Think Again, Think Ahead: New Age Beverages Corporation (NBEV), Huntington Bancshares Incorporated (HBAN)

New Age Beverages Corporation (NBEV) sank -12.94% this week, a trend that has led to both investors and traders taking note of the stock. Over the past one year, the equity price has embarked on a rally that has seen it rise 105.47% and is now up by 22.88% since start of this year. A look at its monthly performance shows that the stock has recorded a 3.4% gain over the past 30 days. Its equity price climbed by 36.25% over the past three months which led to its overall six-month increase to stand at 255%.

Experts from research firms are bullish about the near-term performance of New Age Beverages Corporation with most of them predicting a $9 price target on a short-term (12 months) basis. The average price target by the analysts will see a 40.85% rise in the stock and would lead to NBEV’s market cap to surge to $692.73M. The stock has been rated an average 2.3, which roughly stands towards the bearish end of the spectrum. Reuters looked into the 4 analysts that track New Age Beverages Corporation (NASDAQ:NBEV) and find out that 1 of them rated it as a Hold. 3 of the 3 analysts rated it as a Buy or a Strong Buy while 0 advised investors to desist from buying the stock or sell it if they already possess it.

A look at NBEV technical analysis shows that its 14-day Relative Strength Index (RSI) is in a neutral zone after reaching 47.29 point. Its trading volume has lost -5205296 shares compared to readings over the past three months as it recently exchanged 8454704 shares. This means there is reduced activity from short-term traders as per session, its average trading volume is 13660000 shares, and this is 0.62 times the normal volume.

Analysts have predicted a price target for Huntington Bancshares Incorporated (HBAN) for 1 year and it stands at an average $15.18/share. This means that it would likely increase by 9.52% from its current position. The current price of the stock has been moving between $13.81 and $14.05. Some brokerage firms have a lower target for the stock than the average, with one of them setting a price target as low as $13. On the other hand, one analyst is super bullish about the price, setting a target as high as $18.

Analysts view Huntington Bancshares Incorporated (NASDAQ:HBAN) as a Hold, with 2.5 consensus rating. Reuters surveyed 22 analysts that follow HBAN and found that 14 of those analysts rated the stock as a Hold. The remaining 8 were divided, with 8 analyst rating it as a Buy or a Strong Buy while 0 analysts advised investors to desist from buying Huntington Bancshares Incorporated (HBAN) shares or sell it if they already own it.