Is MINISO Group Holding Ltd ADR (NYSE:MNSO) A Strong Comeback Candidate At -83.84% Off Its High?

In last trading session, MINISO Group Holding Ltd ADR (NYSE:MNSO) saw 3.0 million shares changing hands with its beta currently measuring 0.17. Company’s recent per share price level of $15.16 trading at -$1.31 or -7.95% at ring of the bell on the day assigns it a market valuation of $4.71B. That closing price of MNSO’s stock is at a discount of -83.84% from its 52-week high price of $27.87 and is indicating a premium of 17.48% from its 52-week low price of $12.51. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 3.12 million shares which gives us an average trading volume of 2.60 million if we extend that period to 3-months.

For MINISO Group Holding Ltd ADR (MNSO), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.52. Splitting up the data highlights that, out of 2 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 0 suggested the stock as a Hold whereas 2 see the stock as a Buy. 0 analyst(s) advised it as an Underweight.

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MINISO Group Holding Ltd ADR (NYSE:MNSO) trade information

Upright in the red during last session for losing -7.95%, in the last five days MNSO remained trading in the red while hitting it’s week-highest on Monday, 10/14/24 when the stock touched $15.16 price level, adding 19.92% to its value on the day. MINISO Group Holding Ltd ADR’s shares saw a change of -24.60% in year-to-date performance and have moved -18.14% in past 5-day. MINISO Group Holding Ltd ADR (NYSE:MNSO) showed a performance of 0.13% in past 30-days. Number of shares sold short was 4.28 million shares which calculate 0.97 days to cover the short interests.

Wall Street analysts have assigned a consensus price target of 14.91 to the stock, which implies a fall of -1.68% to its current value. Analysts have been projecting 13 as a low price target for the stock while placing it at a high target of 26.8. It follows that stock’s current price would jump 14.25% in reaching the projected high whereas dropping to the targeted low would mean a gain of 14.25% for stock’s current value.

In 2024, company’s earnings growth rate is likely to be around 56.05% while estimates for its earnings growth in next 5 years are of 20.33%.

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

KEYWISE CAPITAL MANAGEMENT (HK) LTD is the top institutional holder at MNSO for having 5.19 million shares of worth $98.92 million. And as of 2024-06-30, it was holding 1.6643 of the company’s outstanding shares.

The second largest institutional holder is SCHRODER INVESTMENT MANAGEMENT GROUP, which was holding about 4.95 million shares on 2024-06-30. The number of shares represents firm’s hold over 1.5882 of outstanding shares, having a total worth of $94.4 million.