At the time of writing, Monster Beverage Corp. [MNST] stock is trading at $50.77, up 2.01%. An important factor to consider is whether the stock is rising or falling in short-term value. The MNST shares have gain 0.91% over the last week, with a monthly amount glided 2.26%, 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 October 07, 2024, when UBS reiterated its Neutral rating and also boosted its price target to $55 from $51. Previously, ROTH MKM reaffirmed its Neutral rating on August 12, 2024, and dropped its price target to $50. On August 09, 2024, Truist reiterated its Sell rating and revised its price target to $40 on the stock. Wells Fargo reiterated its Overweight rating and decreased its price target to $57 on August 08, 2024. UBS reiterated its recommendation of a Neutral and reduced its price target to $51 on August 08, 2024. RBC Capital Mkts reiterated a Outperform rating for this stock on August 08, 2024, and downed its price target to $60. In a note dated August 08, 2024, Piper Sandler reiterated an Neutral rating on this stock and revised its target price from $59 to $46.
For the past year, the stock price of Monster Beverage Corp. fluctuated 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 $50.77 at the most recent close of the market. An investor can expect a potential drop of -17.9% based on the average MNST price forecast.
Analyzing the MNST fundamentals
According to Monster Beverage Corp. [NASDAQ:MNST], the company’s sales were 7.39B for trailing twelve months, which represents an 2.46% jump. 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 50.09 points at the first support level, and at 49.42 for the second support level. However, for the 1st resistance point, the stock is sitting at 51.12, and for the 2nd resistance point, it is at 51.48.
Ratios To Look Out For
It is important to note that Monster Beverage Corp. [NASDAQ:MNST] has a current ratio of 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 6.73, the price to book ratio is 8.51 and price to earnings (TTM) ratio is 31.61.
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.
