The stock of Monster Beverage Corp. (NASDAQ: MNST) has increased by 1.59 when compared to last closing price of 45.01.Despite this, the company has seen a loss of -11.41% in its stock price over the last five trading days. zacks.com reported 2024-08-08 that The headline numbers for Monster Beverage (MNST) give insight into how the company performed in the quarter ended June 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
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 28.46x compared to its average ratio, The 36-month beta value for MNST is at 0.77. 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.”
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The public float for MNST is 758.60M, and currently, shorts hold a 3.08% of that float. The average trading volume for MNST on August 09, 2024 was 9.95M shares.
MNST’s Market Performance
MNST’s stock has seen a -11.41% decrease for the week, with a -9.07% drop in the past month and a -17.17% fall in the past quarter. The volatility ratio for the week is 3.71%, and the volatility levels for the past 30 days are at 2.29% for Monster Beverage Corp. The simple moving average for the past 20 days is -9.40% for MNST’s stock, with a -15.88% simple moving average for the past 200 days.
Analysts’ Opinion of MNST
Wells Fargo, on the other hand, stated in their research note that they expect to see MNST reach a price target of $57, previously predicting the price at $59. The rating they have provided for MNST stocks is “Overweight” according to the report published on August 08th, 2024.
UBS gave a rating of “Neutral” to MNST, setting the target price at $51 in the report published on August 08th of the current year.
MNST Trading at -9.23% 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 -25.32% of loss for the given period.
Volatility was left at 2.29%, however, over the last 30 days, the volatility rate increased by 3.71%, as shares sank -10.25% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -12.49% lower at present.
During the last 5 trading sessions, MNST fell by -11.61%, which changed the moving average for the period of 200-days by -9.30% in comparison to the 20-day moving average, which settled at $50.20. In addition, Monster Beverage Corp. saw -20.64% 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 SACKS RODNEY C, who sale 331,231 shares at the price of $53.00 back on Jun 11 ’24. After this action, SACKS RODNEY C now owns 43,618 shares of Monster Beverage Corp., valued at $17,555,243 using the latest closing price.
SCHLOSBERG HILTON H, the Vice Chairman and Co-CEO of Monster Beverage Corp., sale 331,231 shares at $53.00 during a trade that took place back on Jun 11 ’24, which means that SCHLOSBERG HILTON H is holding 43,618 shares at $17,555,243 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
- 0.54 for the gross margin
The net margin for Monster Beverage Corp. stands at 0.23. The total capital return value is set at 0.29. Equity return is now at value 24.62, with 19.48 for asset returns.
Based on Monster Beverage Corp. (MNST), the company’s capital structure generated 0.11 points at debt to capital in total, while cash flow to debt ratio is standing at 1.8. The debt to equity ratio resting at 0.13. The interest coverage ratio of the stock is 23.02.
Currently, EBITDA for the company is 2.02 billion with net debt to EBITDA at -0.39. When we switch over and look at the enterprise to sales, we see a ratio of 6.35. The receivables turnover for the company is 5.42for trailing twelve months and the total asset turnover is 0.92. The liquidity ratio also appears to be rather interesting for investors as it stands at 3.41.
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.
