Monster Beverage Corp. [MNST] stock prices are up 1.62% to $46.99 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 4.41% over the last week, with a monthly amount drifted -7.35%, 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 August 12, 2024, when ROTH MKM reiterated its Neutral rating and also revised its price target to $50 from $56. Previously, Truist reaffirmed its Sell rating on August 09, 2024, and dropped its price target to $40. On August 08, 2024, Wells Fargo reiterated its Overweight rating and revised its price target to $57 on the stock. UBS reiterated its Neutral rating and decreased its price target to $51 on August 08, 2024. RBC Capital Mkts reiterated its recommendation of a Outperform and reduced its price target to $60 on August 08, 2024. Piper Sandler reiterated a Neutral rating for this stock on August 08, 2024, and downed its price target to $46. In a note dated August 08, 2024, JP Morgan reiterated an Neutral rating on this stock and revised its target price from $56 to $50.
The stock price of Monster Beverage Corp. [MNST] has been fluctuating between $43.32 and $61.22 over the past year. Currently, Wall Street analysts expect the stock to reach $41.68 within the next 12 months. Monster Beverage Corp. [NASDAQ: MNST] shares were valued at $46.99 at the most recent close of the market. An investor can expect a potential drop of -11.3% based on the average MNST price forecast.
Analyzing the MNST fundamentals
The Monster Beverage Corp. [NASDAQ:MNST] reported sales of 7.39B for trailing twelve months, representing a surge of 2.46%. Gross Profit Margin for this corporation currently stands at 0.54% 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 0.21, Equity is 0.22 and Total Capital is 0.29. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.13.
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 46.51 points at the first support level, and at 46.03 for the second support level. However, for the 1st resistance point, the stock is sitting at 47.51, and for the 2nd resistance point, it is at 48.02.
Ratios To Look Out For
It’s worth pointing out that Monster Beverage Corp. [NASDAQ:MNST]’s Current Ratio is 3.41. In addition, the Quick Ratio stands at 2.69 and the Cash Ratio stands at 1.35. Considering the valuation of this stock, the price to sales ratio is 6.23, the price to book ratio is 7.88 and price to earnings (TTM) ratio is 29.25.
Transactions by insiders
Recent insider trading involved VIDERGAUZ MARK, Director, that happened on Jun 11 ’24 when 15077.0 shares were sold. Director, HALL MARK J completed a deal on Jun 11 ’24 to sell 0.24 million shares. Meanwhile, Vice Chairman and Co-CEO SCHLOSBERG HILTON H sold 0.33 million shares on Jun 11 ’24.
