Closing Figures: Monster Beverage Corp. (MNST)’s Negative Finish at 45.89, Down -0.37

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After finishing at $46.06 in the prior trading day, Monster Beverage Corp. (NASDAQ: MNST) closed at $45.89, down -0.37%. In other words, the price has decreased by -$0.37 from its previous closing price. On the day, 7.64 million shares were traded. MNST stock price reached its highest trading level at $46.57 during the session, while it also had its lowest trading level at $45.86.

Ratios:

Our goal is to gain a better understanding of MNST by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 28.73 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 29.22. For the most recent quarter (mrq), Quick Ratio is recorded 2.69 and its Current Ratio is at 3.41. In the meantime, Its Debt-to-Equity ratio is 0.14 whereas as Long-Term Debt/Eq ratio is at 0.14.

Upgrades & Downgrades

In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, ROTH MKM on August 12, 2024, Reiterated its Neutral rating but revised its target price to $50 from $56 previously.

On August 09, 2024, Truist reiterated its Sell rating and also upped its target price recommendation from $46 to $40.

Wells Fargo reiterated its Overweight rating for the stock on August 08, 2024, while the target price for the stock was revised from $59 to $57.

Insider Transactions:

The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Jun 11 ’24 when SACKS RODNEY C sold 331,231 shares for $53.00 per share. The transaction valued at 17,555,243 led to the insider holds 43,618 shares of the business.

SCHLOSBERG HILTON H sold 331,231 shares of MNST for $17,555,243 on Jun 11 ’24. The Vice Chairman and Co-CEO now owns 43,618 shares after completing the transaction at $53.00 per share. On Jun 11 ’24, another insider, HALL MARK J, who serves as the Director of the company, sold 235,908 shares for $53.00 each. As a result, the insider received 12,503,124 and left with 296,846 shares of the company.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, MNST now has a Market Capitalization of 45114822656 and an Enterprise Value of 44194422784. As of this moment, Monster’s Price-to-Earnings (P/E) ratio for their current fiscal year is 28.57, and their Forward P/E ratio for the next fiscal year is 23.70. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.06. For the stock, the TTM Price-to-Sale (P/S) ratio is 6.09 while its Price-to-Book (P/B) ratio in mrq is 7.69. Its current Enterprise Value per Revenue stands at 5.984 whereas that against EBITDA is 20.564.

Stock Price History:

Over the past 52 weeks, MNST has reached a high of $61.22, while it has fallen to a 52-week low of $43.32. The 50-Day Moving Average of the stock is -8.68%, while the 200-Day Moving Average is calculated to be -15.54%.

Shares Statistics:

The stock has traded on average 10.11M shares per day over the past 3-months and 8963360 shares per day over the last 10 days, according to various share statistics. A total of 1.04B shares are outstanding, with a floating share count of 713.32M. Insiders hold about 27.18% of the company’s shares, while institutions hold 69.62% stake in the company. Shares short for MNST as of 1721001600 were 23380962 with a Short Ratio of 2.29, compared to 1718323200 on 32315254. Therefore, it implies a Short% of Shares Outstanding of 23380962 and a Short% of Float of 3.34.

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