Monster Beverage Corporation (NASDAQ:MNST) saw a downside of -1.85% to close Tuesday at $57.41 after subtracting -$1.08 on the day. The 5-day average trading volume is 6,980,240 shares of the company’s common stock. It has gained $58.61 in the past week and touched a new high 4 times within the past 5 days. An average of 5,139,950 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 4,619,164.
MNST’s 1-month performance is 1.83% or $1.54 on its low of $54.99 reached on 08/04/23. The company’s shares have touched a 52-week low of $42.81 and high of $60.47, with the stock’s rally to the 52-week high happening on 05/05/23. YTD, MNST has achieved 13.09% or $6.65 and has reached a new high 18 times. However, the current price is down -5.05% from the 52-week high price.
Insider Transactions
MNST stock investors last saw insider trading activity on May 22.VIDERGAUZ MARK (Director) most recently sold 4,000 shares at $59.75 per share on May 22. This transaction cost the insider $239,000. Chief Financial Officer, KELLY THOMAS J, sold 93,192 shares at a price of $59.41 on May 12. Then, on May 11, Director VIDERGAUZ MARK sold 4,000 shares at a price of $59.13 per share. This transaction amounted to $236,520.
Valuation Metrics
MNST stock has a beta of 0.83. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 9.45 while the price-to-book (PB) in the most recent quarter is 8.11, with the price to cash flow ratio at 90.44.
Monster Beverage Corporation’s quick ratio for the period ended June 29 was 3.70, with the current ratio over the same period at 4.50.. In terms of profitability, the gross margin trailing 12 months is 52.20%. The trailing 12-month EBITDA margin is 26.20% while for the period ending June 29, Monster Beverage Corporation’s operating margin was 23.70%. The firm’s gross profit as reported stood at $3.17 billion against revenue of $6.31 billion.
Earnings Surprise
For the quarterly period ending June 29 this year, Monster Beverage Corporation’s cash and short-term investments amounted to $1.42 billion against total debt of $40.9 million. Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 22.36% to $413.87 million, while revenue of $397.44 million was 3.97% off the previous quarter. Analysts expected MNST to announce $0.39 per share in earnings in its latest quarter, but it posted $0.39, representing a 0.00% surprise. EBITDA for the quarter stood at more than $539.38 million. MNST stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 1.42 billion, with total debt at $40.9 million. Shareholders hold equity totaling $10.47 million.
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 08 August was 49.59% to suggest the stock is trending Neutral, with historical volatility in this time period at 43.81%.
The stock’s 5-day moving average is $57.32, reflecting a -0.52% or -$0.30 change from its current price. MNST is currently trading +3.39% above its 20-day SMA, +12.18% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +0.14% and SMA200 by+30.12%.
Stochastic %K and %D was 53.19% and 51.09% and the average true range (ATR) pointed at 1.37. The RSI (14) points at 49.66%, while the 14-day stochastic is at 63.94% with the period’s ATR at 1.22. The stock’s 9-day MACD Oscillator is pointing at -0.50 and -0.70 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Monster Beverage Corporation (NASDAQ: MNST), Piper Sandler upgraded it to an Overweight 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 8 advise that investors “Hold.” 1 analysts have rated the stock as underweight. 1 rates the stock as overweight while 14 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 $55.00 and a high of $67.00, with their median price target at $63.00. Looking at these predictions, the average price target given by analysts is for Monster Beverage Corporation (MNST) stock is $62.81.
