MINISO Group Holding Limited (NYSE: MNSO) is 0.19% higher on its value in year-to-date trading and has touched a low of $17.98 and a high of $35.21 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The MNSO stock was last observed hovering at around $27.53 in the last trading session, with the day’s loss setting it -1.09% off its average median price target of $220.61 for the next 12 months. It is also 88.83% off the consensus price target high of $236.74 offered by 6 analysts, but current levels are 87.57% higher than the price target low of $212.70 for the same period.
Currently trading at $26.44, the stock is 2.69% and 2.70% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.31 million and changing -3.96% at the moment leaves the stock 4.99% off its SMA200. MNSO registered a gain of 38.87% in past 6-months. The firm has a 50-day simple moving average (SMA 50) of $25.86 and a 200-day simple moving average (SMA200) of $25.07.
The stock witnessed a 17.30% loss in the last 1 month and extending the period to 3 months gives it a -14.76%, and is -1.34% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 4.12% over the week and 5.22% over the month.
MINISO Group Holding Limited (MNSO) has around 3011 employees, a market worth around $8.04B and $7.56B in sales. Fwd P/E is 37.77. Distance from 52-week low is 47.05% and -24.91% from its 52-week high.
MINISO Group Holding Limited (MNSO) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for MINISO Group Holding Limited (MNSO) is a “Buy”. 6 analysts offering their recommendations for the stock have an average rating of 1.70, where 0 rate it as a Hold and 1 think it is a “Overweight”. 5 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
MINISO Group Holding Limited is expected to release its quarterly report on 02/24/2022 and quarterly earnings per share for the current quarter are estimated at $0.06 with sales reaching $342.49M over the same period., but quarterly earnings will post 0.20% year-over-year.
MINISO Group Holding Limited (MNSO) Top Institutional Holders
84 institutions hold shares in MINISO Group Holding Limited (MNSO), with institutional investors hold 11.97% of the company’s shares. The shares outstanding are 303.98M, and float is at 30.94M with Short Float at 15.25%. Institutions hold 11.97% of the Float.
The top institutional shareholder in the company is Canada Pension Plan Investment Board with over 4.6 million shares valued at $121.39 million. The investor’s holdings represent 2.05% of the MNSO Shares outstanding. As of Dec 30, 2020, the second largest holder is Price (T.Rowe) Associates Inc with 3.38 million shares valued at $89.27 million to account for 1.51% of the shares outstanding. The other top investors are Schroder Investment Management Group which holds 2.23 million shares representing 0.99% and valued at over $58.76 million, while Carmignac Gestion holds 0.87% of the shares totaling 1.94 million with a market value of $51.29 million.