Monster Beverage Corp. (NASDAQ:MNST) finished Friday with a subtraction of -$0.21 to close at $52.95, a downside of -0.40 percent. An average of 5,148,780 shares of common stock have been traded in the last five days. There was a fall of -$1.57 in the past week, and it reached a new high 27 times over the past 12 months. The last 20 days have seen an average of 4,840,905 shares traded, while the 50-day average volume stands at 4,572,826.
MNST stock has decreased by -8.94% in the last month. The company shares reached their 1-month lowest point of $52.76 on 09/29/23. With the stock rallying to its 52-week high on 05/05/23, shares of the company touched a low of $42.81 and a high of $60.47 in 52 weeks. It has reached a new high 18 times so far this year and achieved 4.30% or $2.19 in price. In spite of this, the price is down -12.43% from the 52-week high.
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Insider Transactions
MNST stock investors should be aware that Monster Beverage Corp. (MNST) stock had its last reported insider trading activity 40 days ago on Aug 21. In this transaction, the insider spent $6,640. Director, HALL MARK J, disposed of 56,202 shares at a price of $58.81 on Aug 14. The insider now owns more than $3,305,240 worth of shares. Prior to that, Director VIDERGAUZ MARK went on to Sale 5,000 shares at $59.00 each on Aug 14. An amount of $295,000 was transacted.
Valuation Metrics
Monster Beverage Corp. (MNST) has a trailing price-to-earnings (P/E) ratio of 39.14. The stock’s beta is 0.84. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 8.29, the price-to-book (PB) ratio at 7.07, and the price-to-cash flow ratio at 41.13.
Financial Health
The quick ratio of Monster Beverage Corp. for the three months ended June 29 was 4.14, and the current ratio was 4.86, 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 0.01 for the quarter ending June 29. Its gross profit as reported stood at $3.17 billion compared to revenue of $6.31 billion.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Monster Beverage Corp.’s return on assets was 16.46%.
Earnings Surprise
In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $413.87 million in the quarter, while revenues of $397.44 million were grew 33.95%. The analyst consensus anticipated Monster Beverage Corp.’s latest quarter earnings to come in at $0.39 per share, but it turned out to be $0.39, a 0.00% surprise. For the quarter, EBITDA amounted to $539.38 million. Shareholders own equity worth $1.05 billion.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Monster Beverage Corp. (MNST) price momentum. RSI 9-day as of the close on 29 September was 19.66%, suggesting the stock is oversold, with historical volatility in this time frame at 10.43%.
As of today, MNST’s price is $53.63 -2.88% or -$1.57 from its 5-day moving average. MNST is currently trading -7.77% lower than its 20-day SMA and -10.32% lower than its 100-day SMA. However, the stock’s current price level is -8.04% below the SMA50 and +5.04% above the SMA200.
The stochastic %K and %D were 4.73% and 5.26%, respectively, and the average true range (ATR) was 0.78. With the 14-day stochastic at 4.44% and the average true range at 0.82, the RSI (14) stands at 27.40%. The stock has reached -1.28 on the 9-day MACD Oscillator while the 14-day reading was at -2.01.
Analyst Ratings
HSBC Securities launched coverage on Monster Beverage Corp. (NASDAQ: MNST) in its analyst report released on August 14, 2023. The firm assigned the stock a Buy rating. The consensus rating for Monster Beverage Corp. (MNST) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell MNST, while 8 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 2 analysts, while 15 others rate it as a “buy”.
What is MNST’s price target for the next 12 months?
Analysts predict a range of price targets between $57.00 and $72.00, with a median target of $63.00. Taking a look at these predictions, the average price target given by analysts for Monster Beverage Corp. (MNST) stock is $63.32.
