Monster Beverage Corp. (NASDAQ: MNST) has a higher price-to-earnings ratio of 32.66x compared to its average ratio. MNST has 36-month beta value of 0.74. 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 696.42M, and currently, short sellers hold a 3.53% ratio of that float. The average trading volume of MNST on September 30, 2024 was 6.32M shares.
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MNST) stock’s latest price update
The stock of Monster Beverage Corp. (NASDAQ: MNST) has increased by 0.87 when compared to last closing price of 52.01. Despite this, the company has experienced a 2.50% gain in its stock price over the last five trading sessions. seekingalpha.com reported 2024-09-27 that Monster Beverage’s recent price dip presents a compelling buying opportunity, given its strong brand, consistent long-term growth, and robust profitability. Despite slower revenue growth, foreign exchange headwinds and economic conditions in Argentina are key factors, with core business still performing well. In the meantime, Monster’s innovation, including new product launches and expansion into affordable and alcoholic beverages, drives long-term growth potential.
MNST’s Market Performance
Monster Beverage Corp. (MNST) has experienced a 2.50% rise in stock performance for the past week, with a 11.50% rise in the past month, and a 5.03% rise in the past quarter. The volatility ratio for the week is 1.90%, and the volatility levels for the past 30 days are at 2.08% for MNST. The simple moving average for the past 20 days is 4.42% for MNST’s stock, with a -1.90% simple moving average for the past 200 days.
Analysts’ Opinion of MNST
Many brokerage firms have already submitted their reports for MNST stocks, with ROTH MKM repeating the rating for MNST by listing it as a “Neutral.” The predicted price for MNST in the upcoming period, according to ROTH MKM is $50 based on the research report published on August 12, 2024 of the current year 2024.
Truist, on the other hand, stated in their research note that they expect to see MNST reach a price target of $40, previously predicting the price at $46. The rating they have provided for MNST stocks is “Sell” according to the report published on August 09th, 2024.
Wells Fargo gave a rating of “Overweight” to MNST, setting the target price at $57 in the report published on August 08th of the current year.
MNST Trading at 6.37% 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 -14.32% of loss for the given period.
Volatility was left at 2.08%, however, over the last 30 days, the volatility rate increased by 1.90%, as shares surge +11.62% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +2.84% upper at present.
During the last 5 trading sessions, MNST rose by +2.50%, which changed the moving average for the period of 200-days by -5.07% in comparison to the 20-day moving average, which settled at $50.51. In addition, Monster Beverage Corp. saw -8.94% 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 VIDERGAUZ MARK, who sale 15,077 shares at the price of $51.85 back on Jun 11 ’24. After this action, VIDERGAUZ MARK now owns 68,167 shares of Monster Beverage Corp., valued at $781,801 using the latest closing price.
HALL MARK J, the Director of Monster Beverage Corp., sale 235,908 shares at $53.00 during a trade that took place back on Jun 11 ’24, which means that HALL MARK J is holding 296,846 shares at $12,503,124 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 2.37. 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 -0.36. When we switch over and look at the enterprise to sales, we see a ratio of 6.86. 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
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.
