Monster Beverage Corp. [MNST] stock prices are up 1.07% to $54.69 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The MNST shares have lost -1.90% over the last week, with a monthly amount drifted -9.53%, and not seem to be holding up well over a long-time horizon.
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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 $61.22 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 $54.69 at the most recent close of the market. An investor can expect a potential drop of -49.39% 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 0.53% with Operating Profit Margin at 0.27%, Pretax Profit Margin comes in at 0.29%, and Net Profit Margin reading is 0.23%. 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. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.0.
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 54.12 points at the first support level, and at 53.54 for the second support level. However, for the 1st resistance point, the stock is sitting at 55.13, and for the 2nd resistance point, it is at 55.56.
Ratios To Look Out For
It’s worth pointing out that Monster Beverage Corp. [NASDAQ:MNST]’s Current Ratio is 4.81. On the other hand, the Quick Ratio is 3.97, and the Cash Ratio is 1.98. Considering the valuation of this stock, the price to sales ratio is 7.97, the price to book ratio is 6.92 and price to earnings (TTM) ratio is 35.48.
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.
