The stock price of Monster Beverage Corp. (NASDAQ: MNST) has plunged by -2.60 when compared to previous closing price of 59.28, but the company has seen a -2.96% decline in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-03-29 that Monster Beverage (MNST) reported earnings 30 days ago. What’s next for the stock?
Is It Worth Investing in Monster Beverage Corp. (NASDAQ: MNST) Right Now?
Monster Beverage Corp. (NASDAQ: MNST) has a higher price-to-earnings ratio of 37.46x compared to its average ratio. MNST has 36-month beta value of 0.72. Analysts have mixed views on the stock, with 10 analysts rating it as a “buy,” 4 as “overweight,” 4 as “hold,” and 0 as “sell.”
The public float for MNST is 752.38M, and currently, short sellers hold a 1.66% ratio of that float. The average trading volume of MNST on April 02, 2024 was 5.24M shares.
MNST’s Market Performance
MNST’s stock has seen a -2.96% decrease for the week, with a -2.30% drop in the past month and a 0.56% gain in the past quarter. The volatility ratio for the week is 1.79%, and the volatility levels for the past 30 days are at 1.63% for Monster Beverage Corp. The simple moving average for the last 20 days is -2.99% for MNST stock, with a simple moving average of 3.01% for the last 200 days.
Analysts’ Opinion of MNST
UBS, on the other hand, stated in their research note that they expect to see MNST reach a price target of $63, previously predicting the price at $62. The rating they have provided for MNST stocks is “Neutral” according to the report published on February 29th, 2024.
RBC Capital Mkts gave a rating of “Outperform” to MNST, setting the target price at $65 in the report published on February 29th of the current year.
MNST Trading at 0.72% from the 50-Day Moving Average
After a stumble in the market that brought MNST to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -5.69% of loss for the given period.
Volatility was left at 1.63%, however, over the last 30 days, the volatility rate increased by 1.79%, as shares sank -1.79% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +0.86% upper at present.
During the last 5 trading sessions, MNST fell by -2.96%, which changed the moving average for the period of 200-days by -0.76% in comparison to the 20-day moving average, which settled at $59.47. In addition, Monster Beverage Corp. saw 0.23% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at MNST starting from HALL MARK J, who sale 659,000 shares at the price of $58.55 back on Mar 04 ’24. After this action, HALL MARK J now owns 777,840 shares of Monster Beverage Corp., valued at $38,584,450 using the latest closing price.
Carling Guy, the President of EMEA of Monster Beverage Corp., sale 34,553 shares at $55.55 during a trade that took place back on Dec 14 ’23, which means that Carling Guy is holding 0 shares at $1,919,419 based on the most recent closing price.
Stock Fundamentals for MNST
Current profitability levels for the company are sitting at:
- 0.19 for the present operating margin
- 0.36 for the gross margin
The net margin for Monster Beverage Corp. stands at 0.16. The total capital return value is set at 0.23. Equity return is now at value 21.38, with 18.07 for asset returns.
Based on Monster Beverage Corp. (MNST), the company’s capital structure generated 0.0 points at debt to capital in total, while cash flow to debt ratio is standing at 97.95. The debt to equity ratio resting at 0.0. The interest coverage ratio of the stock is 16.97.
Currently, EBITDA for the company is 1.95 billion with net debt to EBITDA at -1.15. When we switch over and look at the enterprise to sales, we see a ratio of 5.52. The receivables turnover for the company is 8.78for trailing twelve months and the total asset turnover is 1.08. The liquidity ratio also appears to be rather interesting for investors as it stands at 4.81.
Conclusion
To put it simply, Monster Beverage Corp. (MNST) has had a mixed performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
