The trading price of Monster Beverage Corp. (NASDAQ:MNST) closed higher on Tuesday, August 06, closing at $50.80, 0.65% higher than its previous close.
The company’s P/E ratio in the trailing 12-month period was 32.02. In examining the 52-week price action we see that the stock hit a 52-week high of $61.22 and a 52-week low of $47.13. Over the past month, the stock has gained 1.24% in value.
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Monster Beverage Corp., whose market valuation is $52.92 billion at the time of this writing. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by 0.45 per share this quarter, however they have predicted annual earnings per share of 1.76 for current year and 2.02 for next year.
Analysts have forecast the company to bring in revenue of 2.01B for the current quarter, with the likely lows of 1.92B and highs of 2.11B. From the analysts’ viewpoint, the consensus estimate for the company’s annual revenue is 7.81B.
On the technical side, indicators suggest MNST has a Hold on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 50% Sell, while an average of long term indicators suggests that the stock is currently 100% Sell.
If we dig deeper into the stock’s outlook, we see that the stock’s PEG is 2.28, which symbolizes a positive outlook. A quick review shows that MNST’s price is currently 0.31% off the SMA20 and 0.42% off the SMA50. The RSI metric on the 14-day chart is currently showing 50.54, and weekly volatility stands at 2.83%. When measured over the past 30 days, the indicator reaches 2.06%. Monster Beverage Corp. (NASDAQ:MNST)’s beta value is currently sitting at 0.73, while the Average True Range indicator is currently displaying 1.10.
To see how Monster Beverage Corp. stock has been performing in comparison to its peers in the industry, here are the numbers: MNST stock’s performance was 0.65% in the latest trading, and -7.82% in the past year. Monster Beverage Corp. has a P/E ratio of 32.02.
An evaluation of the daily trading volume of Monster Beverage Corp. (NASDAQ:MNST) indicates that the 3-month average is 9.72 million.
Currently, records show that 1.04 billion of the company’s shares remain outstanding. The insiders hold 27.18% of outstanding shares, whereas institutions hold 66.01%. However, since the stock’s price has seen -11.82% year-to-date, investors’ interest is likely to be reignited due to its potential to move even lower.
