Monster Beverage Corp (NASDAQ:MNST) shares, rose in value, with the stock price down by -0.73% to the previous day’s close as strong demand from buyers drove the stock to $63.77.
Actively observing the price movement in the last trading, the stock closed the session at $64.24. The PE ratio was 42.10 over 12-month period. Referring to stock’s 52-week performance, its high was $64.31, and the low was $43.32. On the whole, MNST has fluctuated by 9.03% over the past month.
With the market capitalization of Monster Beverage Corp currently standing at about $62.19 billion, investors are eagerly awaiting this quarter’s results, scheduled for in June.
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 100% Buy on average. However, medium-term indicators have put the stock in the category of 100% Buy while long-term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the PEG ratio is about 3.59, with the price of MNST currently trading nearly 3.41% and 7.14% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 67.18, while the 7-day volatility ratio is showing 0.98% which for the 30-day chart, stands at 1.09%. Furthermore, Monster Beverage Corp (MNST)’s beta value is 0.60, and its average true range (ATR) is 1.12.
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 -0.73% in last session, and over the past year, it grew by 21.14%%.
Data on historical trading for Monster Beverage Corp (NASDAQ:MNST) indicates that the trading volumes over the past 3 months, they’ve averaged 6.05 million. According to company’s latest data on outstanding shares, there are 975.14 million shares outstanding.
Nearly 28.98% of Monster Beverage Corp’s shares belong to company insiders and institutional investors own 65.61% of the company’s shares. The stock has risen by 21.33% 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.
