In today’s recent session, 1.54 million shares of the MINISO Group Holding Ltd ADR (NYSE:MNSO) have been traded, and its beta is 0.15. Most recently the company’s share price was $19.95, and it changed around -$0.67 or -3.25% from the last close, which brings the market valuation of the company to $6.20B. MNSO at last check was trading at a discount to its 52-week high of $27.87, offering almost -39.7% off that amount. The share price’s 52-week low was $12.51, which indicates that the recent value has risen by an impressive 37.29% since then. We note from MINISO Group Holding Ltd ADR’s average daily trading volume that its 10-day average is 8.34 million shares, with the 3-month average coming to 2.41 million.
MINISO Group Holding Ltd ADR stock received a consensus recommendation rating of Buy, based on a mean score of 1.52. If we narrow it down even further, the data shows that 0 out of 13 analysts rate the stock as a Sell; another 5 rate it as Overweight. Among the rest, 0 recommended MNSO as a Hold, whereas 8 deemed it a Buy, and 0 rated it as Underweight. MINISO Group Holding Ltd ADR is expected to report earnings per share of 0.33 for the current quarter.
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MINISO Group Holding Ltd ADR (NYSE:MNSO) trade information
Instantly MNSO has been showing red trend so far today with a performance of -3.25% on intraday trading today. The performance over the last five days has remained in the green territory. The rise to weekly highs of 21.34 on recent trading dayincreased the stock’s daily price by 6.51%. The company’s shares are currently down -0.78% year-to-date, but still up 13.74% over the last five days. On the other hand, MINISO Group Holding Ltd ADR (NYSE:MNSO) is 24.14% up in the 30-day period. We can see from the shorts that 5.73 million shares have been sold at a short interest cover period of 3.44 day(s).
The consensus price target as assigned by Wall Street analysts is $14.91, which translates to bulls needing to decrease their stock price by -33.8% from its current value. Analyst projections state that MNSO is forecast to be at a low of $13 and a high of $26.8.
MINISO Group Holding Ltd ADR (MNSO) estimates and forecasts
Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will gain 13.80% in revenue this quarter, and will report an increase of 30.00% in the next quarter.
Consensus estimates provided by 5 financial analysts predict the company will bring in an average of 660.99M in revenue for the current quarter. 4 analysts expect MINISO Group Holding Ltd ADR to make 700.68M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 531.55M and 535.22M respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 24.40%. Forecasts for the next quarter put sales growth at 30.90%.
MINISO Group Holding Ltd ADR earnings are expected to increase by 53.74% in 2024, but the outlook is positive 20.33% per year for the next five years.
MNSO Dividends
MINISO Group Holding Ltd ADR’s next quarterly earnings report is expected to be released on 2024-Nov-18. The annual dividend yield of the stock is 1.38 percent and its annual dividend per share was 0.27. It is important to note, however, that the 1.38% dividend yield ratio should be regarded as a guide only, as many other factors should be taken into consideration before making any investment decision.
MINISO Group Holding Ltd ADR (NYSE:MNSO)’s Major holders
SCHRODER INVESTMENT MANAGEMENT GROUP, with 1.5882% or 4.95 million shares worth $94.4 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
VanEck Emerging Markets Fund and Fidelity Strategic Advisers Emerging Markets Fund were the top two Mutual Funds as of Jun 30, 2024. The former held 372.0 shares worth $7.37 million, making up 0.12% of all outstanding shares. On the other hand, Fidelity Strategic Advisers Emerging Markets Fund held roughly 169.41 shares worth around $3.36 million, which represents about 0.05% of the total shares outstanding.
