Why Monster Beverage Corporation [MNST] Stock Will Fly to $105.00 Over the Next 12 Months

Monster Beverage Corporation [MNST] has traded in a range of $50.06 to $88.46 in the last 1 year. As of this writing, the stock is at $88.25, up 1.24%. To check whether the stock’s short-term amount has a thrust, its good to check stock’s recent movement. Over the last week, MNST shares are 2.82% up with the monthly amount drift of 4.17% and seems well in a long time frame.

On 5, November 2020, Monster Beverage Reports 2020 Third Quarter Financial Results and Highest Quarterly Net Sales in the Company’s History. According to news published on Yahoo Finance, — Third Quarter Net Sales rise 9.9 percent to $1.25 billion —- Third Quarter Net Income increases 16.3 percent to $347.7 million —- Third Quarter Net Income per diluted share increases 19.6 percent to $0.65 per share –.

Analyst Birdseye View:

The most recent analyst activity for Monster Beverage Corporation [NASDAQ:MNST] stock was on November 17, 2020, when it was Upgrade with a Neutral rating from UBS, which also raised its 12-month price target on the stock from $82 to $85. Before that, on December 08, 2020, Wells Fargo Recapitulated an Overweight rating and elevated its amount target to $105. On November 03, 2020, Morgan Stanley Upgrade an Overweight rating and boosted its price target on this stock from $87 to $90. On October 20, 2020, Guggenheim Reiterated a Buy rating and increased its price target from $87 to $90. On May 28, 2020, Stifel Reiterated a Buy rating and increased its price target to $77. On May 11, 2020, Citigroup Downgrade a Neutral rating and boosted its amount target on this stock to $73. On May 05, 2020, Guggenheim Reiterated a Buy rating and boosted its target amount on this stock from $60 to $66. BofA/Merrill elevated its amount target by recapitulating a higher weight for this stock.

In the past 52 weeks of trading, this stock has oscillated between a low of $50.06 and a peak of $88.46. Right now, the middling Wall Street analyst 12-month amount mark is $92.00. At the most recent market close, shares of Monster Beverage Corporation [NASDAQ:MNST] were valued at $88.25. According to the average price forecast, investors can expect a potential return of -0.58%.

FUNDAMENTAL ANALYSIS

Monster Beverage Corporation [NASDAQ:MNST] most recently reported quarterly sales of 1.25 billion, which represented growth of 10.00%. This publicly-traded organization’s revenue is $1,190,371 per employee, while its income is $313,923 per employee. This company’s Gross Margin is currently 58.30%, its Operating Margin is 35.00%, its Pretax Margin is +33.71, and its Net Margin is +26.37. Continuing to look at profitability, this corporation’s Return on Assets, Equity, Whole Principal & invested Principal is sitting at 22.30, 28.47, 36.16 and 28.38 respectively.

If looking now at the Principal structure of this organization, it shows its whole liability to the whole Principal at 0.68 and the whole liability to whole assets at 0.54. It shows enduring liability to the whole principal at 0.59 and enduring liability to assets at 0.00 while looking for an extended time period.

Readers are usually of view to make a close observation to the indicators that support and make resistance before moving to any particular stock. As of now, the company’s stock is sitting at 86.64 points at 1st support level, the second support level is making up to 86.10. But as of 1st resistance point, this stock is sitting at 87.73 and at 88.29 for 2nd resistance point.

Monster Beverage Corporation [MNST] reported its earnings at $0.65 per share in the fiscal quarter closing of 9/29/2020. The Analysts for Wall Street were expecting to report its earnings at $0.63/share signifying the difference of 0.02 and 3.20% surprise value. Comparing the previous quarter ending of 6/29/2020, the stated earnings were $0.59 calling estimates for $0.49/share with the difference of 0.1 depicting the surprise of 20.40%.

Important Ratio’s To Watch

Meanwhile, turning our focus to liquidity, the Current Ratio for Monster Beverage Corporation [NASDAQ:MNST] is 3.70. Likewise, the Quick ratio is also the same, showing Cash ratio at 2.01. Now if looking for a valuation of this stock’s amount to sales ratio it’s 8.27, it’s amount to book ratio is 8.18 and showing 39.18 of P/E (TTM) ratio.

Insider Stories

The most recent insider trade was by KELLY THOMAS J, EVP Finance Monster Energy Co., and it was the sale of 10249.0 shares on Aug 14. Carling Guy, the President of EMEA, completed a sale of 41250.0 shares on Aug 14. On Aug 13, VIDERGAUZ MARK, Director, completed a sale of 12000.0 shares.