In the last trading session, 2.05 million MINISO Group Holding Ltd ADR (NYSE:MNSO) shares changed hands as the company’s beta touched 0.17. With the company’s per share price at $16.46 changed hands at $1.3 or 8.58% during last session, the market valuation stood at $5.11B. MNSO’s last price was a discount, traded about -69.32% off its 52-week high of $27.87. The share price had its 52-week low at $12.51, which suggests the last value was 24.0% up since then. When we look at MINISO Group Holding Ltd ADR’s average trading volume, we note the 10-day average is 2.71 million shares, with the 3-month average coming to 2.63 million.
Analysts gave the MINISO Group Holding Ltd ADR (MNSO) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.52. If we narrow down to specifics, the data shows that 0 out of 2 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 0 recommended MNSO as a Hold, 2 felt it is a Buy and 0 rated the stock as Underweight. MINISO Group Holding Ltd ADR’s EPS for the current quarter is expected to be 0.32.
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MINISO Group Holding Ltd ADR (NYSE:MNSO) trade information
Instantly MNSO was in green as seen at the end of in last trading. With action -8.96%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -18.14%, with the 5-day performance at -8.96% in the red. However, in the 30-day time frame, MINISO Group Holding Ltd ADR (NYSE:MNSO) is -1.20% down. Looking at the short shares, we see there were 4.28 million shares sold at short interest cover period of 0.97 days.
The consensus price target for the stock as assigned by Wall Street analysts is 14.91, meaning bulls need a downside of -10.4% from its current market value. According to analyst projections, MNSO’s forecast low is 13 with 26.8 as the target high. To hit the forecast high, the stock’s price needs a -62.82% plunge from its current level, while the stock would need to tank 21.02% for it to hit the projected low.
Consensus estimates given by 5 financial analysts project the company’s revenue in the current quarter to hit an average of 653.23M. 4 analysts are of the opinion that MINISO Group Holding Ltd ADR’s revenue for the current quarter will be 692.45M. The company’s revenue for the corresponding quarters a year ago was 531.55M and 535.22M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 22.90%. The estimates for the next quarter sales put growth at 29.40%.
The 2024 estimates are for MINISO Group Holding Ltd ADR earnings to increase by 55.57%, but the outlook for the next 5-year period is at 20.33% per year.
MNSO Dividends
MINISO Group Holding Ltd ADR is expected to release its next quarterly earnings report on 2024-Nov-18. The 1.67% annual yield figure for the share gives it an annual dividend of 0.27. It is important to note, however, that the 1.67% 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.
SCHRODER INVESTMENT MANAGEMENT GROUP holds the second largest percentage of outstanding shares, with 1.5882% or 4.95 million shares worth $94.4 million as of 2024-06-30.
Among Mutual Funds, the top two as of Jun 30, 2024 were VanEck Emerging Markets Fund and Fidelity Strategic Advisers Emerging Markets Fund . With 372.0 shares estimated at $6.12 million under it, the former controlled 0.12% of total outstanding shares. On the other hand, Fidelity Strategic Advisers Emerging Markets Fund held about 0.05% of the shares, roughly 169.41 shares worth around $2.79 million.
