Following these proceedings, Citigroup initiated its MINISO Group Holding Ltd ADR [MNSO] rating to a Buy in a research note published on October 04, 2024; the price target was $26.80. A number of analysts have revised their coverage, including JP Morgan’s analysts, who decreased its forecast for the stock in late September from “an Overweight” to “a Neutral”. Jefferies also remained covering MNSO and has decreased its forecast on September 24, 2024 with a “Hold” recommendation from previously “Buy” rating. BofA Securities revised its rating on September 23, 2024. It rated MNSO as “an Underperform” which previously was an “a Buy”.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Price Performance Review of MNSO
On Tuesday, MINISO Group Holding Ltd ADR [NYSE:MNSO] saw its stock fall -7.35% to $18.92. Over the last five days, the stock has gained 0.32%. MINISO Group Holding Ltd ADR shares have fallen nearly -5.90% since the year began. Nevertheless, the stocks have fallen -22.25% over the past one year. While a 52-week high of $27.87 was reached on 05/13/24, a 52-week low of $12.51 was recorded on 09/24/24. SMA at 50 days reached $16.17, while 200 days put it at $19.22.
Levels Of Support And Resistance For MNSO Stock
The 24-hour chart illustrates a support level at 18.19, which if violated will result in even more drops to 17.45. On the upside, there is a resistance level at 19.50. A further resistance level may holdings at 20.07. The Relative Strength Index (RSI) on the 14-day chart is 59.16, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.76, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 28.13%. Stochastics %K at 85.81% indicates the stock is a selling.
How much short interest is there in MINISO Group Holding Ltd ADR?
A steep rise in short interest was recorded in MINISO Group Holding Ltd ADR stocks on 2024-09-13, growing by 0.35 million shares to a total of 5.73 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 5.38 million shares. There was a rise of 6.1%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on April 30, 2024 when JP Morgan began covering the stock and recommended ‘”an Overweight”‘ rating along with a $30 price target.
