Monster Beverage Corp (NASDAQ:MNST) price on Thursday, November 14, fall -0.74% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $55.96.
A look at the stock’s price movement, the close in the last trading session was $56.38, moving within a range at $55.85 and $56.7. The beta value (5-Year monthly) was 0.742 while the PE ratio in trailing twelve months stood at 35.95. Turning to its 52-week performance, $61.22 and $43.32 were the 52-week high and 52-week low respectively. Overall, MNST moved 4.44% over the past month.
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Monster Beverage Corp’s market cap currently stands at around $54.42 billion, with investors looking forward to this quarter’s earnings report slated for in December.
Analysts have a consensus estimate of 1.8B for the company’s revenue for the quarter, with a low and high estimate of 1.75B and 1.88B respectively. The average forecast suggests up to a 3.93% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 7.47B, representing a 4.69% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that MNST is a 100% Buy. On the other hand, the stock is on average a 50% Buy as suggested by medium term indicators while long term indicators are putting the stock in 50% Buy category.
12 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 2 analyst(s) rate the stock as a Hold, 10 recommend MNST as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
The technical evaluation for the stock shows the PEG ratio is 3.03, with MNST’s current price about 3.58% and 6.93% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 67.47, while 7-day volatility ratio is 2.72% and 2.03% in the 30-day chart. Further, Monster Beverage Corp (MNST) has a beta value of 0.74, and an average true range (ATR) of 1.17. Analysts have given the company’s stock an average 52-week price target of $46, forecast between a low of $23.75 and high of $64. Looking at the price targets, the low is 57.56% off current price level while to achieve the yearly target high, price needs to move -14.37%. Nonetheless, investors will most likely welcome a 17.8% jump to $46 which is the analysts’ median price.
If we refocus on Monster Beverage Corp (NASDAQ:MNST), historical trading data shows that trading volumes averaged 7.71 over the past 10 days and 5.85 million over the past 3 months. The company’s latest data on shares outstanding shows there are 1.04 billion shares.
The 28.75% of Monster Beverage Corp’s shares are in the hands of company insiders while institutional holders own 65.45% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 20.77 million on 2024-10-31, giving us a short ratio of 3.94. The data shows that as of 2024-10-31 short interest in Monster Beverage Corp (MNST) stood at 302.99999 of shares outstanding, with shares short falling to 22.91 million registered in 2024-09-30. Current price change has pushed the stock -2.86% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the MNST stock continues to rise going into the next quarter.
