The Boston Beer Company, Inc. (NYSE:SAM) is a stock to watch today. At current price of $402.2, the shares have already added 20.07 points (5.25% higher) from its previous close of $382.13. The stock sets an active trading volume day with a reported 120936 contracts so far this session. SAM shares had a relatively better volume day versus average trading capacity of 202.72 thousand shares, but with a 8.92 million float and a 2.97% run over a week, it’s definitely worth keeping an eye on. The one year price forecast for SAM stock indicates that the average analyst price target is $370.38 per share. This means the stock has a potential decrease of -7.91% from where the SAM share price has been trading recently which is between $378.59 and $384.95.
During the recent trading session for The Boston Beer Company, Inc. (NYSE:SAM), the company witnessed their stock rise $15.82 over a week and surge $12.3 from the price 20 days ago. When compared to their established 52-week high of $444.64, the high they recorded in their recent session happens to be lower. Their established 52-week high was attained by the company on 08/27/19. The recent low of $230.93 stood for a -9.55% since 04/01/19, a data which is good for most investors who are looking to take advantage of the stock’s recent rise. A beta of 0.6 is also allocated to the stock. Since the beta is less than one, it implies that the stock is more volatile than the market, a data that traders are keeping close attention to.
Looking at the current readings for The Boston Beer Company, Inc., the two-week RSI stands at 60.71. This figure suggests that SAM stock, for now, is neutral, meaning that the shares are stable in terms of price movement. The stochastic readings, on the other hand, based on the current SAM readings is similarly very revealing as it has a stochastic reading of 93.41% at this stage. This figure means that SAM share price today is being oversold.
Technical chart claims that The Boston Beer Company, Inc. (SAM) would settle between $385.19/share to $388.25/share level. However, if the stock price goes below the $378.83 mark, then the market for The Boston Beer Company, Inc. becomes much weaker. If that happens, the stock price might even plunge as low as $375.53 for its downside target. The stock is currently in the green zone of MACD, with the indicator reading 10.07. Traders are always alerted for the move of a stock above or below the zero line due to the fact that the reading is an indicator of the position of the short-term average relative to the long-term average. If the MACD is above the zero line, then the short-term average relative is above that of the long-term average, thus implying an upward momentum. Vice versa is the case if the MACD is below the zero line.
Analysts at Citigroup raised their recommendation on shares of SAM from Neutral to Buy in their opinion released on October 11. UBS analysts bumped their rating on The Boston Beer Company, Inc. (NYSE:SAM) stock from Sell to Neutral in a separate flash note issued to investors on October 04. Analysts at Deutsche Bank, made their first call for the equity with a Hold recommendation, according to a research note that dated back to September 27.
SAM equity has an average rating of 2.76, with the figure leaning towards a bullish end. 11 analysts who tracked the company were contacted by Reuters. Amongst them, 7 rated the stock as a hold while the remaining 4 were split even though not equally. Some analysts rate the stock as a buy or a strong buy while others rated it as a sell. 3 analysts rated The Boston Beer Company, Inc. (NYSE:SAM) as a buy or a strong buy while 1 advised that investors should desist from purchasing the stock or sell them if they already own the company’s stock.
Moving on, SAM stock price is currently trading at 34.04X forward 12-month Consensus EPS estimates, and its P/E ratio is 40.5 while for the average stock in the same group, the multiple is 33.8. The Boston Beer Company, Inc. current P/B ratio of 8.8 means it is trading at a premium against its industry’s 3.8.
The Boston Beer Company, Inc. (SAM)’s current-quarter revenues are projected to climb by nearly 18.7% to hit $364320, based on current consensus estimate. The firm’s full-year revenues are expected to expand by over 21.9% from $995650 to a noteworthy $1.21 billion. At the other end of the current quarter income statement, The Boston Beer Company, Inc. is expected to see its adjusted earnings surge by roughly -10.6% to hit $2.87 per share. For the fiscal year, SAM’s earnings are projected to climb by roughly 17.1% to hit $9.16 per share.