The price-to-earnings ratio for Monster Beverage Corporation (NASDAQ: MNST) is 41.97x, which is above its average ratio. Moreover, the 36-month beta value for MNST is 0.83. Analysts have varying opinions on the stock, with 15 analysts rating it as a “buy,” 2 as “overweight,” 8 as “hold,” and 0 as “sell.”
The average price recommended by analysts for Monster Beverage Corporation (MNST) is $63.47, which is $5.52 above the current market price. The public float for MNST is 753.75M and currently, short sellers hold a 1.63% of that float. On September 12, 2023, MNST’s average trading volume was 4.31M shares.
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MNST) stock’s latest price update
The stock price of Monster Beverage Corporation (NASDAQ: MNST) has jumped by 0.73 compared to previous close of 56.37. Despite this, the company has seen a gain of 0.41% in its stock price over the last five trading days. Zacks Investment Research reported 2023-09-07 that The Beverages – Soft Drinks industry is gaining momentum on robust share gains, improved pricing, digital growth and innovation despite the ongoing cost headwinds. Companies like KO, PEP, FMX, MNST and KDP look strong amid favorable industry trends.
MNST’s Market Performance
Monster Beverage Corporation (MNST) has seen a 0.41% rise in stock performance for the week, with a -2.27% decline in the past month and a -0.82% plunge in the past quarter. The volatility ratio for the week is 1.29%, and the volatility levels for the past 30 days are at 1.47% for MNST. The simple moving average for the last 20 days is -1.16% for MNST’s stock, with a simple moving average of 4.37% for the last 200 days.
Analysts’ Opinion of MNST
Many brokerage firms have already submitted their reports for MNST stocks, with HSBC Securities repeating the rating for MNST by listing it as a “Buy.” The predicted price for MNST in the upcoming period, according to HSBC Securities is $72 based on the research report published on August 14, 2023 of the current year 2023.
MNST Trading at -0.97% from the 50-Day Moving Average
After a stumble in the market that brought MNST to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -6.09% of loss for the given period.
Volatility was left at 1.47%, however, over the last 30 days, the volatility rate increased by 1.29%, as shares sank -2.41% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -1.11% lower at present.
During the last 5 trading sessions, MNST rose by +0.41%, which changed the moving average for the period of 200-days by +12.32% in comparison to the 20-day moving average, which settled at $57.38. In addition, Monster Beverage Corporation saw 11.85% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at MNST starting from Demel Ana, who sale 116 shares at the price of $57.24 back on Aug 21. After this action, Demel Ana now owns 0 shares of Monster Beverage Corporation, valued at $6,640 using the latest closing price.
HALL MARK J, the Director of Monster Beverage Corporation, sale 56,202 shares at $58.81 during a trade that took place back on Aug 14, which means that HALL MARK J is holding 1,027,840 shares at $3,305,240 based on the most recent closing price.
Stock Fundamentals for MNST
Current profitability levels for the company are sitting at:
- +25.11 for the present operating margin
- +50.30 for the gross margin
The net margin for Monster Beverage Corporation stands at +18.88. The total capital return value is set at 23.19, while invested capital returns managed to touch 17.47. Equity return is now at value 19.70, with 16.60 for asset returns.
Based on Monster Beverage Corporation (MNST), the company’s capital structure generated 0.65 points at debt to equity in total, while total debt to capital is 0.65. Total debt to assets is 0.55, with long-term debt to equity ratio resting at 0.42. Finally, the long-term debt to capital ratio is 0.42.
When we switch over and look at the enterprise to sales, we see a ratio of 8.43, with the company’s debt to enterprise value settled at 0.00. The receivables turnover for the company is 6.60 and the total asset turnover is 0.78. The liquidity ratio also appears to be rather interesting for investors as it stands at 4.76.
Conclusion
To wrap up, the performance of Monster Beverage Corporation (MNST) has been mixed in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.