|Bid||6.11 x 2200|
|Ask||6.15 x 3200|
|Day's Range||5.70 - 6.30|
|52 Week Range||1.30 - 9.99|
|Beta (3Y Monthly)||3.60|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||9.00|
CORAL GABLES, FL / ACCESSWIRE / February 22, 2019 / The marijuana stock market has taken over media headlines over the course of the past few years, during the course of which top players in the cannabis industry have seen a substantial increase in investor interest. Considering the innovative approaches companies in the sector are taking to develop high-quality products for cannabis consumers, it makes perfect sense that this had resulted in the excitement surrounding the market. In addition to the positive shift in public opinion, lawmakers across the global cannabis space are putting forth legislation in favor of legalizing marijuana.
New Age Beverage Corporation (NBEV) closed the most recent trading day at $6.31, moving -0.94% from the previous trading session.
New Age Beverages (NBEV) bills itself as a "Colorado-based healthy beverage company," producing a variety of ready-to-drink (RTD) teas, coffees, coconut waters and energy drinks under brand names such as XingTea, XingEnergy, Coco-Libre, and Aspen Pure. But let's call a spade a spade: Most people investing in New Age Beverages stock these days are probably buying it for the weed.In September last year, New Age announced plans to begin selling a new line of drinks laced with cannabidiol (CBD), more than tripling its own market cap in the space of a month. Although the stock has come down a bit since, it's still up roughly 90% over the past year. Investors who've put their faith in New Age will now be looking for confirmation that they've backed the right horse.When might they get this confirmation they seek? That's actually not 100% certain. New Age has not yet named an official date for the release of its Q4 and full-year 2018 earnings. Q3 results came out more than a month ago -- Nov. 14 -- so New Age's next update is actually a bit overdue already. That fact is only likely to make investors more anxious to see the Q4 results when they are released.And what kind of numbers can we expect when the results arrive?Northland analyst Mike Grondahl, who follows New Age Beverage stock, updated his expectations for the stock's fiscal fourth quarter. Rating the stock "outperform" and positing an $8 price target on this stock, which currently fetches just $6 and change, Grondahl nonetheless adopted a conservative tone. (To watch Grondahl's track record, click here)New Age's acquisition of Morinda late last year, for example, won't have had much effect on New Age's sales or earnings in Q4, in as much as New Age will only have owned Morinda (and its $240 million-a-year revenue stream) for just a few days before New Age closed its books on the quarter.Nor does Grondahl expect much to have come of New Age's efforts to secure retailer partnerships for its drinks -- at least not yet. New shelf space at retailers doesn't generally open up for reallocation before March, April or May, notes the analyst, so any progress on that front won't be felt before Q1 2019 at the earliest -- and more likely, Q2. This being the case, Grondahl has ratcheted back his expectations for Q4 2018 revenues by about 12%, to $13.3 million.2019 could still be a big year for New Age, however. With Morinda in-house, Grondahl is looking for full-year 2019 sales to surge towards $315 million. Assuming $240 million of that comes from Morinda, and the balance from New Age proper, this implies that the core business will grow sales as much as 45% year over year, from the $51.7 million that most analysts believe it produced in 2018. Grondahl further expects New Age to turn profitable this year, breaking even in Q1, and growing steadily to end the year with $0.10 in GAAP earnings.Now, all we need is for New Age to get a move on and release earnings and confirm that for us.Check out the articles in this category focused on cannabis stocks. By gaining a strong foundation in both the fundamentals and technical details usually involved in cannabis stocks, you’ll be able to invest with greater confidence. More recent articles about NBEV: * Buffett to Release Annual Letter on Saturday; Barclays Weighs in on Berkshire Hathaway Stock * Kraft Heinz (KHC): There Goes the Buy Rating, Merrill Lynch Downgrades the Stock * The Pros and Cons of Owning Tilray (TLRY) Stock * The Green Organic Dutchman (TGODF): The Most Undervalued Marijuana Stock You Can Buy?
With the global CBD movement supercharged by the 2018 U.S. Farm Bill, cannabis and beverage companies alike are officially beginning to launch CBD-infused beverage products in the U.S. market. In the order of being first-to-market based on what we know, here are four companies looking to shape the CBD-infused beverage industry. Recently, the Alkaline Water Company (WTER) (WTER.V), one of the fastest growing alkaline water companies in the U.S., announced that it had launched the first phase of its “A88 Infused Beverage Division” product line—with hemp infused alkaline water products to follow shortly.
If all of this attention surrounding the cannabis sector continues at its current rate, this may result in an influx of investors looking to the marijuana stock market for opportunities. Nabis Holdings (INNPF) (NAB), HEXO Corp (HEXO), New Age Beverages Corporation (NBEV), and Aurora Cannabis Inc (ACB) are four cannabis companies heating up on Wednesday. Nabis Holdings (INNPF) (NAB) is a Canadian investment company focused on investing in high-quality cash flowing and strategic assets across multiple aspects of the cannabis sector primarily in the U.S. limited license states with a roadmap to expand globally.
HENDERSON, NV / ACCESSWIRE / February 20, 2019 / In the last month, the CBD space has had some interesting developments, mostly in relation to its relationship to the beverage industry. Well-known CBD ...
Companies in the cannabis sector typically run into the issue of ascertaining credit because traditional banking institutions are restricted from working with them, given the federal legalities of it all. According to several top research firms, cannabis is set to be worth as much as $31 billion by the end of 2022, which means that there is quite a bit of room left to grow for companies in the space. As the cannabis market continues to traverse new territories, Nabis Holdings (INNPF) (NAB), Tilray Inc (TLRY), New Age Beverages Corporation (NBEV), and Pyxus International Inc (PYX) are four cannabis companies picking up speed on Friday.
PepsiCo (PEP) reports in-line earnings in fourth-quarter 2018 while sales top estimates. Strong performances in international divisions, along with strength in FLNA and NAB segments, boost results.
The legalization of hemp and hemp-derived CBD has created a major opportunity for beverage makers to tap into a new market. Youngevity International (NASDAQ: YGYI) also added two CBD beverages to its line of hemp-derived CBD products HempFX. The OTC stock traded up 31 percent at 58 cents per share Thursday afternoon.
Coca-Cola (KO) delivers in-line earnings and sales in fourth-quarter 2018. However, concerns regarding increased impacts of currency fluctuations are likely to mar results in 2019.
Premier Health Group (OTC:PHGRF) (CSE:PHGI), Aurora Cannabis Inc (NYSE: ACB, TSX: ACB), Cronos Group Inc (CRON), and New Age Beverages Corporation (NBEV) represent four cannabis worth keeping on your radar. Premier Health Group (OTC:PHGRF) (CSE:PHGI) is a company determined to meet the challenges of our ever-evolving healthcare system. The Company's subsidiary, HealthVue, currently boasts an ecosystem of over 100,000 active patients and plans to rapidly increase that number both domestically and internationally.
Mugglehead says cannabis beverages are going to be the talk of 2019. Since securing its deal with Constellation Brands, Inc. (STZ), all eyes have been on Canopy Growth and what it plans to do in the beverages space. Recently, it also announced it would be injecting an additional CAD $30 million into Canopy Rivers Inc. (RIV.V), its investing arm.
HENDERSON, NV / ACCESSWIRE / February 6, 2019 / The beverage industry tends to consolidate; companies like Coke, Pepsi, and Keurig Dr. Pepper have been acquiring emerging brands, aggressively such as Core ...
Although the Farm Bill doesn't explicitly reference anything about marijuana, the bill's section on hemp will have major implications for companies that manufacture and distribute products containing hemp. The cannabis industry as a whole is scheduled to be worth as much as $31 billion by the year 2022, which means that there is a large amount of room left still to grow. Nabis Holdings (INNPF) (NAB), Cronos Group Inc (NASDAQ: CRON, TSX: CRON), New Age Beverages Corporation (NBEV), and Pyxus International Inc (PYX) are four cannabis companies focused on improving the quality of life for their consumers.
HENDERSON, NV / ACCESSWIRE / February 1, 2019 / Several stocks under $10 are either beginning parabolic breakouts or on the verge of one and investors should be aware. One tech play that you should look ...
The product was launched in three test markets: the U.S., Taiwan, and Japan. New Age Beverages plans to expand Noni+Collagen's launch into more than 50 additional markets in Europe, Latin America and Asia-Pacific.
DENVER, CO / ACCESSWIRE / January 30, 2019 / New Age Beverages Corporation (NASDAQ: NBEV), the Colorado and Utah-based company intending to become the world's leading healthy beverage and liefstyles company, today announced the global expansion of its Noni+Collagen product, following achievement of over $4 million in revenue in its first two months in initial test markets. New Age's Morinda Division created the Noni+Collagen product, and is offering the brand in 50 ml glass bottle shots, positioned as a once-daily use, sold in three 10-packs for a 30-day supply. The skin-healthy collagen supplement, built on a foundation of pure Tahitian Noni Juice, became Morinda's most successful launch in company history since the original launch of Tahitian Noni Juice more than 20 years ago.
HENDERSON, NV / ACCESSWIRE / January 30, 2019 / Investors are already setting their sights on CBD-infused beverages; CBD-infused coffee, tea, alkaline water, and basically any consumable liquid could reach ...
New Age Beverages (NASDAQ:NBEV) has become a backdoor cannabis stock. With most of its current line of products, it does not stand out among beverage companies. However, a move into CBD-infused drinks could be the game changer NBEV stock needs. Source: Shutterstock Back in October, I recommended NBEV stock as a high-risk, backdoor play on marijuana. Admittedly, I made this call one month early. Legal status in Canada became a "sell the news" event for any stock involved with cannabis. NBEV lost more than half of its value over the next month. InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 7 High-Dividend Stocks Yielding More Than 5% (Plus a Bonus) ### NBEV Stock and CBD-Infused Drinks Since mid-November, NBEV has more than doubled in value. In that time, interest in the market has risen. Anheuser-Busch InBev (NYSE:BUD) has partnered with Tilray (NASDAQ:TLRY) to research cannabis drinks. The U.S. has also legalized hemp. This allows New Age to sell CBD-infused beverages in all 50 states. As the maker of Aspen Pure, Xing Energy, and Bucha Live Kombucha, it would not make for a particularly exciting stock. However, its Marley+CBD Mellow Mood brand could become a game changer. This CBD-infused drink will first become available in four states with legalized cannabis. Now, success in those states could lead to its availability nationwide soon. Moreover, its CFO Gregory Gould comes in with a biotech and life sciences background. Such knowledge gives NBEV a leg up in bringing CBD-infused products to market. ### NBEV Faces an Uncertain Market Infused beverages have seen a mixed history. As my colleague Dana Blankenhorn points out, Coca-Cola (NYSE:KO) got its start in infused beverages as it contained cocaine for a brief part of its history. Also, as our own Will Ashworth reminds us, NBEV could follow the path of Monster Beverage (NASDAQ:MNST). This company, formerly known as Hansen's Natural Corporation, changed its name due to the success of its energy drink. Still, for every Monster Beverage-type success, we see multiple stories comparable to that of Jones Soda (OTCMKTS:JSDA). Their use of unique flavors dazzled the market for a time, but an attempted move into the canned soda market pushed it back into obscurity. So this begs the question of whether NBEV will follow the path of MNST or JSDA? The short answer is "we do not know." This leaves NBEV in the realm of speculation. ### Will NBEV Lead the Way? Still, I think the speculation lies in company execution more than in its product. The Tilray-InBev alliance focuses on research. Also, the investment by Constellation Brands (NYSE:STZ) in Canopy Growth (NYSE:CGC) has not yet brought a CBD-infused beverage to market. Hence, NBEV appears poised to take the first-mover advantage. This could help establish a moat, at least from a brand perspective. Investors should also remember that even though Monster's lead product holds a smaller market share than Red Bull, MNST still became a $30-plus billion company. With New Age's new product, the $510 million NBEV could become the Monster or Red Bull of CBD-infused drinks. Still, these beverages have now become legal nationwide. Hence, it will have to get its product out to the 50 states and beyond quickly. It will also have to build a loyal customer base that will remain as peers roll out competing products. We do not yet know which companies will lead the way in this market. Also, whether consumers show a sustained interest in CBD-infused drinks remains unknown. However, if New Age Beverage stock can make itself the investment name in CBD-infused beverages, it could enjoy a bright future. ### The Bottom Line on NBEV Stock Although speculative, CBD-infused drinks could become the product that sends NBEV stock higher in the years to come. Thanks to hemp legalization, New Age can now offer CBD-infused products across the country. NBEV stock has risen in recent weeks following hemp achieving legal status. However, with this industry in its infancy, it remains unclear whether New Age Beverage stock will become the Monster Beverage of CBD-infused drinks. New Age has a new product and a leadership team with experience in a related industry. However, it must move quickly to have any hope of establishing a brand moat before competitors enter the market. Still, if one holds some speculative cash and believes in the management team, they might see huge gains over the next few years by buying NBEV stock. As of this writing, Will Healy did not hold a position in any of the aforementioned stocks. You can follow Will on Twitter at @HealyWriting. ### More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Stocks to Buy With High ESG Momentum * 7 Chinese Stocks to Buy Now * 5 Dow Jones Stocks Under Pressure Compare Brokers The post NBEV Stock Is a Plausible, If Risky, Path to CBD-Infused Gains appeared first on InvestorPlace.
CORAL GABLES, FL / ACCESSWIRE / January 28, 2019 / The marijuana stock market has been a hotbed of excitement over the course of the past few years. With so many new legal initiatives occurring throughout the industry in North America and beyond, these variables have fallen into place that have allowed for more favorable opinion surrounding cannabis. Some studies have shown that the global cannabis industry is potentially worth as much as $50 billion which should continue to grow as we move toward the future.
HENDERSON, NV / ACCESSWIRE / January 28, 2019 / Below are some of the best small-micro and mid cap opportunities on the market today. One that may want to look at right away is Gopher Protocol Inc. (GOPH) ...
HENDERSON, NV / ACCESSWIRE / January 25, 2019 / Below are some of the best small-micro cap opportunities on the market today. One that may want to look at right away is Gopher Protocol Inc. (GOPH) , an ...