At the time of writing, Monster Beverage Corp. [MNST] stock is trading at $49.85, up 0.10%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The MNST shares have gain 1.03% over the last week, with a monthly amount drifted -5.39%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Monster Beverage Corp. [NASDAQ: MNST] stock has seen the most recent analyst activity on July 10, 2024, when Citigroup reiterated its Buy rating and also revised its price target to $60 from $69. Previously, BofA Securities reaffirmed its Buy rating on July 10, 2024, and dropped its price target to $60. On June 25, 2024, Wells Fargo reiterated its Overweight rating and revised its price target to $59 on the stock. Exane BNP Paribas started tracking the stock assigning a Underperform rating and suggested a price target of $48 on June 24, 2024. Stifel reiterated its recommendation of a Buy and reduced its price target to $57 on June 17, 2024. UBS reiterated a Neutral rating for this stock on May 03, 2024, and downed its price target to $60. In a note dated May 03, 2024, Piper Sandler reiterated an Neutral rating on this stock and boosted its target price from $58 to $59.
For the past year, the stock price of Monster Beverage Corp. fluctuated between $47.13 and $61.22. Currently, Wall Street analysts expect the stock to reach $42.79 within the next 12 months. Monster Beverage Corp. [NASDAQ: MNST] shares were valued at $49.85 at the most recent close of the market. An investor can expect a potential drop of -14.16% based on the average MNST price forecast.
Analyzing the MNST fundamentals
According to Monster Beverage Corp. [NASDAQ:MNST], the company’s sales were 7.34B for trailing twelve months, which represents an 11.78% jump. 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 of0.01.
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 49.41 points at the first support level, and at 48.96 for the second support level. However, for the 1st resistance point, the stock is sitting at 50.09, and for the 2nd resistance point, it is at 50.33.
Ratios To Look Out For
It is important to note that Monster Beverage Corp. [NASDAQ:MNST] has a current ratio of 4.91. As well, the Quick Ratio is 4.15, while the Cash Ratio is 2.1. Considering the valuation of this stock, the price to sales ratio is 7.07, the price to book ratio is 6.05 and price to earnings (TTM) ratio is 31.42.
Transactions by insiders
Recent insider trading involved SACKS RODNEY C, Chairman and Co-CEO, that happened on Jun 11 ’24 when 0.33 million shares were sold. Vice Chairman and Co-CEO, SCHLOSBERG HILTON H completed a deal on Jun 11 ’24 to sell 0.33 million shares. Meanwhile, Director HALL MARK J sold 0.24 million shares on Jun 11 ’24.
