- The FEVR stock price is trading at 1288 GBX.
- It is forming a symmetrical triangle.
- The FEVR stock has been traded with a volume of 85.291K in the last trading session.
Fevertree Drinks Plc (LSE: FEVR) was founded by Charles Timothy Rolls and Timothy Daniel Gray Warrillow in 2004. This British company produces premium drink mixers. The company manufactures and supplies premium carbonated drinks. It sells its products under the Fever-Tree brand name to bars and restaurants.
Fevertree Drinks (FEVR) Stock: Financial Analysis
The Fevertree Drinks PLC’s revenue has grown consistently over the last three years. From 2020, the company’s revenue increased from 252.10 Million GBP to 311.10 Million GBP in 2021. It showed a growth of 23.40% compared to the previous year. The company increased its revenue to 344.30 Million GBP in 2022 with a growth of 10.67% compared to the previous year.
In 2020, the company’s gross profit was 112.50 Million GBP. It increased to 126.20 Million GBP in 2021 with a growth of 12.18% compared to the previous year. However, the company’s gross profit declined by 10.46% in 2022. It only generated a gross profit of 113M GBP.
The company’s net income also showed a growth of 6.95% from 41.70 Million GBP in 2020 to 44.60 Million GBP in 2021. In 2022, the company’s net income declined by 44.17%, where it only generated a net income of 24.90 Million GBP.
The company’s total debts have also increased over the last three years. It increased from 1.90 Million in 2020 to 2.90 Million in 2021, and then to 16.90 Million in 2022. It is seen as risky for investors to invest their money if the company’s debts increase at this rate.
The company’s EPS has declined in the last three years from 2020 to 2022.
This company has been consistently growing its revenue but the other variables remain inconsistent over the last three years. The company has also increased its total debts. This firm needs to reduce its debt to show consistent growth in every factor such as revenues, gross profit, net income, and EPS.
Fevertree Drinks (FEVR) Stock: Technical Analysis
In March 2023, the FEVR stock experienced a gap-up scenario after which the price started to move up and reached the high of 1489 GBX. The price after reaching there started to face rejection. It fell to the 1113 GBX support zone.
Afterward, the price was trading inside the symmetrical triangle pattern. Currently, the price opened below the symmetrical triangle and went back inside it. The price is also trading in a range of 1210 GBX to 1445 GBX. If the price gives the breakdown of the 1210 GBX, it may fall to 1113 GBX.
However, if the price gives a breakout of the 1445 GBX level, it may rise to the 1490 GBX resistance level. Afterward, it could consolidate in the range of 1445 GBX to 1490 GBX. Otherwise, the price could trade in a wider range of 1210 GBX to 1445 GBX.
Technical Indicators’ Prediction About the Current Trend
The FEVR price is trading in between the 50 and 200 EMAs, indicating that there is a equal control of buyers and sellers over the price.
The relative strength index is at 47.34. The RSI line is in neutral territory. This indicates that the FEVR price is facing pressure from the buyers as well as sellers. It is causing indecisive behaviour over the price.
Conclusion
The Freetree Drinks stock price is currently neutral, but the finances of the company have been showing inconsistent growth. It is trading in a wider range of 1210 GBX to 1445 GBX. If the price gives the breakdown of the 1210 GBX, it may fall to 1113 GBX.
However, if the price gives a breakout of the 1445 GBX level, it may rise to the 1490 GBX resistance level. Afterward, it could consolidate in the range of 1445 GBX to 1490 GBX.
Technical levels
Resistance levels: 1445 GBX and 1490 GBX.
Support levels: 1210 GBX and 1113 GBX.
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational purposes only. They do not establish financial, investment, or other advice. Investing or trading comes with a risk of financial loss.
