The stock of Monster Beverage Corp. (NASDAQ: MNST) has increased by 1.42 when compared to last closing price of 53.37. Despite this, the company has experienced a 0.99% gain in its stock price over the last five trading sessions. GlobeNewsWire reported 2024-04-26 that CORONA, Calif., April 26, 2024 (GLOBE NEWSWIRE) — Monster Beverage Corporation (NASDAQ: MNST) announced today that results for its first quarter ended March 31, 2024, will be reported on Thursday, May 2, 2024, after the close of the market.
Is It Worth Investing in Monster Beverage Corp. (NASDAQ: MNST) Right Now?
The price-to-earnings ratio for Monster Beverage Corp. (NASDAQ: MNST) is 35.12x, which is above its average ratio. Moreover, the 36-month beta value for MNST is 0.73. Analysts have varying opinions 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 756.27M and currently, short sellers hold a 1.61% of that float. On April 30, 2024, MNST’s average trading volume was 5.28M shares.
MNST’s Market Performance
MNST’s stock has seen a 0.99% increase for the week, with a -8.69% drop in the past month and a -2.63% fall in the past quarter. The volatility ratio for the week is 2.44%, and the volatility levels for the past 30 days are at 2.01% for Monster Beverage Corp. The simple moving average for the past 20 days is -1.22% for MNST’s stock, with a -2.95% simple moving average for the past 200 days.
Analysts’ Opinion of MNST
Many brokerage firms have already submitted their reports for MNST stocks, with Truist repeating the rating for MNST by listing it as a “Sell.” The predicted price for MNST in the upcoming period, according to Truist is $46 based on the research report published on April 25, 2024 of the current year 2024.
JP Morgan, on the other hand, stated in their research note that they expect to see MNST reach a price target of $59, previously predicting the price at $66. The rating they have provided for MNST stocks is “Neutral” according to the report published on April 25th, 2024.
MNST Trading at -4.88% 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 -11.59% of loss for the given period.
Volatility was left at 2.01%, however, over the last 30 days, the volatility rate increased by 2.44%, as shares sank -6.25% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -3.63% lower at present.
During the last 5 trading sessions, MNST rose by +0.99%, which changed the moving average for the period of 200-days by -4.60% in comparison to the 20-day moving average, which settled at $54.62. In addition, Monster Beverage Corp. saw -6.04% 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 16.97.
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 7.58. 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
To wrap up, the performance of Monster Beverage Corp. (MNST) has been bad in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. 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.
