The stock price of Monster Beverage Corp (NASDAQ: MNST) has dropped by -7.08 compared to previous close of 55.96. Despite this, the company has seen a fall of -3.95% in its stock price over the last five trading days. zacks.com reported 2024-11-11 that Explore Monster Beverage’s (MNST) international revenue trends and how these numbers impact Wall Street’s forecasts and what’s ahead for the stock.
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 33.41x 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,” 11 as “hold,” and 1 as “sell.”
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The public float for MNST is 692.89M, and currently, short sellers hold a 3.00% ratio of that float. The average trading volume of MNST on November 18, 2024 was 5.88M shares.
MNST’s Market Performance
The stock of Monster Beverage Corp (MNST) has seen a -3.95% decrease in the past week, with a -2.69% drop in the past month, and a 11.59% gain in the past quarter. The volatility ratio for the week is 3.14%, and the volatility levels for the past 30 days are at 2.30% for MNST. The simple moving average for the last 20 days is -3.57% for MNST’s stock, with a simple moving average of -1.52% for the last 200 days.
Analysts’ Opinion of MNST
Many brokerage firms have already submitted their reports for MNST stocks, with Argus repeating the rating for MNST by listing it as a “Buy.” The predicted price for MNST in the upcoming period, according to Argus is $65 based on the research report published on November 12, 2024 of the current year 2024.
TD Cowen, on the other hand, stated in their research note that they expect to see MNST reach a price target of $55, previously predicting the price at $50. The rating they have provided for MNST stocks is “Hold” according to the report published on November 11th, 2024.
UBS gave a rating of “Neutral” to MNST, setting the target price at $57 in the report published on November 08th of the current year.
MNST Trading at -0.76% 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 -15.07% of loss for the given period.
Volatility was left at 2.30%, however, over the last 30 days, the volatility rate increased by 3.14%, as shares sank -3.79% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +6.89% upper at present.
During the last 5 trading sessions, MNST fell by -3.95%, which changed the moving average for the period of 200-days by -7.04% in comparison to the 20-day moving average, which settled at $53.92. In addition, Monster Beverage Corp saw -9.74% 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 10,000 shares at the price of $56.21 back on Nov 12 ’24. After this action, VIDERGAUZ MARK now owns 58,167 shares of Monster Beverage Corp, valued at $562,100 using the latest closing price.
VIDERGAUZ MARK, the Director of Monster Beverage Corp, proposed sale 10,000 shares at $56.06 during a trade that took place back on Nov 12 ’24, which means that VIDERGAUZ MARK is holding shares at $560,649 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 0.22. The total capital return value is set at 0.29. Equity return is now at value 23.52, with 18.49 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 2.54. The debt to equity ratio resting at 0.13. The interest coverage ratio of the stock is 90.4.
Currently, EBITDA for the company is 2.02 billion with net debt to EBITDA at -0.43. When we switch over and look at the enterprise to sales, we see a ratio of 6.71. The receivables turnover for the company is 5.77for 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 3.13.
Conclusion
To put it simply, Monster Beverage Corp (MNST) has had a bad 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’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.
