Uncovering Institutional Buying In MINISO Group Holding Ltd ADR (NYSE: MNSO)

Currently, there are 310.69M common shares owned by the public and among those 307.30M shares have been available to trade.

The company’s stock has a 5-day price change of 36.81% and 33.29% over the past three months. MNSO shares are trading 13.49% year to date (YTD), with the 12-month market performance down to -8.60% lower. It has a 12-month low price of $12.51 and touched a high of $26.10 over the same period. MNSO has an average intraday trading volume of 3.01 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 24.26%, 26.88%, and 20.25% respectively.

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Institutional ownership of MINISO Group Holding Ltd ADR (NYSE: MNSO) shares accounts for 11.51% of the company’s 310.69M shares outstanding.

It has a market capitalization of $7.07B and a beta (3y monthly) value of 0.14. The stock’s trailing 12-month PE ratio is 19.13, while the earnings-per-share (ttm) stands at $1.19. The company has a PEG of 0.94 and a Quick Ratio of 1.66 with the debt-to-equity ratio at 0.22. Price movements for the stock have been influenced by the stock’s volatility, which stands at 4.61% over the week and 3.73% over the month.

Earnings per share for the fiscal year are expected to increase by 55.03%, and 23.60% over the next financial year.

Looking at the support for the MNSO, a number of firms have released research notes about the stock. Citigroup stated their Buy rating for the stock in a research note on October 04, 2024, with the firm’s price target at $26.80. JP Morgan on their part issued Overweight rating on April 30, 2024.

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