Is There More Upside Ahead For MINISO Group Holding Ltd ADR (NYSE: MNSO)

MINISO Group Holding Ltd ADR (MNSO) concluded trading on Thursday at a closing price of $18.05, with 1.13 million shares of worth about $20.42 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -18.77% during that period and on October 24, 2024 the price saw a gain of about 0.33%. Currently the company’s common shares owned by public are about 310.83M shares, out of which, 308.04M shares are available for trading.

Stock saw a price change of 19.06% in past 5 days and over the past one month there was a price change of 28.93%. Year-to-date (YTD), MNSO shares are showing a performance of -10.23% which decreased to -34.85% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $12.51 but also hit the highest price of $27.87 during that period. The average intraday trading volume for MINISO Group Holding Ltd ADR shares is 2.67 million. The stock is currently trading 0.34% above its 20-day simple moving average (SMA20), while that difference is up 8.78% for SMA50 and it goes to -4.81% lower than SMA200.

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MINISO Group Holding Ltd ADR (NYSE: MNSO) currently have 310.83M outstanding shares and institutions hold larger chunk of about 14.82% of that.

The stock has a current market capitalization of $5.61B and its 3Y-monthly beta is at 0.17. PE ratio of stock for trailing 12 months is 15.34, while it has posted earnings per share of $1.18 in the same period. Its PEG reads 0.75 and has Quick Ratio of 1.92 while making debt-to-equity ratio of 0.20. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for MNSO, volatility over the week remained 3.78% while standing at 6.38% over the month.

Stock’s fiscal year EPS is expected to rise by 54.52% while it is estimated to increase by 23.36% in next year.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Citigroup on October 04, 2024 offering a Buy rating for the stock and assigned a target price of $26.80 to it. Stock get an Overweight rating from JP Morgan on April 30, 2024.

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