New Age BeveragesIn the last three years, New Age Beverages (NASDAQ: NBEV) has gained more than 2000% on the stock market. Originally an over-the-counter listing, the company is now fully listed on the NASDAQ exchange. The company develops beverages from natural ingredients and has plans for CBD (cannabidiol) drinks in the future. The legalization of industrial hemp in the United States has allowed the company to explore new products in a market that is expected to be worth tens of billions in the next five years.

Investors should be fully aware that this is a high-risk stock with a history of volatility. New Age Beverages competes with large established companies like Coca Cola and Pepsi, and it has suffered production shortfalls in the last year. However, Chief Executive Brent Willis recently reassured investors that the financials aren’t representative of underlying strength. Resources have been expanded across 60 countries to explore new concepts, ingredients, and revenue generation opportunities.

Revenue has increased from under $1 million in 2013, to over $52 million at the end of the 2017 fiscal year. The next annual earnings are likely to contract, but overall the growth in a brief period has been impressive. Analysts currently recommend a BUY rating on this stock with a price target $8.75 in the current fiscal year. With the right conditions, this stock could double in value from its selling price today.

Key Data:

  • 1 Year Price Growth: 96%
  • YTD Price Growth: -4.62%
  • 3 Month Price Growth: -8.49%

All information is based on current and historical market data, as well as publicly available financial data. As with any financial decision, your own research is important. Stock market outcomes can never be 100% accurately predicted. Familiarity with historical data, individual industries, and individual stocks is key to developing a robust portfolio. Note that stock prices can fluctuate rapidly during trading sessions.