Monster Beverage Corp. [NASDAQ: MNST] closed the trading session at $56.16. The company report on January 31, 2024 at 1:45 PM that Monster Beverage Corporation’s CANarchy Craft Brewery Collective to Operate as Monster Brewing Company.
— Change Will Leverage Parent Company Brand Equity –.
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The stocks have a year to date performance of -2.52 percent and weekly performance of -0.32 percent. The stock has been moved at -4.83 percent over the last six months. The stock has performed -4.89 percent around the most recent 30 days and changed 1.59 percent over the most recent 3-months.
If compared to the average trading volume of 1.10 shares, MNST reached to a volume of 5970506 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 $63.02 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 1.88. 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.
JP Morgan have made an estimate for Monster Beverage Corp. shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on January 17, 2024.
The Average True Range (ATR) for Monster Beverage Corp. is set at 0.91, with the Price to Sales ratio for MNST stock in the period of the last 12 months amounting to 8.44. 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 2.89. Price to Free Cash Flow for MNST in the course of the last twelve months was 41.17 with Quick ratio for the last quarter at 3.76.
MNST stock trade performance evaluation
Monster Beverage Corp. [MNST] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -0.32. With this latest performance, MNST shares dropped by -4.89% in over the last four-week period, additionally sinking by -4.83% over the last 6 months – not to mention a rise of 9.26% 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 50.17, with the RSI for the last a single of trading hit 51.44, and the three-weeks RSI is set at 50.44 for Monster Beverage Corp. [MNST]. The present Moving Average for the last 50 days of trading for this stock 56.25, while it was recorded at 56.14 for the last single week of trading, and 56.09 for the last 200 days.
Monster Beverage Corp. [MNST]: An insightful look at the core fundamentals
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
With the latest financial reports released by the company, Monster Beverage Corp. posted 0.28/share EPS, while the average EPS was predicted by analysts to be reported at 0.31/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -9.70%. 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 22.81%.
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 8.2815%. BLACKROCK INC., holding 1.03 billion shares of the stock with an approximate value of $176.59 billion in MNST stocks shares; and BERKSHIRE HATHAWAY INC, currently with $156.75 billion in MNST stock with ownership which is approximately 5.8325%.
