MINISO Group Holding Ltd ADR (MNSO) 20 Days SMA touches 17.42%: The odds favor the bear

On Tuesday, MINISO Group Holding Ltd ADR (NYSE: MNSO) opened lower -5.54% from the last session, before settling in for the closing price of $24.71. Price fluctuations for MNSO have ranged from $12.51 to $25.50 over the past 52 weeks.

Here's Your FREE Report on the #1 Small-Cap Uranium Stock of '24.

Small-cap Uranium stocks are booming in 2024! The company we're about to show you is the ONLY small-cap stock in the space that benefits from ALL aspects of the global Uranium industry with none of the risks of running a mine. Smart investors will not be hesitating on this one!

Get the FREE Report with all the details here.


Sponsored

Over the past five-year period, the growth rate of yearbook sales for the company of the Consumer Cyclical sector was 10.06%. Company’s average yearly earnings per share was noted 54.32% at the time writing. With a float of $307.30 million, this company’s outstanding shares have now reached $310.69 million.

Considering the fact that the conglomerate employs 4964 people, you should pay attention to its efficiency factor. In terms of profitability, gross margin is 43.08%, operating margin of 19.81%, and the pretax margin is 20.67%.

MINISO Group Holding Ltd ADR (MNSO) Insider Activity

A key investor’s attitude towards the stock of the Specialty Retail industry is another important factor to consider. The insider ownership of MINISO Group Holding Ltd ADR is 0.85%, while institutional ownership is 11.51%.

MINISO Group Holding Ltd ADR (MNSO) Earnings and Forecasts

Wall Street market experts anticipate that the next fiscal year will bring earnings of 2.34 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around 54.32% per share during the next fiscal year.

MINISO Group Holding Ltd ADR (NYSE: MNSO) Trading Performance Indicators

Check out the current performance indicators for MINISO Group Holding Ltd ADR (MNSO). In the past quarter, the stock posted a quick ratio of 1.66. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.97.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 1.19, a number that is poised to hit 0.37 in the next quarter and is forecasted to reach 1.49 in one year’s time.

Technical Analysis of MINISO Group Holding Ltd ADR (MNSO)

Compared to the last year’s volume of 1.89 million, its volume of 2.02 million showed improvement in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 84.54%. Additionally, its Average True Range was 1.26.

During the past 100 days, MINISO Group Holding Ltd ADR’s (MNSO) raw stochastic average was set at 84.68%, which indicates a significant increase from 77.95% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 85.76% in the past 14 days, which was higher than the 76.40% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $19.07, while its 200-day Moving Average is $19.19. Nevertheless, the first resistance level for the watch stands at $23.75 in the near term. At $24.17, the stock is likely to face the second major resistance level. The third major resistance level sits at $24.57. If the price goes on to break the first support level at $22.93, it is likely to go to the next support level at $22.53. Should the price break the second support level, the third support level stands at $22.11.

MINISO Group Holding Ltd ADR (NYSE: MNSO) Key Stats

There are currently 314,645K shares outstanding in the company with a market cap of 7.23 billion. Presently, the company’s annual sales total 541,040 K according to its annual income of 89,550 K. Last quarter, the company’s sales amounted to 644,460 K and its income totaled 91,450 K.