Monster Beverage Corp. [NASDAQ: MNST] surged by $0.58 during the normal trading session on Monday and reaching a high of $56.96 during the day while it closed the day at $56.14. The company report on November 2, 2023 at 4:10 PM that Monster Beverage Reports 2023 Third Quarter Financial Results.
— Record Third Quarter Net Sales Rise 14.3 Percent to $1.86 Billion —- Net Sales, Adjusted for Adverse Changes in Foreign Currency of $29.2 Million, Rise 16.1 Percent —- Gross Profit as a Percentage of Net Sales Improves to 53.0 Percent on a Reported Basis and to 53.4 Percent Excluding the Bang Inventory Step-Up —- Third Quarter Net Income Increases 40.4 Percent to $452.7 Million –.
Monster Beverage Corp. stock has also gained 10.77% of its value over the past 7 days. However, MNST stock has declined by -2.21% in the 3 months of the year. Over the past six months meanwhile, it has lost -4.91% and gained 10.59% year-on date.
The market cap for MNST stock reached $58.81 billion, with 1.04 billion shares outstanding and 752.88 million shares in the current float. Compared to the average trading volume of 5.25M shares, MNST reached a trading volume of 5532280 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say about Monster Beverage Corp. [MNST]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for MNST shares is $61.58 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on MNST stock is a recommendation set at 1.76. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Wells Fargo have made an estimate for Monster Beverage Corp. shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on November 03, 2023.
The Average True Range (ATR) for Monster Beverage Corp. is set at 1.38, with the Price to Sales ratio for MNST stock in the period of the last 12 months amounting to 8.49. The Price to Book ratio for the last quarter was 7.42, with the Price to Cash per share for the same quarter was set at 2.87. Price to Free Cash Flow for MNST in the course of the last twelve months was 43.61 with Quick ratio for the last quarter at 3.76.
MNST stock trade performance evaluation
Monster Beverage Corp. [MNST] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 10.77. With this latest performance, MNST shares gained by 12.35% in over the last four-week period, additionally sinking by -4.91% over the last 6 months – not to mention a rise of 23.26% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for MNST stock in for the last two-week period is set at 72.35, with the RSI for the last a single of trading hit 83.78, and the three-weeks RSI is set at 64.30 for Monster Beverage Corp. [MNST]. The present Moving Average for the last 50 days of trading for this stock 53.18, while it was recorded at 53.42 for the last single week of trading, and 54.73 for the last 200 days.
Monster Beverage Corp. [MNST]: An insightful look at the core fundamentals
Operating Margin for any stock indicates how profitable investing would be, and Monster Beverage Corp. [MNST] shares currently have an operating margin of +25.11 and a Gross Margin at +50.30. Monster Beverage Corp.’s Net Margin is presently recorded at +18.88.
Return on Total Capital for MNST is now 23.19, given the latest momentum, and Return on Invested Capital for the company is 17.47. Return on Equity for this stock inclined to 17.53, with Return on Assets sitting at 14.69. When it comes to the capital structure of this company, Monster Beverage Corp. [MNST] has a Total Debt to Total Equity ratio set at 0.65. Additionally, MNST Total Debt to Total Capital is recorded at 0.65, with Total Debt to Total Assets ending up at 0.55. Long-Term Debt to Equity for the company is recorded at 0.42, with the Long-Term Debt to Total Capital now at 0.42.
Reflecting on the efficiency of the workforce at the company, Monster Beverage Corp. [MNST] managed to generate an average of $225,005 per employee. Receivables Turnover for the company is 6.60 with a Total Asset Turnover recorded at a value of 0.78.Monster Beverage Corp.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 3.76 and a Current Ratio set at 4.51.
Earnings per share (EPS) analysis for Monster Beverage Corp. [MNST] stock
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for MNST. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Monster Beverage Corp. go to 22.64%.
Monster Beverage Corp. [MNST]: Institutional Ownership
The top three institutional holders of MNST stocks are: VANGUARD GROUP INC with ownership of 1.3 billion shares, which is approximately 8.2579%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $201.66 billion in MNST stocks shares; and BERKSHIRE HATHAWAY INC, currently with $177.59 billion in MNST stock with ownership which is approximately 5.7994%.