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National Beverage Corp stock has reached a 52-week low, trading at $37.30. This milestone reflects a challenging year for the company, as the stock has experienced a 1-year change of -18.12%. InvestingPro analysis indicates the stock is in oversold territory, with a strong balance sheet showing more cash than debt and a healthy current ratio of 3.24. The beverage company’s stock has been under pressure, possibly due to shifting market dynamics and competition within the industry. Despite these challenges, the company maintains solid fundamentals with $1.2B in revenue and a gross profit margin of 37.17%. This 52-week low underscores the volatility and challenges faced by National Beverage Corp in the current economic climate. Investors will be closely monitoring the company’s performance and strategic initiatives to assess potential recovery or further declines. InvestingPro subscribers can access additional insights and 8 more exclusive ProTips about FIZZ’s outlook.
In other recent news, National Beverage Corp. reported first-quarter earnings and revenue that did not meet analyst expectations. The company posted earnings per share of $0.60, falling short of the anticipated $0.61. Revenue was recorded at $331 million, slightly below the consensus estimate of $336.06 million, despite being a record for the company. The increase in net sales was attributed to price and product mix improvements, although there was a slight decline in case volume. UBS has reiterated its Sell rating on National Beverage, maintaining a price target of $40.00. This decision was influenced by concerns over lower volumes, even though the company’s gross margins were better than expected. These developments highlight ongoing challenges for National Beverage as it navigates market conditions.
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