As of Friday close, Monster Beverage Corporation’s (NASDAQ:MNST) stock was down -$2.87, moving down -4.95 percent to $55.11. The average number of shares traded per day over the past five days has been 5,691,220 shares. 2 times new highs have been achieved over the past 5 days, with a -$3.04 fall in that time frame. In the last twenty days, the average volume was 4,958,115, while in the previous 50 days, it was 4,527,520.
Since last month, MNST stock retreated -2.65%. Shares of the company fell to $54.99 on 08/04/23, the lowest level in the past month. A 52-week high of $60.47 was reached on 05/05/23 after having rallying from a 52-week low of $42.81. Since the beginning of this year, MNST’s stock price has risen by 8.56% or $4.35, and marked a new high 18 times. However, the stock has declined by -8.86% since its 52-week high.
MNST stock investors should be aware that Monster Beverage Corporation (MNST) stock had its last reported insider trading activity 75 days ago on May 22. VIDERGAUZ MARK, the Director of the company, disposed of 4,000 shares for $59.75 on May 22. It resulted in a $239,000 divestment by the insider. KELLY THOMAS J sold 93,192 shares at an average price of $59.41 on May 12. The insider now owns 60,056 shares following the transaction. On May 11, Director VIDERGAUZ MARK sold 4,000 shares at $59.13 apiece. The transaction was valued at $236,520.
Valuation Metrics
Right now, Monster Beverage Corporation (MNST) has a P/E ratio of about 45.25. The stock’s beta is 0.83. Besides these, the trailing price-to-sales (P/S) ratio of 8.80, the price-to-book (PB) ratio of 7.78, and the price-to-cash flow ratio of 51.66 may also be considered.
Financial Health
In the three months ended June 29, Monster Beverage Corporation’s quick ratio stood at 3.70, while its current ratio was 4.50, showing that the company is able to pay off its debt. On the profitability front, the trailing twelve-month gross margin is 50.80% percent. In the year ended June 29, EBITDA margin amounted to 26.20%, whereas operating margins totaled 25.70%. Based on annual data, MNST earned $3.17 billion in gross profit and brought in $6.31 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 17.10%. Return on equity (ROE) for the past 12 months was 18.50%.
According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. MNST’s revenue rose 16.97% to $1.81 billion during the quarter, while net income inched up to $1.7 billion. While analysts expected Monster Beverage Corporation to report $0.39 quarterly earnings, the actual figure was $0.39 per share. During the quarter, the company generated $501.87 million in EBITDA. The liabilities of Monster Beverage Corporation were 1.45 billion at the end of its most recent quarter ended June 29. The value of shareholders’ equity is $1.05 billion.
Technical Picture
This quick technical analysis looks at Monster Beverage Corporation’s (MNST) price momentum. With a historical volatility rate of 28.19%, the RSI 9-day stood at 29.33% on 04 August.
With respect to its five-day moving average, the current Monster Beverage Corporation price is down by -5.23% percent or -$3.04. At present, MNST shares trade -1.36% below its 20-day simple moving average and +9.87% percent above its 100-day simple moving average. However, the stock is currently trading approximately -4.88% below its SMA50 and +23.32% above its SMA200.
Stochastic coefficient K was 44.42% and Stochastic coefficient D was 55.94%, while ATR was 1.07. Given the Stochastic reading of 3.17% for the 14-day period, the RSI (14) reading has been calculated as 35.45%. As of today, the MACD Oscillator reading stands at -0.64, while the 14-day reading stands at -0.65.
Analyst Ratings
UBS reiterated its a Neutral rating on Monster Beverage Corporation (NASDAQ: MNST) in a note to investors. The analysts firm has however raised their price target to $62, representing a possible 12.52% increase in the stock price. Monster Beverage Corporation (MNST) has been rated Overweight by analysts. According to 0 brokerage firms, MNST is a sell, and 9 firms recommend it is a Hold. There are 1 analyst who say the stock is underweight. A total of 1 analyst rate Monster Beverage Corporation stock as buy, with 13 recommending it as overweight.
With a median target price of $63.00, the current consensus forecast for the stock is $55.00 – $67.00. Based on these forecasts, analysts predict Monster Beverage Corporation (MNST) will achieve an average price target of $62.71.
