Monster Beverage Corp. [MNST] stock prices are up 1.12% to $59.82 at the moment. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The MNST shares have gain 3.33% over the last week, with a monthly amount glided 7.47%, and seem to be holding up well over a long-time horizon.
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On 28, February 2024, CORRECTION – Monster Beverage Reports 2023 Fourth Quarter and Full-Year Financial Results. In a post published today on Yahoo Finance, Press release amended to reflect a correction of the gross profit number for the three-months ended December 31, 2023 in the Condensed Consolidated Statements of Income and Other Information.
From an analyst’s perspective:
Previously, UBS reaffirmed its Neutral rating on February 29, 2024, and elevated its price target to $63. On February 29, 2024, RBC Capital Mkts reiterated its Outperform rating and revised its price target to $65 on the stock. Morgan Stanley reiterated its Overweight rating and increased its price target to $68 on February 29, 2024. Jefferies reiterated its recommendation of a Buy and raised its price target to $69 on February 29, 2024. Deutsche Bank reiterated a Buy rating for this stock on February 29, 2024, and upped its price target to $66. In a note dated February 26, 2024, Deutsche Bank reiterated an Buy rating on this stock and revised its target price from $64 to $63.
The stock price of Monster Beverage Corp. [MNST] has been fluctuating between $47.13 and $60.47 over the past year. Currently, Wall Street analysts expect the stock to reach $27.68 within the next 12 months. Monster Beverage Corp. [NASDAQ: MNST] shares were valued at $59.82 at the most recent close of the market. An investor can expect a potential drop of -53.73% based on the average MNST price forecast.
Analyzing the MNST fundamentals
The Monster Beverage Corp. [NASDAQ:MNST] reported sales of 7.14B for trailing twelve months, representing a surge of 14.35%. Gross Profit Margin for this corporation currently stands at 0.36% with Operating Profit Margin at 0.19%, Pretax Profit Margin comes in at 0.2%, and Net Profit Margin reading is 0.16%. To continue investigating profitability, this company’s Return on Assets is posted at 0.17, Equity is 0.21 and Total Capital is 0.23. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.0.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 59.17 points at the first support level, and at 58.52 for the second support level. However, for the 1st resistance point, the stock is sitting at 60.20, and for the 2nd resistance point, it is at 60.58.
Monster Beverage Corp. [MNST] reported earnings per share of $0.38 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.38/share, meaning a difference of $0 and a surprise factor of 0.00%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.41 per share as compared to estimates of $0.4 per share, a difference of $0.01 representing a surprise of 2.50%.
Ratios To Look Out For
It’s worth pointing out that Monster Beverage Corp. [NASDAQ:MNST]’s Current Ratio is 4.81. In addition, the Quick Ratio stands at 3.97 and the Cash Ratio stands at 1.98. Considering the valuation of this stock, the price to sales ratio is 8.72, the price to book ratio is 7.57 and price to earnings (TTM) ratio is 38.81.
Transactions by insiders
Recent insider trading involved HALL MARK J, Director, that happened on Mar 04 ’24 when 0.66 million shares were sold. President of EMEA, Carling Guy completed a deal on Dec 14 ’23 to sell 34553.0 shares. Meanwhile, Chief Financial Officer KELLY THOMAS J sold 30000.0 shares on Nov 22 ’23.
