A share price of Monster Beverage Corp. [MNST] is currently trading at $52.01, up 0.66%. An important factor to consider is whether the stock is rising or falling in short-term value. The MNST shares have gain 0.35% over the last week, with a monthly amount glided 9.29%, and 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.
Monster Beverage Corp. experienced fluctuations in its stock price throughout the past year between $43.32 and $61.22. 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 $52.01 at the most recent close of the market. An investor can expect a potential drop of -19.86% based on the average MNST price forecast.
Analyzing the MNST fundamentals
Trailing Twelve Months sales for Monster Beverage Corp. [NASDAQ:MNST] were 7.39B which represents 2.46% growth. 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. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.13.
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 51.48 points at the first support level, and at 50.94 for the second support level. However, for the 1st resistance point, the stock is sitting at 52.32, and for the 2nd resistance point, it is at 52.63.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Monster Beverage Corp. [NASDAQ:MNST] is 3.41. On the other hand, the Quick Ratio is 2.69, and the Cash Ratio is 1.35. Considering the valuation of this stock, the price to sales ratio is 6.90, the price to book ratio is 8.72 and price to earnings (TTM) ratio is 32.38.
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.
