Chagee (NASDAQ:CHA) Hits New 1-Year Low – Time to Sell?

Chagee Holdings Limited – Sponsored ADR (NASDAQ:CHA) reached a new 52-week low on Monday . The stock traded as low as $12.99 and last traded at $13.54, with a volume of 750253 shares trading hands. The stock had previously closed at $14.58.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Chagee in a research note on Monday, December 1st. JPMorgan Chase & Co. began coverage on shares of Chagee in a research report on Friday, November 14th. They issued an “underweight” rating and a $14.20 price target on the stock. Wall Street Zen downgraded shares of Chagee from a “hold” rating to a “sell” rating in a research note on Saturday. Finally, Macquarie initiated coverage on shares of Chagee in a research note on Friday, September 5th. They issued a “neutral” rating and a $19.00 price objective for the company. Four research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $32.73.

Chagee Trading Down 6.5%

The stock has a market cap of $2.50 billion and a PE ratio of 15.49. The company has a fifty day moving average price of $15.60.

Chagee (NASDAQ:CHA) last posted its quarterly earnings data on Friday, November 28th. The company reported $0.29 earnings per share for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.07). The company had revenue of $450.67 million for the quarter, compared to the consensus estimate of $458.31 million.

Chagee Dividend Announcement

The firm also recently disclosed a dividend, which will be paid on Monday, December 15th. Investors of record on Monday, December 8th will be issued a dividend of $0.92 per share. The ex-dividend date is Monday, December 8th.

Institutional Trading of Chagee

A number of hedge funds and other institutional investors have recently bought and sold shares of CHA. JPMorgan Chase & Co. bought a new stake in shares of Chagee during the second quarter worth $26,000. Quantbot Technologies LP bought a new stake in Chagee during the 3rd quarter valued at about $34,000. Federated Hermes Inc. purchased a new stake in Chagee in the 2nd quarter valued at about $172,000. FACTORIAL MANAGEMENT Ltd purchased a new stake in Chagee in the 2nd quarter valued at about $178,000. Finally, Polymer Capital Management HK LTD bought a new position in Chagee in the 3rd quarter worth about $182,000.

Chagee Company Profile

Our Mission With every cup of our tea, we aspire to foster a global connection of people and cultures. Our Vision To modernize the tea-drinking experience through technology and innovation. Our Core Values “Customer First” is the foundational philosophy of how we make decisions and run our business. “Caring for Partners” is the core value that defines how we interact with consumers, franchise partners, suppliers, and employees.