Monster Beverage Corp. (NASDAQ: MNST) has a higher price-to-earnings ratio of 34.48x compared to its average ratio, The 36-month beta value for MNST is at 0.74. Analysts have varying views on the stock, with 10 analysts rating it as a “buy,” 4 rating it as “overweight,” 4 as “hold,” and 0 as “sell.”
The public float for MNST is 756.27M, and currently, shorts hold a 1.87% of that float. The average trading volume for MNST on April 22, 2024 was 5.25M shares.
MNST) stock’s latest price update
Monster Beverage Corp. (NASDAQ: MNST)’s stock price has dropped by -0.60 in relation to previous closing price of 53.46. Nevertheless, the company has seen a loss of -3.40% in its stock price over the last five trading days. Zacks Investment Research reported 2024-04-18 that Investors looking for ways to find stocks that are set to beat quarterly earnings estimates should check out the Zacks Earnings ESP.
MNST’s Market Performance
Monster Beverage Corp. (MNST) has seen a -3.40% fall in stock performance for the week, with a -11.64% decline in the past month and a -7.07% plunge in the past quarter. The volatility ratio for the week is 2.34%, and the volatility levels for the past 30 days are at 1.75% for MNST. The simple moving average for the past 20 days is -6.03% for MNST’s stock, with a -4.86% simple moving average for the past 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 -7.12% 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 -13.21% of loss for the given period.
Volatility was left at 1.75%, however, over the last 30 days, the volatility rate increased by 2.34%, as shares sank -11.26% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -5.88% lower at present.
During the last 5 trading sessions, MNST fell by -3.40%, which changed the moving average for the period of 200-days by -6.72% in comparison to the 20-day moving average, which settled at $56.21. In addition, Monster Beverage Corp. saw -7.76% in overturn over a single year, with a tendency to cut further losses.
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:
- 0.27 for the present operating margin
- 0.53 for the gross margin
The net margin for Monster Beverage Corp. stands at 0.23. 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 0.01 points at debt to capital in total, while cash flow to debt ratio is standing at 26.02. The debt to equity ratio resting at 0.01. The interest coverage ratio of the stock is 19.03.
Currently, EBITDA for the company is 2.02 billion with net debt to EBITDA at -1.1. When we switch over and look at the enterprise to sales, we see a ratio of 7.43. The receivables turnover for the company is 5.98for trailing twelve months and the total asset turnover is 0.74. The liquidity ratio also appears to be rather interesting for investors as it stands at 4.81.
Conclusion
In conclusion, Monster Beverage Corp. (MNST) has had a bad performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
