Stock on Demand This Week: Monster Beverage Corporation (MNST)

Monster Beverage Corporation (NASDAQ:MNST) saw a downside of -0.12% to close Tuesday at $87.94 after subtracting -$0.11 on the day. The 5-day average trading volume is 1,541,240 shares of the company’s common stock. It has gained $91.43 in the past week. An average of 1,737,290 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 1,576,670.

MNST’s 1-month performance is -7.81% or -$7.98 on its low of $87.67 reached on 10/12/21. The company’s shares have touched a 52-week low of $75.45 and high of $99.89, with the stock’s rally to the 52-week high happening on 08/10/21. YTD, MNST has lost -4.91% or -$4.54. However, the current price is down -11.96%% from the 52-week high price.


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Insider Transactions

On Aug 16, 58 days have gone by since the last insider trading activity for Monster Beverage Corporation (MNST). Tirre Emelie (President of the Americas) most recently sold 42,000 shares at $98.24 per share on Aug 16. This transaction cost the insider $4,126,080. President of EMEA, Carling Guy, sold 18,000 shares at a price of $95.21 on Jun 04. Then, on Jun 03, President of the Americas Tirre Emelie sold 42,786 shares at a price of $95.08 per share. This transaction amounted to $4,068,093.

Valuation Metrics

The company’s PE ratio for the last five years has touched a high of 48.19 and a low of 25.11. MNST stock has a beta of 1.12. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 9.11 while the price-to-book (PB) in the most recent quarter is 7.87, with the price to cash flow ratio at 31.81.

Monster Beverage Corporation’s quick ratio for the period ended June 29 was 4.00, with the current ratio over the same period at 4.50 meaning that MNST stock is able to fulfill its debt obligations. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.00, while the total debt to equity was 0.00. In terms of profitability, the gross margin trailing 12 months is 57.20%. The trailing 12-month EBITDA margin is 36.84% while for the period ending June 29; Monster Beverage Corporation’s operating margin was 35.00%. The firm’s gross profit as reported stood at $2.72 billion against revenue of $4.6 billion.

Earnings Surprise

For the quarterly period ending June 29 this year, Monster Beverage Corporation’s cash and short-term investments amounted to $968.95 million against total debt of $20.77 million. Net income and sales went up compared to those figures reported in the previous quarter. Analysts expected MNST to announce $0.68 per share in earnings in its latest quarter, but it posted $0.75, representing a 10.30% surprise. EBITDA for the quarter stood at more than $539.69 million. MNST stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 1.17 billion, with total debt at $20.77 million. Shareholders hold equity totaling $528.89 million

Technical Picture

Let’s look briefly at Monster Beverage Corporation (MNST) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 12 October was 28.98% to suggest the stock is trending oversold, with historical volatility in this time period at 15.17%.

The stock’s 5-day moving average is $89.09, reflecting a -1.80% or -$1.61 change from its current price. MNST is currently trading -7.39% above its 20-day SMA, -4.93% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by -5.81% and -2.08% respectively.

Stochastic %K and %D was 9.06% and 17.69% and the average true range (ATR) pointed at 1.52. The RSI (14) points at 31.68%, while the 14-day stochastic is at 4.58% with the period’s ATR at 1.53. The stock’s 9-day MACD Oscillator is pointing at -0.71 and -1.48 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for Monster Beverage Corporation (NASDAQ: MNST), Citigroup upgraded it to a Buy rating. They previously had a Neutral rating on the stock. Analysts offering their rating for MNST stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate MNST as a “sell,”, while 7 advise that investors “Hold.” 1 analysts have rated the stock as underweight. 0 rates the stock as overweight while 13 have offered a “buy” rating.

What is MNST’s price target for the next 12 months?

Analysts have a consensus price target ranging from a low of $92.00 and a high of $118.00, with their median price target at $105.00. Looking at these predictions, the average price target given by analysts is for Monster Beverage Corporation (MNST) stock is $106.55.

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