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What is Wall Street's Target Price for Newage Inc (NBEV) Stock Tuesday?

Tuesday, December 21, 2021 03:42 PM | InvestorsObserver Analysts

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What is Wall Street's Target Price for Newage Inc (NBEV) Stock Tuesday?

InvestorsObserver is giving Newage Inc (NBEV) an Analyst Rating Rank of 54, meaning NBEV is ranked higher by analysts than 54% of stocks. The average price target for NBEV is $5.583 and analyst’s rate the stock as a Strong Buy.

Overall Score - 4.5
Wall Street analysts are rating NBEV a Strong Buy today. Find out what this means to you and get the rest of the rankings on NBEV!

Why are Analyst Ratings Important?

Analysts know the inner workings of the companies they follow better than anyone but the companies’ management. You can learn a lot about a company from studying the financial statements, but analysts ask questions on conference calls and understand the intricacies of each of the businesses they cover. Analysts understand how bad weather in one part of the world can disrupt supply chains, or disrupt shopping patterns. This lets traders make decisions **before** a quarterly report that could be worse than expected. InvestorsObserver aggregates the ratings of all the analysts covering a given stock, takes the average of those ratings and then percentile ranks the averages. That provides a level of granularity that is significantly better than just the three levels provided by traditional buy/hold/sell ratings.

What's Happening With Newage Inc Stock Today?

Newage Inc (NBEV) stock is trading at $1.15 as of 3:42 PM on Tuesday, Dec 21, a rise of $0.07, or 7.01% from the previous closing price of $1.07. The stock has traded between $1.08 and $1.16 so far today. Volume today is low. So far 639,568 shares have traded compared to average volume of 2,146,850 shares. Click Here to get the full Stock Report for Newage Inc stock.

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