- Price & Trend: SBEV closed around $1.89 on Oct. 21, 2025, down ~1.6% on the day. The stock has rallied roughly 70% year-to-date (from about $0.70 in early 2025), though it remains far below its 52-week high near $13.59. Shares have been volatile, with large swings driven by news.
- Listing & Compliance: After missing exchange requirements earlier in 2025, Splash regained compliance with NYSE American standards in July 2025. (The NYSE had signaled delisting in April 2025.) Importantly, Splash’s common stock was kept on NYSE American, but the company’s warrants (SBEV-WT) were delisted in mid-2025 for low price.
- Major Deals: In July 2025 Splash announced a $500,000 international order for its new Pristine Costa Rica water brand. The deal, with UAE’s All Day Group, is the first big order for the $20M water source it acquired earlier, suggesting strong demand for this wellness product.
- Product Expansions: The company’s beverage brands have been moving into new channels. For example, Pulpoloco Sangria was picked up by Total Wine & More (115 stores in 8 states as of Dec 2024). Splash also rolled out TapouT Energy drinks (formulated with NFL star Drew Brees) in 2023, and continues to push its Copa di Vino single-serve wines and SALT Tequilas into additional retailers. (In 2024, SALT Tequila won approval in Pennsylvania liquor stores, for instance.)
- Insider Moves: Recent SEC filings show big equity grants to management. CFO Bill Devereux was granted 1,000,000 warrants (exercise $0.80) on July 31, 2025 [1], and President/CMO Bill Meissner got 750,000 warrants under the same terms [2]. These grants were board-approved and immediately vested, reflecting management’s long-term incentives.
- Analyst Sentiment: Coverage is limited and opinion is split. TipRanks notes one Wall Street analyst with a $2.00 12-month price target (about 10% above current). In contrast, StockAnalysis.com highlights a lone “Strong Buy” call with only a $0.50 target – illustrating how forecasts vary wildly. Overall consensus is weak: hardly any major firms cover SBEV. On the technical side, investing.com’s model overwhelmingly flags a “Strong Sell” bias, with 11 of 12 moving averages in a sell position and a low 14-day RSI (~42) indicating oversold conditions.
Stock Price and Performance
Splash Beverage Group (NASDAQ: SBEV) stock has seen dramatic swings in 2025. After trading under $1 for much of early 2025, the shares climbed steeply in the spring, peaking above $13.50. By late October however, SBEV sits around $1.9, down significantly from the highs. Year-to-date it’s up roughly 70%, but this masks wild volatility: for example, a single day move of -22% on April 7 (when NYSE compliance issues hit) and a +38% jump on June 26 (when the Costa Rica water deal was announced) can be seen in the trading record.
Chart snippet: FinViz data shows SBEV closing at $1.89 on Oct. 21, 2025 (−1.56% for the day). The stock’s YTD return is about +70%.
Despite the year’s gains, the stock remains at near-record lows relative to its spring peak. According to FinViz, SBEV’s 52-week range is $0.96–$13.59. This means the stock is down roughly 85% from its highs, reflecting profit-taking and renewed caution after the NYSE scare. The market capitalization is tiny (around $4.5M), so SBEV is a classic micro-cap with low liquidity (average volume only tens of thousands of shares). In short, prices are easily moved by news flow.
Compliance and Governance Updates
In early 2025 Splash faced an existential threat: it was listed on NYSE American (the former AMEX), and had fallen out of compliance with listing standards (notably minimum share price rules). In April 2025, NYSE American announced it would begin delisting proceedings for Splash’s common stock for failing to regain compliance. The company responded by raising capital and shoring up its balance sheet. By July 30, 2025 Splash had restored full compliance, prompting NYSE to remove the delisting flag. CEO Robert Nistico called this “an important achievement” reflecting the team’s efforts to strengthen the financial foundation. CFO Bill Devereux similarly emphasized a “fortified balance sheet” and focus on disciplined growth.
Meanwhile, Splash’s warrants (ticker SBEV-WT, exercisable at $184/share) were treated differently. In late July 2025 the company disclosed that NYSE American would commence delisting proceedings for those warrants. The warrants trade at essentially $0 (given the common stock price), so NYSE deemed them no longer suitable for listing. Splash did not appeal the warrant delisting, but clarified that the removal of warrants does not affect the common stock’s listing. Thus Splash’s stock remains on NYSE American.
Aside from exchange issues, Splash announced a corporate governance change in October 2025: its board amended the bylaws to clarify shareholder voting rules (effective Oct 13, 2025). The update states that, except where a higher threshold is legally required, a majority of votes cast by all shares entitled to vote will decide shareholder matters, and importantly broker non-votes are not counted in such votes. In other words, only actual votes cast by holders count – any shares where brokers do not vote will not be included. (This is mostly housekeeping to align with common corporate governance practice.)
Recent Corporate News
Major Order: Splash’s biggest headline of the summer was a new international distribution deal. On July 31, 2025 the company announced it had secured a $500,000 purchase order from All Day Group (UAE) for bottled water from its newly acquired Costa Rica spring. Splash had acquired rights to this spring earlier for around $20M, aiming to market the water under the “Pristine Costa Rica” brand. The UAE order – billed as the first “major international order” – validates that strategy. President/CMO Bill Meissner commented that the deal “is a major validation of our new water brand, confirming strong global demand for healthy, premium water”.
Partnerships & Retail Wins: Splash’s smaller brands have been quietly expanding in various retail channels over the past year. For example, late in 2024 the Pulpoloco sangria (an eco-friendly “carton-in-can” sangria) was picked up by Total Wine & More, a major wine/spirits chain. In December 2024 Splash announced Pulpoloco would be sold in 115 Total Wine stores across 8 states (AZ, CA, CO, FL, IL, NV, TX, VA). CMO Meissner called the Total Wine deal a “thrilling” validation that expands Pulpoloco’s reach to more wine enthusiasts. (Splash’s portfolio page notes it also owns the Copa di Vino wine brand and SALT tequila brand.)
Other partnerships: In mid-2024 Splash activated distribution in the convenience channel. For instance, its Copa di Vino and Pulpoloco products were rolled out into 650 Chevron/Maverik ExtraMile convenience stores in the Southwest in mid-2024. And Splash has been expanding its SALT Tequila (and new “Chispo” flavored tequila) distribution. A 2024 press release highlighted that Chocolate SALT Tequila gained Pennsylvania Liquor Control Board approval in 600 PA stores. (Earlier, in 2023 it got SALT into New York State). These moves show Splash leveraging its distributors (often through Anheuser-Busch channels) to push its spirits and wine offerings.
New Products: Splash’s flagship TapouT hydration brand has branched out. In early 2023 the company launched TapouT Energy drinks with NFL legend Drew Brees as a brand ambassador. The sports-focused energy drink comes in zero-sugar flavors and was touted as a “significant step” into the $12–28B energy drink market. Although the energy drink rollout is nearly two years old, it positions Splash in a high-growth category alongside brands like Celsius and Monster. Other portfolio details: Splash also markets Water Joe (coffee waters) and Squish (fruit purée snacks) via a subsidiary (not widely publicized), showing the company is diversified across several beverage categories.
Analyst and Market Commentary
With scant Wall Street coverage, SBEV’s outlook is hard to pin down. TipRanks reports just one Wall Street analyst with a 12-month view, setting an average price target of $2.00. This implies roughly 10% upside from current levels, a modest target given the stock’s historical volatility. By contrast, StockAnalysis.com cites a single analyst who oddly rated SBEV a “Strong Buy” while assigning a $0.50 target – effectively predicting a sharp drop. These widely divergent numbers underline the uncertainty: essentially, analysts have very little consensus on SBEV’s future.
Financially, Splash is unprofitable. Its trailing revenue is only a few million, with multi-million losses. The company’s books were recently cleaned up via debt-for-equity swaps and capital raises – a process the CFO emphasized as “fortifying the balance sheet”. Investors will await the next earnings (Q3 2025 expected in November) for more clarity on sales growth from these new channels.
Technical Signals: Chart-based indicators are overwhelmingly negative. Investing.com’s daily analysis currently shows 0 “buy” signals out of 12 major metrics – it flags SBEV as a “Strong Sell”. For example, the 50-day and 200-day moving averages are both pointed down (with the price below them), giving a bearish moving average summary (11 out of 12 MAs are Sell). The Relative Strength Index (14-day) is about 42, in the lower end of the neutral zone (near oversold). In short, technical momentum is weak. This isn’t surprising given the slide from the 2025 highs. Any near-term upside may require fresh positive catalysts.
Industry Context & Expert Views
The small size of Splash aside, beverage sector trends can influence sentiment. Major peers have been in the news recently. For instance, tech site TS2.Tech reports that Coca-Cola (KO) – the industry leader – just announced a board shake-up and raised its quarterly dividend. Coke is also innovating: it plans to introduce 7.5-oz “mini” cans and a cane-sugar Coca-Cola product in the U.S. this fall. TS2 notes that Wall Street is broadly bullish on Coke, with high price targets and consensus Buy ratings (KO’s 12-month targets average ~$76, about +12% upside). Analysts praise Coke’s stability in a tough macro (e.g. Truist calls it “one of the safest plays”).
By comparison, Splash is a highly speculative micro-cap in a crowded market. It does share the theme of “big beverage growth,” hoping to capture health/wellness and convenience trends (sparkling waters, functional drinks, single-serve wine, etc.). But macro headwinds are a factor: analysts warn that high inflation, rising rates, and the “Ozempic effect” (where consumers cut back on snacks/sugary drinks) could pressure all beverage sellers. On the other hand, a mild recovery or new product success (like Splash’s water or energy drinks) could reignite investor interest in this niche.
Conclusion: Mixed Signals for SBEV
In summary, Splash Beverage Group (SBEV) has picked up some positive momentum from new deals and compliance fixes, but it remains a risky bet. Recent news shows the company is pushing hard into new markets (water, energy drinks, tequila, wine), but the payoffs have yet to be proven in the numbers. The stock price reflects those uncertainties – it’s well off its 2025 peak and technical indicators are bearish, yet it has climbed far from last year’s lows.
Analysts and insiders themselves appear divided. Management talks up future growth and value (CFO: “outsized returns” from disciplined execution), while at least one analyst sees big downside. Anyone considering SBEV must weigh the potential of its unique niche products and recent international deals against its lack of profitability and small scale.
As Splash heads into its next quarterly report and beyond, key questions will be: Are sales of its newer products (water, sangria, tequila, energy drinks) accelerating? Can the company maintain its NYSE listing status without further dilution? In this speculative name, caution is warranted – the stock could pop on good news, but it could just as easily slide further if expectations aren’t met.
Sources: Recent SEC filings, press releases and newswires from Splash Beverage; stock tracker sites (FinViz); investing.com technical analysis; TipRanks analyst data; TS2.Tech sector analysis; and corporate press releases (NewMediaWire/BusinessWire). Each source is cited inline with specifics.
