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After finishing at $54.48 in the prior trading day, Monster Beverage Corp. (NASDAQ: MNST) closed at $54.24, down -0.44%. In other words, the price has decreased by -$0.44 from its previous closing price. On the day, 5.47 million shares were traded. MNST stock price reached its highest trading level at $54.635 during the session, while it also had its lowest trading level at $54.12.
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 15.87 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 38.75. For the most recent quarter (mrq), Quick Ratio is recorded 4.15 and its Current Ratio is at 4.91. In the meantime, Its Debt-to-Equity ratio is 0.01 whereas as Long-Term Debt/Eq ratio is at 0.01.
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, UBS on May 03, 2024, Reiterated its Neutral rating but revised its target price to $60 from $61 previously.
On May 03, 2024, Piper Sandler reiterated its Neutral rating and also lowered its target price recommendation from $58 to $59.
Morgan Stanley reiterated its Overweight rating for the stock on May 03, 2024, while the target price for the stock was revised from $68 to $65.
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 Mar 04 ’24 when HALL MARK J sold 659,000 shares for $58.55 per share. The transaction valued at 38,584,450 led to the insider holds 777,840 shares of the business.
Carling Guy sold 34,553 shares of MNST for $1,919,419 on Dec 14 ’23. The President of EMEA now owns 0 shares after completing the transaction at $55.55 per share. On Nov 22 ’23, another insider, KELLY THOMAS J, who serves as the Chief Financial Officer of the company, sold 30,000 shares for $55.19 each. As a result, the insider received 1,655,700 and left with 60,056 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 56855998464 and an Enterprise Value of 53004521472. As of this moment, Monster’s Price-to-Earnings (P/E) ratio for their current fiscal year is 34.19, and their Forward P/E ratio for the next fiscal year is 26.65. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.53. For the stock, the TTM Price-to-Sale (P/S) ratio is 7.70 while its Price-to-Book (P/B) ratio in mrq is 6.59. Its current Enterprise Value per Revenue stands at 7.221 whereas that against EBITDA is 24.747.
Stock Price History:
The Beta on a monthly basis for MNST is 0.77, which has changed by -0.093734324 over the last 52 weeks, in comparison to a change of 0.2644323 over the same period for the S&P500. Over the past 52 weeks, MNST has reached a high of $61.22, while it has fallen to a 52-week low of $47.13. The 50-Day Moving Average of the stock is -3.89%, while the 200-Day Moving Average is calculated to be -2.41%.
Shares Statistics:
The stock has traded on average 5.70M shares per day over the past 3-months and 7473260 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 757.40M. Insiders hold about 27.29% of the company’s shares, while institutions hold 66.08% stake in the company. Shares short for MNST as of 1714435200 were 13273296 with a Short Ratio of 2.33, compared to 1711584000 on 14178399. Therefore, it implies a Short% of Shares Outstanding of 13273296 and a Short% of Float of 1.76.
Earnings Estimates
A comprehensive evaluation of Monster Beverage Corp. (MNST) is underway, with the input of 17.0 analysts contributing to its current rating.On average, analysts expect EPS of $0.46 for the current quarter, with a high estimate of $0.49 and a low estimate of $0.42, while EPS last year was $0.39. The consensus estimate for the next quarter is $0.46, with high estimates of $0.49 and low estimates of $0.43.
Analysts are recommending an EPS of between $1.92 and $1.67 for the fiscal current year, implying an average EPS of $1.78. EPS for the following year is $2.03, with 20.0 analysts recommending between $2.18 and $1.89.
Revenue Estimates
16 analysts predict $2.04B in revenue for the current quarter. It ranges from a high estimate of $2.11B to a low estimate of $1.92B. As of the current estimate, Monster Beverage Corp.’s year-ago sales were $1.85BFor the next quarter, 16 analysts are estimating revenue of $2.03B. There is a high estimate of $2.12B for the next quarter, whereas the lowest estimate is $1.95B.
A total of 19 analysts have provided revenue estimates for MNST’s current fiscal year. The highest revenue estimate was $8.04B, while the lowest revenue estimate was $7.57B, resulting in an average revenue estimate of $7.87B. In the same quarter a year ago, actual revenue was $7.14BBased on 19 analysts’ estimates, the company’s revenue will be $8.66B in the next fiscal year. The high estimate is $9.07B and the low estimate is $8.24B.
