2023-05-25 00:20:00
On May 24, 2023, 4:43 p.m., Boston Beer shares are listed on their home market in New York at a price of USD 330.68. The company belongs to the Breweries segment.
We analyzed the prospects for Boston Beer across 7 key categories. The stock receives a partial rating for each category. In an overall view, the results lead to the classification as “Buy”, “Hold” or “Sell”.
1. Industry comparison share price: Boston Beer achieved a performance of -1.11 percent over the past 12 months. Similar stocks in the “Beverages” industry are up an average of 13.91%, which means that Boston Beer underperformed -15.01% relative to the industry. The “Consumer Staples” sector had a median return of 22.09 percent last year. Boston Beer was 23.2 percent below that average. Underperformance in both industry and sector comparisons leads to a “Sell” rating in this category.
2. Relative Strength Index: The Relative Strength Index (RSI) is a well-known means of technical analysis to assess whether a security is currently “overbought” or “oversold”. This sets price movements in relation to time. We consider the 7-day and 25-day RSI for Boston Beer. Let’s start with the 7-day RSI, which is currently 2.92 points. That means Boston Beer is currently oversold. The share is therefore classified as “Buy”. What about the 25-day RSI? The RSI25 comes in at 43.33 which means Boston Beer is neither overbought nor oversold here unlike the RSI7. The security is therefore classified differently as “Hold”. The bottom line is that Boston Beer is rated “Buy” for this point in our analysis.
3. Analyst Opinion: The analysts who have rated the stock over the past 12 months see the Boston Beer as follows: Overall, it is a “Hold” as it has 0 Buc, 1 Hold, 1 Sell ratings . There are no analyst updates on Boston Beer from the last month. The price target of the analysts for the Boston Beer is interesting. On average, this is in the amount of 0 USD. This means that the share price will therefore develop by -100 percent, since the price was last listed at USD 330.68. There is a “Sell” rating for this. The analysts’ study therefore leads to a “buy” rating overall.
Buy, Hold or Sell – Your Boston Beer Analysis dated 25.05. gives the answer:
How will Boston Beer develop now? Is an entry worthwhile or should investors rather sell? Find out the answers to these questions and why you need to act now in the latest Boston Beer Analysis.
1684978612
#Boston #Beer #share #dont #youre #missing