Monster Beverage Corp. (NASDAQ:MNST) shares, rose in value, with the stock price up by 2.51% to the previous day’s close as strong demand from buyers drove the stock to $52.35.
Actively observing the price movement in the last trading, the stock closed the session at $51.07, falling within a range of $51.08 and $52.51. The value of beta (5-year monthly) was 0.737 whereas the PE ratio was 32.59 over 12-month period. Referring to stock’s 52-week performance, its high was $61.22, and the low was $43.32. On the whole, MNST has fluctuated by 12.34% over the past month.
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With the market capitalization of Monster Beverage Corp. currently standing at about $51.28 billion, investors are eagerly awaiting this quarter’s results, scheduled for in October.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 7.53B, with a low estimate of 1.83B and a high estimate of 1.98B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 1.92B.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that MNST’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium-term indicators have put the stock in the category of 50% Sell while long-term indicators on average have been pointing out that it is a 50% Sell.
The stock’s technical analysis shows that the PEG ratio is about 2.49, with the price of MNST currently trading nearly 7.97% and 6.67% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 70.26, while the 7-day volatility ratio is showing 2.20% which for the 30-day chart, stands at 1.99%. Furthermore, Monster Beverage Corp. (MNST)’s beta value is 0.73, and its average true range (ATR) is 1.09.
A comparison of Monster Beverage Corp. (MNST) with its peers suggests the former has fared considerably weaker in the market. MNST showed an intraday change of 2.51% in last session, and over the past year, it shrunk by -6.97%%.
Data on historical trading for Monster Beverage Corp. (NASDAQ:MNST) indicates that the trading volumes over the past 10 days have averaged 5.57 and over the past 3 months, they’ve averaged 6.50 million. According to company’s latest data on outstanding shares, there are 1.04 billion shares outstanding.
Nearly 28.90% of Monster Beverage Corp.’s shares belong to company insiders and institutional investors own 66.00% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 27.92 million shares as on 2024-08-30, resulting in a short ratio of 4.08. According to the data, the short interest in Monster Beverage Corp. (MNST) stood at 403.00 of shares outstanding as of 2024-08-30; the number of short shares registered in 2024-07-31 reached 23.17 million. The stock has fallen by -9.13% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the MNST stock heading into the next quarter.
