Stock market today: Nasdaq closes above 23,000 for first time as tech rebounds
National Beverage Corp stock has reached a new 52-week low, trading at 36.25 USD. According to InvestingPro data, the stock’s RSI indicates oversold territory, while the company maintains strong financial health with a profit score of 4.32. The stock has declined by 21.14% over the past year. The beverage company, known for its popular LaCroix brand, has faced challenges in a competitive market, which may have contributed to this decline. Despite market pressures, the company maintains solid fundamentals with a healthy current ratio of 3.24 and impressive return on assets of 29.48%. The recent low underscores the volatility in the beverage sector and highlights the pressures on companies to innovate and capture consumer interest in a rapidly changing industry landscape. InvestingPro offers 6 additional key insights about National Beverage’s market position and growth potential.
In other recent news, National Beverage Corp. reported first-quarter earnings that did not meet analyst expectations. The company posted earnings per share of $0.60, slightly below the anticipated $0.61. Revenue reached a record $331 million but fell short of the consensus estimate of $336.06 million. Despite the revenue record, net sales were impacted by a decline in case volume, although price and product mix improvements provided some offset. UBS maintained its Sell rating on National Beverage, citing volume concerns, and set a price target of $40.00. The firm’s earnings per share aligned with UBS estimates, but sales significantly lagged due to lower volumes. These developments reflect ongoing challenges for the company in meeting market expectations.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.