Redux And Future Potential: India Globalization Capital, Inc. (IGC), New Age Beverages Corporation (NBEV)

GRIMALDI CLAUDIA, Vice President and PFO, sold 116,020 shares of the India Globalization Capital, Inc. (NYSE:IGC) in an exchange that happened on August 30th, 2018. The stock was sold at an average price of $2.00 per share, amounting to a transaction worth $232,040. The sale was made public in a document filed with the SEC. Additionally, Exec. Chairman & CEO MUKUNDA RAM sold 50,000 shares of this stock in a transaction that took place on August 30th, 2018. The stock was sold at an average price of $1.87 per share, for a total exchange amounting to $93,260. After the transaction, the Exec. Chairman & CEO MUKUNDA RAM currently holds 2,224,760 shares of the company’s stock, which is worth approximately $11346276.

With this stock price’s latest movement, it is now -65.02% away from its 1-year high and 1316.27% higher than its 1-year low price. In the past seven days, the stock price volatility for India Globalization Capital, Inc. was 27.80%, whereas its volatility in the past 30 days has been 27.76%. This public company’s stock also has a beta score of 3.77. When the beta value is less/more than 1, it can imply that the stock is less/more volatile than the wider stock market – a metric that traders will surely be keeping tabs on.

India Globalization Capital, Inc. (NYSE:IGC) most recently published its quarterly earnings results on Thursday 08/02/2018. The publicly-traded organization reported revenue of $1.68 million for the quarter, compared to the average analyst forecast calling for $2.28 million, which was missing the analyst consensus estimate.

Shares of India Globalization Capital, Inc. (IGC) surged 5.81%, amounting to a gain of $0.28 per share, to finish the regular trading session at $5.10 on Wednesday 10/10/2018. After beginning the session at $5.8, shares of India Globalization Capital, Inc. reached as high as $5.81 during the day, while hitting a 1-day low of $4.81. Trade volume reached 15,724,906 shares against this stock’s average daily volume of 13.60M shares, with a total float of 27.91M. As a consequence of the price increase, India Globalization Capital, Inc. now has a current market value of 269.33M.

New Age Beverages Corporation (NASDAQ:NBEV) added 5.06% to its trading price by the close of the most recent session, jumping from its previous closing price of $5.73 to $6.02. This stock increased in value by -25.77% during the last 7-day period, and experienced a loss of 254.12% over the past 30-day period. In the past three months, this stock’s price grew by 210.31% , and added 225.41% to its price during the last six months of trading. NBEV demonstrated a yearly price gain of 118.91% , while its year-to-date (YTD) price performance has been up 177.42% . This stock’s price changed by +363.08% compared to its 90-day low, and moved down -39.74% comparing to its 90-day high price.

Have a quick look on short, medium and long-term indicators. According to the Composite Indicator, Trendspotter rated the NBEV stock as “Buy”. In the short-term, New Age Beverages Corporation (NBEV) has a 20-day average volume of 46,799,332 shares and short-term indicators sets the NBEV stock as “ 40% Buy ” on average basis. In the medium-term, NBEV stock has a 50-Day average volume of 19,730,494 shares and medium-term indicators gave the average rating of “ 25% Buy ”, while in the long-term period the FB stock has a 100-Day average volume of 10,016,860 shares. On average, long-term indicators rated the stock as “100% Buy ”. The overall picture from all short, medium and long-term indicators sets the NBEV stock as “56% Buy ” on average basis.

Recently, multiple brokerages have sent out reports on NBEV. Maxim Group, for example, Downgrade its rating on shares of New Age Beverages Corporation from “Buy ” to a “ Hold”according to a research note from Friday September 21st, 2018. Northland Capital Initiated their target price for this stock to $3, while giving the stock a “Outperform” rating, as stated in a research report from Tuesday, September 4th, 2018. Maxim Group, on the other hand, Reiterated a “Buy” rating on this stock, while posting a $6 price target on shares of this company’s stock in a research note dated Friday, November 17th, 2017.

In other news related to New Age Beverages Corporation stock, 10.13% shares of NBEV held by institutions. The total number of institutions who held the NBEV shares was 34, according to most recent SEC filling. During the past quarter, total 5,005,112 shares held by institutions with the net change of -105,413 shares. In the meantime, 0 new institutions bought the shares of New Age Beverages Corporation for the first time and 1 institutions sold all their holdings in the company’s common stock. 1 institutions increased their investment in the NBEV stock and 1 institutions decreased their investment in the New Age Beverages Corporation (NBEV)’s stock during the last quarter.