Shares of
In fact, it may be an opportune time to catch $WBEV shares at a price
Indeed, it's an undivided presence that could send revenues for the quarter significantly higher and exponentially increase the popularity of
Billed as an event unlike any other, built by New Yorkers for New Yorkers, the festival features 4 stages and over 70 acts, a food program that features the City's best eats, visual artists from NYC and around the world, and a beverage program that features popular name brands, craft, spirits, cocktail concoctions, and plenty of non-alcoholic options.
Utilizing a one-of-a-kind 360° festival layout prevents sound bleed and eliminates long walks between stages. Further, the Ball includes art installations in the form of mural towers, huge statues, high-flying inflatables, and unannounced pop-up performances that promotors say will surprise and delight. Put simply, the event transforms
Still, the event's highlight from an investor's perspective could be that WBEV's
Event Could Expose Valuation Disconnect
In fact, it could further expose a valuation disconnect already identified by
Keep in mind that their bullish forecast likely didn't include
That's excellent news that should fuel already impressive growth. In fact, Q4 revenues surpassed Craig-Hallums' prior forecast, with net sales jumping 10% y/y to
Moreover, accelerating operational performance and progress made to maximize opportunities in its wholesale distribution channel also led the analyst to suggest that the stock represents an attractive risk/reward at current levels. He noted that at just 0.6x CY22 EV/sales, the market is missing this opportunity and is valuing
Core Brands Show Impressive Growth
Digging deeper, WBEV's five core brands grew 47% y/y in 2021, and cases sold surged by 167,000, up nearly 50% y/y in 2021. The even better news is that its core brands, led by
Notably, on the valuation front, its report suggests the opportunity is compelling at 0.6x CY22 EV/sales, adding that the market ignores the early signs that
Thus, it's likely that investors that picked up on the Governors Ball presence are taking advantage of a valuation disconnect too good to ignore, presuming, perhaps correctly, that sales and brand exposure from that event could have a powerful revenue-generating impact for the remainder of this year.
Undoubtedly, this past week, investors seem to think that's the case. And with WBEV stock off its weekly highs and news of the placement likely imminent, trading ahead of the announcement, which should be considered a catalyst, is a wise and timely consideration.
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