Splash Beverage Group (SBEV) appears to be a good buy. Here's why:
- Strong Analyst Consensus: The consensus rating for SBEV is a "Strong Buy" with an average price target of $1, which represents a significant upside from the current price12.
- Recent Developments: The company has secured statewide authorization for its SALT Naturally Flavored Tequila in Pennsylvania2, expanded its distribution coverage5, and launched its test programs for Copa di Vino in select Walmart stores6. These developments suggest growth potential for the company.
- Technical Indicators: The stock's 5-day moving average is $0.3, the 10-day moving average is $0.31, and the 50-day moving average is $0.277. The current price is $0.282, indicating a potential upward trend.
- Fund Flow: There was a net fund flow of $3,807.78 into the stock on the last available date8, which could be a positive sign of investor confidence.
- Market Sentiment: Despite a recent sell signal from a pivot top point, there is a buy signal from the 3-month Moving Average Convergence Divergence (MACD), suggesting potential for a turnaround6.
- Long-Term Forecast: Wall Street analysts predict an average price target of $1.00 by June 25, 2025, indicating a potential upside of 365.12% from the current price4.
In conclusion, the combination of a "Strong Buy" rating, positive recent developments, and favorable technical indicators suggests that SBEV could be a good buy. However, investors should consider their own risk tolerance and investment goals before making any investment decisions.