The stock of Monster Beverage Corporation (NASDAQ:MNST) increased by $1.01 on Friday to finish at $59.19, up 1.74 percent. The last five days have seen an average of 3,301,078 shares of common stock traded. 18 times new highs were reached in the current year, with a gain of $8.35. The average number of shares traded over the last 20 days was 4,938,640, while the average volume over the last 50 days totaled 4,477,708.
MNST stock appreciated 3.29% since last month. On 08/04/23, the company’s shares reached a one-month low of $54.99. The stock touched a high of $60.47 on 05/05/23, after rallying from a low of $42.81 in 52 weeks. The price of MNST stock has risen by 16.61% or $8.35 this year, reaching a new high 18 times. Still, the stock price is down -2.10% 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 4 days ago on Aug 10. On Aug 10, Director HALL MARK J sold 57,220 shares at $58.64 each. This transaction resulted in the insider making $3,355,381. On Aug 09, HALL MARK J sold 110,000 shares at a price of US$57.35. After the transaction, the insider now owns 1,141,262 shares. Director VIDERGAUZ MARK had earlier sold 4,000 shares on May 22 for $59.75 a share. The transaction was completed for $239,000.
Valuation Metrics
Monster Beverage Corporation (MNST) has a trailing price-to-earnings (P/E) ratio of 43.75. Beta for the stock is 0.83. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 9.25, the price-to-book (PB) ratio of 8.36, and the price-to-cash flow ratio of 88.59.
Financial Health
For the three months ended June 29, Monster Beverage Corporation’s quick ratio was 3.70, while its current ratio was 4.50, indicating its ability to pay off its debt. As far as profitability goes, gross margin for the trailing twelve months is 52.20% percent. Monster Beverage Corporation’s EBITDA margin for the year ended June 29 was 26.20%, whereas its operating margin stood at 23.70% for the same period. Based on annual data, it had gross profit of $3.17 billion and revenue of $6.31 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. MNST’s return on assets (ROA) during the last 12 months has been 14.20%. There was a 17.10% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 17.00%.
Earnings Surprise
According to Monster Beverage Corporation’s quarterly financial report for the quarter that ended June 29, it had $1.42 billion in cash and short-term investments. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $1.85 billion, while revenues rose by 23.15% to $1.7 billion. It was predicted that Monster Beverage Corporation’s quarterly earnings would be $0.39, but it ended up being $0.39. EBITDA was $539.38 million for the quarter. At the end of Monster Beverage Corporation’s most recent quarter ended June 29, its liabilities totaled 1.42 billion, while its total debt was $40.9 million. Equity owned by shareholders amounts to $1.05 billion.
Technical Picture
Here’s a quick look at Monster Beverage Corporation’s (MNST) price momentum from a technical perspective. As of 11 August, the RSI 9-day stood at 60.55%, suggesting the stock is Neutral, with a 44.20% historical volatility rate.
The stochastic %K and %D were 87.26% and 78.28% respectively, while the average true range (ATR) was 1.20. Based on the 14-day stochastic reading of 97.29%, the RSI (14) reading is 57.57%. On the 9-day MACD Oscillator, the stock is at 0.74, and the 14-day reading is at 0.71.
Analyst Ratings
In its analyst report released on Aug-14-23, HSBC Securities began covering Monster Beverage Corporation (NASDAQ: MNST). The stock was rated as a Buy by the brokerage firm. Analysts have assigned Monster Beverage Corporation (MNST) an Overweight rating. MNST is a stock that is recommended for selling by 0 brokerage firms, while 8 companies recommend holding. The stock is underweighted by 1 analyst. Among the analysts who rate the stock, 1 rate it overweight and 15 others recommend it as a buy.
What is MNST’s price target for the next 12 months?
The current consensus forecast for the stock is between $57.00 and $72.00, with a median target price of $63.00. In analyzing these forecasts, the average price target given by analysts for Monster Beverage Corporation (MNST) is $63.30.
