Monster Beverage Corp.’s Market Journey: Closing Weak at 48.03, Down -1.42

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The closing price of Monster Beverage Corp. (NASDAQ: MNST) was $48.03 for the day, down -1.42% from the previous closing price of $48.72. In other words, the price has decreased by -$1.42 from its previous closing price. On the day, 10.69 million shares were traded. MNST stock price reached its highest trading level at $48.805 during the session, while it also had its lowest trading level at $47.67.

Ratios:

Our analysis of MNST’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 14.05 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 34.32. 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:

Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. 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 47330344960 and an Enterprise Value of 46535389184. As of this moment, Monster’s Price-to-Earnings (P/E) ratio for their current fiscal year is 30.27, and their Forward P/E ratio for the next fiscal year is 23.66. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.24. For the stock, the TTM Price-to-Sale (P/S) ratio is 6.82 while its Price-to-Book (P/B) ratio in mrq is 5.83. Its current Enterprise Value per Revenue stands at 6.34 whereas that against EBITDA is 21.727.

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 -10.21%, while the 200-Day Moving Average is calculated to be -12.69%.

Shares Statistics:

MNST traded an average of 9.01M shares per day over the past three months and 23221840 shares per day over the past ten days. A total of 1.04B shares are outstanding, with a floating share count of 757.94M. Insiders hold about 27.24% of the company’s shares, while institutions hold 66.31% stake in the company. Shares short for MNST as of 1715731200 were 15622509 with a Short Ratio of 2.89, compared to 1713139200 on 12203693. Therefore, it implies a Short% of Shares Outstanding of 15622509 and a Short% of Float of 2.0499999.

Earnings Estimates

The firm’s stock currently is rated by 17.0 analysts. 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 $2.04, with 21.0 analysts recommending between $2.18 and $1.92.

Revenue Estimates

It is expected that $90B in revenue will be generated in the current quarter, according to 16 analysts. 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 $2.11B for the next quarter, whereas the lowest estimate is $1.95B.

A total of 21 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 21 analysts’ estimates, the company’s revenue will be $8.67B in the next fiscal year. The high estimate is $9.07B and the low estimate is $8.24B.

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