National Beverage Corp stock hits 52-week low at $38.24

National Beverage Corp stock reached a 52-week low, touching $38.24, amid a challenging year for the company. Over the past 12 months, the stock has experienced a significant decline, with a 1-year change of -13.86%. According to InvestingPro analysis, the stock’s RSI indicates oversold territory, potentially presenting a tactical opportunity for investors. This downturn reflects broader market trends and specific challenges faced by the company, impacting investor sentiment. Despite the recent pressure, the company maintains robust fundamentals with a healthy current ratio of 3.24 and impressive return on assets of 29.48%. The recent low marks a notable point for the stock, as it continues to navigate a competitive market environment. Investors will be closely monitoring the company’s strategies to rebound from this low point and improve its market standing. InvestingPro subscribers can access 8 additional key insights about National Beverage Corp’s current position and future potential.

In other recent news, National Beverage Corp. reported first-quarter earnings that fell short of analyst expectations. The company posted earnings per share of $0.60, slightly below the projected $0.61. Revenue for the quarter reached $331 million, missing the consensus estimate of $336.06 million, although it marked a record level for the company. Despite improvements in price and product mix, net sales were affected by a slight decline in case volume. UBS maintained its Sell rating on National Beverage, with a price target of $40.00, citing concerns over volume. The earnings per share were in line with UBS estimates, driven by better-than-expected gross margins, but overall sales significantly missed forecasts due to lower volumes. These recent developments highlight ongoing challenges for National Beverage as it navigates market expectations.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.