

Analysts gave the MINISO Group Holding Limited (MNSO) stock a consensus recommendation rating of a Buy, calculated at a mean rating of 1.60. If we narrow down to specifics, the data shows that 0 out of 17 analysts rate the stock as a Sell, with a further 2 assigning it an Overweight rating. Of the remaining, 0 recommended MNSO as a Hold, 15 felt it is a Buy and 0 rated the stock as Underweight. MINISO Group Holding Limited’s EPS for the current quarter is expected to be $0.25.

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MINISO Group Holding Limited (NYSE:MNSO) trade information

Instantly MNSO was in red as seen in intraday trades today. With action -8.48%, the performance over the past five days has been red. The drop to weekly highs of 29.92 on Monday, 09/18/23 subtracted -3.87% to the stock’s daily price. The company’s shares are showing year-to-date upside of 138.04%, with the 5-day performance at -8.48% in the red. However, in the 30-day time frame, MINISO Group Holding Limited (NYSE:MNSO) is 26.76% up. Looking at the short shares, we see there were 7.09 million shares sold at short interest cover period of 5.07 days.

The consensus price target for the stock as assigned by Wall Street analysts is $176.81, meaning bulls need an upside of 85.56% from its recent market value. According to analyst projections, MNSO’s forecast low is $48.25 with $236.35 as the target high. To hit the forecast high, the stock’s price needs a -825.41% plunge from its current level, while the stock would need to soar -88.92% for it to hit the projected low.

MINISO Group Holding Limited (MNSO) estimates and forecasts

Data shows that the MINISO Group Holding Limited share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 43.41% over the past 6 months, a 30.77% in annual growth rate that is considerably higher than the industry average of -4.60%. Moreover, analysts have looked to higher expectations by upgrading its fiscal year 2023 revenue estimates. The rating firms predict current quarter revenue for MINISO Group Holding Limited will rise 25.00%, while the growth in revenue is estimated to hit 52.90% for the next quarter. Year-over-year growth is forecast to reach 28.70% up from the last financial year.

Consensus estimates given by 3 financial analysts project the company’s revenue in the current quarter to hit an average of $505.69 million. 2 analysts are of the opinion that MINISO Group Holding Limited’s revenue for the quarter ending Dec 2023 will be $505.7 million. The company’s revenue for the corresponding quarters a year ago was $390.46 million. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 29.50%.

Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 81.06%. The 2023 estimates are for MINISO Group Holding Limited earnings to increase by 168.80%, but the outlook for the next 5-year period is at 48.13% per year.

MNSO Dividends

MINISO Group Holding Limited is expected to release its next quarterly earnings report between November 13 and November 17. The 1.61% annual yield figure for the share gives it an annual dividend of 0.41. It is important to note, however, that the 1.61% dividend yield ratio should serve as a guide only, as you should also take into consideration many other aspects of a company’s operations and fundamentals before making any investment decision.

MINISO Group Holding Limited (NYSE:MNSO)’s Major holders

If we look at who the major shareholders are, we find that insiders hold 5.04% of MINISO Group Holding Limited shares while 22.10% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 23.27%. There are 22.10% institutions holding the MINISO Group Holding Limited stock share, with Canada Pension Plan Investment Board the top institutional holder. As of Jun 29, 2023, the company held 4.36% of the shares, roughly 13.76 million MNSO shares worth $233.8 million.

Schroder Investment Management Group holds the second largest percentage of outstanding shares, with 2.04% or 6.44 million shares worth $109.39 million as of Jun 29, 2023.

Among Mutual Funds, the top two as of Apr 29, 2023 were Vanguard International Stock Index-Emerging Markets Stk and Vanguard International Stock Index-Total Intl Stock Indx. With 1.18 million shares estimated at $21.8 million under it, the former controlled 0.37% of total outstanding shares. On the other hand, Vanguard International Stock Index-Total Intl Stock Indx held about 0.36% of the shares, roughly 1.15 million shares worth around $21.2 million.

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