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Monster Beverage Corp. (NASDAQ: MNST) closed the day trading at $49.14 down -0.41% from the previous closing price of $49.34. In other words, the price has decreased by -$0.41 from its previous closing price. On the day, 4.17 million shares were traded. MNST stock price reached its highest trading level at $49.66 during the session, while it also had its lowest trading level at $49.06.
Ratios:
For a better understanding of MNST, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 14.38 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 35.11. 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, Wells Fargo on June 25, 2024, Reiterated its Overweight rating but revised its target price to $59 from $65 previously.
On June 24, 2024, Exane BNP Paribas started tracking the stock assigning a Underperform rating and target price of $48.
Stifel reiterated its Buy rating for the stock on June 17, 2024, while the target price for the stock was revised from $63 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 48443887616 and an Enterprise Value of 47712542720. As of this moment, Monster’s Price-to-Earnings (P/E) ratio for their current fiscal year is 30.97, and their Forward P/E ratio for the next fiscal year is 24.20. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.16. For the stock, the TTM Price-to-Sale (P/S) ratio is 6.97 while its Price-to-Book (P/B) ratio in mrq is 5.97. Its current Enterprise Value per Revenue stands at 6.5 whereas that against EBITDA is 22.276.
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 $47.13. The 50-Day Moving Average of the stock is -5.88%, while the 200-Day Moving Average is calculated to be -9.95%.
Shares Statistics:
Over the past 3-months, MNST traded about 9.93M shares per day on average, while over the past 10 days, MNST traded about 7947660 shares per day. A total of 1.04B shares are outstanding, with a floating share count of 758.60M. Insiders hold about 27.18% of the company’s shares, while institutions hold 66.30% stake in the company. Shares short for MNST as of 1718323200 were 32315254 with a Short Ratio of 3.26, compared to 1715731200 on 15622509. Therefore, it implies a Short% of Shares Outstanding of 32315254 and a Short% of Float of 4.62.
