Maxim Group’s target price suggests a potential upside of 50.00% from the stock’s current price.
Separately, Aegis initiated coverage on shares of New Age Beverages Corp in a research note on Monday, May 1st. They set a “buy” rating and a $6.25 price target for the company.
New Age Beverages Corp (NASDAQ:NBEV) opened at 4.00 on Thursday. The stock’s 50 day moving average is $4.02 and its 200 day moving average is $3.70. New Age Beverages Corp has a 52 week low of $1.26 and a 52 week high of $5.84.
In other news, Director Timothy J. Haas purchased 15,000 shares of the company’s stock in a transaction that occurred on Thursday, April 13th. The stock was purchased at an average cost of $3.85 per share, with a total value of $57,750.00. Following the purchase, the director now owns 3,400 shares in the company, valued at $13,090. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
New Age Beverages Corp Company Profile
The New Age Beverage Corporation, formerly Bucha, Inc, is a healthy functional beverage company. The Company is the owner of XingTea, XingEnergy, Aspen Pure and the Bucha Live Kombucha brands. The Company’s bucha Live Kombucha is a gluten free, organic certified, sparkling kombucha tea and is distributed in health and grocery chains across North America.
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