Monster Beverage Corporation (MNST): Here Are Some Research Recommendations

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Monster Beverage Corporation (NASDAQ:MNST) finished Wednesday with a subtraction of -$0.69 to close at $101.32, a downside of -0.68 percent. An average of 1,223,100 shares of common stock have been traded in the last five days. There was a gain of $0.16 in the past week, and it reached a new high 14 times over the past 12 months. The last 20 days have seen an average of 1,928,460 shares traded, while the 50-day average volume stands at 2,270,902.

MNST stock has decreased by -0.55% in the last month. The company shares reached their 1-month lowest point of $98.42 on 12/16/22. With the stock rallying to its 52-week high on 12/02/22, shares of the company touched a low of $71.78 and a high of $104.65 in 52 weeks. It has reached a new high 12 times so far this year and achieved 5.50% or $5.28 in price. In spite of this, the price is down -3.18% from the 52-week high.


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Insider Transactions

MNST stock investors should be aware that Monster Beverage Corporation (MNST) stock had its last reported insider trading activity 28 days ago on Dec 01. In this transaction, the insider spent $1,255,260. President of the Americas, Tirre Emelie, disposed of 74,998 shares at a price of $98.96 on Nov 16. The insider now owns more than $7,421,802 worth of shares. Prior to that, President of EMEA Carling Guy went on to Sale 36,250 shares at $97.66 each on Nov 11. An amount of $3,540,131 was transacted.

Valuation Metrics

Monster Beverage Corporation (MNST) has a trailing price-to-earnings (P/E) ratio of 44.73. The stock’s beta is 0.90. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 8.46, the price-to-book (PB) ratio at 7.83, and the price-to-cash flow ratio at 79.14.

Financial Health

The quick ratio of Monster Beverage Corporation for the three months ended September 29 was 3.40, and the current ratio was 4.20, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.00 and a total debt to equity ratio of 0.00 for the quarter ending September 29. Its gross profit as reported stood at $3.11 billion compared to revenue of $5.54 billion.

Earnings Surprise

For the three-month period that ended September 29, Monster Beverage Corporation had $1.35 billion in cash. In the quarter under review, the net income was down than the previous quarter. The company posted a net income of $322.39 million in the quarter, while revenues of $321.31 million were grew 2.23%. The analyst consensus anticipated Monster Beverage Corporation’s latest quarter earnings to come in at $0.59 per share, but it turned out to be $0.6, a 1.70% surprise. For the quarter, EBITDA amounted to $433.54 million. Shareholders own equity worth $521.74 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Monster Beverage Corporation (MNST) price momentum. RSI 9-day as of the close on 28 December was 51.58%, suggesting the stock is Neutral, with historical volatility in this time frame at 16.69%.

As of today, MNST’s price is $101.47 +0.16% or $0.16 from its 5-day moving average. MNST is currently trading +1.53% higher than its 20-day SMA and +10.88% higher than its 100-day SMA. However, the stock’s current price level is +13.36% above the SMA50 and +38.36% above the SMA200.

The stochastic %K and %D were 69.57% and 64.35%, respectively, and the average true range (ATR) was 1.86. With the 14-day stochastic at 66.70% and the average true range at 1.96, the RSI (14) stands at 53.26%. The stock has reached 0.49 on the 9-day MACD Oscillator while the 14-day reading was at 0.52.

Analyst Ratings

Wells Fargo reiterated its an Overweight rating on Monster Beverage Corporation (NASDAQ: MNST), but raised their price target to $100, indicating a potential price decrease of -1.32% for the stock.

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