Molson Coors Beverage Company (TAP) Stock: Navigating the Market Volatility

In the past week, TAP stock has gone up by 0.77%, with a monthly gain of 9.75% and a quarterly surge of 11.40%. The volatility ratio for the week is 1.32%, and the volatility levels for the last 30 days are 1.67% for Molson Coors Beverage Company The simple moving average for the last 20 days is 3.25% for TAP’s stock, with a simple moving average of 8.10% for the last 200 days.

Is It Worth Investing in Molson Coors Beverage Company (NYSE: TAP) Right Now?

Molson Coors Beverage Company (NYSE: TAP) has a price-to-earnings ratio that is above its average at 15.63x. The stock has a 36-month beta value of 0.84. Opinions on the stock are mixed, with 4 analysts rating it as a “buy,” 3 as “overweight,” 4 as “hold,” and 2 as “sell.”

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The public float for TAP is 190.00M, and at present, short sellers hold a 5.28% of that float. On April 03, 2024, the average trading volume of TAP was 1.66M shares.

TAP) stock’s latest price update

Molson Coors Beverage Company (NYSE: TAP)’s stock price has soared by 1.28 in relation to previous closing price of 67.33. Nevertheless, the company has seen a gain of 0.77% in its stock price over the last five trading days. Fox Business reported 2024-04-02 that The Teamsters union is calling for a nationwide boycott of Molson Coors amid stalled talks with striking workers, asking that beer drinkers switch to Anheuser-Busch products.

Analysts’ Opinion of TAP

Many brokerage firms have already submitted their reports for TAP stocks, with Piper Sandler repeating the rating for TAP by listing it as a “Neutral.” The predicted price for TAP in the upcoming period, according to Piper Sandler is $69 based on the research report published on March 22, 2024 of the current year 2024.

HSBC Securities, on the other hand, stated in their research note that they expect to see TAP reach a price target of $68. The rating they have provided for TAP stocks is “Hold” according to the report published on November 30th, 2023.

Jefferies gave a rating of “Hold” to TAP, setting the target price at $62 in the report published on November 13th of the previous year.

TAP Trading at 7.09% from the 50-Day Moving Average

After a stumble in the market that brought TAP to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -3.82% of loss for the given period.

Volatility was left at 1.67%, however, over the last 30 days, the volatility rate increased by 1.32%, as shares surge +9.38% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +9.12% upper at present.

During the last 5 trading sessions, TAP rose by +0.77%, which changed the moving average for the period of 200-days by +1.10% in comparison to the 20-day moving average, which settled at $66.33. In addition, Molson Coors Beverage Company saw 11.40% 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 TAP starting from Joubert Tracey, who sale 2,771 shares at the price of $60.37 back on Feb 12 ’24. After this action, Joubert Tracey now owns 60,538 shares of Molson Coors Beverage Company, valued at $167,285 using the latest closing price.

Winnefeld James A Jr, the Director of Molson Coors Beverage Company, purchase 100 shares at $59.02 during a trade that took place back on Nov 03 ’23, which means that Winnefeld James A Jr is holding 16,093 shares at $5,902 based on the most recent closing price.

Stock Fundamentals for TAP

Current profitability levels for the company are sitting at:

  • 0.12 for the present operating margin
  • 0.37 for the gross margin

The net margin for Molson Coors Beverage Company stands at 0.08. The total capital return value is set at 0.06. Equity return is now at value 7.33, with 3.63 for asset returns.

Based on Molson Coors Beverage Company (TAP), the company’s capital structure generated 0.32 points at debt to capital in total, while cash flow to debt ratio is standing at 0.33. The debt to equity ratio resting at 0.48. The interest coverage ratio of the stock is -11.97.

Currently, EBITDA for the company is 2.33 billion with net debt to EBITDA at 3.12. When we switch over and look at the enterprise to sales, we see a ratio of 1.7. The receivables turnover for the company is 13.31for trailing twelve months and the total asset turnover is 0.44. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.70.

Conclusion

To sum up, Molson Coors Beverage Company (TAP) has seen a better performance recently. Analysts have differing views on the stock, with some seeing 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.

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