Home  »  Business   »  Is MINISO Group Holding Limited (NYSE:MNSO) still ...

Is MINISO Group Holding Limited (NYSE:MNSO) still hot stock after touching intraday high of $21.41?

How have the shares performed?

MINISO Group Holding Limited (MNSO) saw an uptrend of 0.43% in the recent trading with $21.00 being its most recent. The current price level -40.36% lower than the highest price of $35.21 marked by the stock while trading over the past 52-weeks, whereas it is 16.80% higher than the lowest price of $17.98 the company dropped to over past 52-weeks. The latest news story on MNSO appeared in PR Newswire under the title “MINISO Announces Unaudited Results for the Third Quarter of Fiscal Year 2021” on May-19-21.


3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free

Sponsored


>> 7 Top Picks for the Post-Pandemic Economy << 

Squeezing the time span to 30 day period shows us the stock is currently trading -16.57% below one month high and is +0.77% above of the lowest during that time. Looking into the simple moving average, MINISO Group Holding Limited (MNSO)’s stock stands at a SMA-50 of $23.97 while that of 5-day is reading $21.68.

Do analysts rate it as a buy, sell or hold?

Irrespective of recent performance, what’s important is what the future holds. In uncertain economic times, a clear picture is difficult to get. Analysts generally have a good understanding of the market works, which gives them a leg up in making predictions. Currently, the stock has been recommended as Strong Buy by 6 of the brokerage firms. Analyst ratings are often compiled into a single score from 1 to 5. The score of 1 signifies buy or strong buy, the score of 2 signifies outperform, the score of 3 means hold, and the score of 4 indicates underperform. The simple numeric range of brokerage firm referenced at the scale of 1 to 5 reads a current average recommendation of 1.70 for the stock.

MINISO Group Holding Limited Earnings – What Happened With MNSO

Coming around sales and income figures, publically trading companies under normal circumstances post earnings and revenues near to average estimates by the Wall Street analysts, but those could came either above or below estimates and known as surprise factor. MINISO Group Holding Limited (MNSO) last released financial results for the quarter that ended 3/30/2021, posting a surprise factor of 33.30% for net revenue. During the reported three-month period, company’s sales were $344.09 billion while analysts on average were estimating the same to be $361.3 million.

MNSO – MINISO Group Holding Limited Stock Earnings Estimates

The perspective of MINISO Group Holding Limited (NYSE:MNSO)’s current quarter earnings identifies that analysts are in consensus over the estimate of 0.06 for stock’s EPS in the current quarter. 1 analysts covering the stock at Wall Street were agreed upon that EPS consensus. Company’s EPS for the last quarter was 0.08.

Investors get the exact data about the key information of institutional ownership in a listed company through its 13F filings at the Stock Exchange Commission (SEC). The total number of common shares currently owned by the public is 303.98 million. MNSO does have institutional investors; and they hold 15.50% of the stock.

MINISO Group Holding Limited – Insider Activity and Holdings

As on Mar 30, 2021, Canada Pension Plan Investment Board was the top most holder in MINISO Group Holding Limited (NYSE:MNSO) with an ownership of 6.93 million shares of the company or 3.09% of the stake worth $166.35 million. The filing also reveals Schroder Investment Management Group as the second largest holder in the company with a control over 2.42% of the outstanding shares. Its stake is worth $130.45 million for having 5.43 million shares in hand.

Carmignac Gestion also came holding a key position in the company during the recent quarter and it now holds 2.03% of the outstanding shares. With this there are now 79 institutions which have possession in MNSO’s shares.

Currently, the stock has been recommended as Strong Buy by 6 of the brokerage firms. Analyst ratings are often compiled into a single score from 1 to 5. The score of 1 signifies buy or strong buy, the score of 2 signifies outperform, the score of 3 means hold, and the score of 4 indicates underperform. The simple numeric range of brokerage firm referenced at the scale of 1 to 5 reads a current average recommendation of 1.70 for the stock.

The liquidity is a key characteristic of any stock and is the main point of focus of both short-term as well as long term investors before start trading into a stock. In recently reported quarter, current ratio recorded by MINISO Group Holding Limited was 1.51 while posting a debt to equity ratio of 0.09.

MINISO Group Holding Limited’s return on equity, or ROE, is -160.80%, compared to the industry average of 4.55% for Consumer Cyclical – Specialty Retail. Although this indicates that MNSO fails to use its equity well, the metric will vary significantly depending on the industry.

>> 7 Top Picks for the Post-Pandemic Economy << 

Technical Analysis of MINISO Group Holding Limited (NYSE:MNSO) stock

Leave a Comment

Your email address will not be published. Required fields are marked *

More Posts

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

SPECIAL GIFT

WE HAVE A GIFT FOR YOU

Download Free eBook For

7 GROWTH STOCKS FOR 2021

100% free. stop anytime no spam

SPECIAL GIFT

WE HAVE A GIFT FOR YOU

Download Free eBook For

7 GROWTH STOCKS FOR 2021

100% free. stop anytime no spam