Monster Beverage Corp. [MNST] Revenue clocked in at $6.92 billion, down -2.60% YTD: What’s Next?

Monster Beverage Corp. [NASDAQ: MNST] traded at a high on Tuesday, posting a 0.70 gain after which it closed the day’ session at $56.11. The company report on February 21, 2024 at 4:00 PM that Monster Beverage to Report Financial Results for 2023 Fourth Quarter on February 28, 2024.

— Company to Conduct Conference Call at 2 p.m. Pacific Time –.

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The results of the trading session contributed to over 4199493 shares changing hands. Over the past one week, the price volatility of Monster Beverage Corp. stands at 1.41% while the volatility over the past one month is 1.53%.

The market cap for MNST stock reached $58.38 billion, with 1.04 billion shares outstanding and 746.61 million shares in the current float. Compared to the average trading volume of 5.41M shares, MNST reached a trading volume of 4199493 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus 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 $62.97 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.

Deutsche Bank have made an estimate for Monster Beverage Corp. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on February 26, 2024. While these analysts kept the previous recommendation, JP Morgan raised their target price from $61 to $65. The new note on the price target was released on January 17, 2024, representing the official price target for Monster Beverage Corp. stock. Previously, the target price had yet another raise from $62 to $68, while Goldman kept a Buy rating on MNST stock. On January 17, 2024, analysts increased their price target for MNST shares from 63 to 69.

The Average True Range (ATR) for Monster Beverage Corp. is set at 0.88, with the Price to Sales ratio for MNST stock in the period of the last 12 months amounting to 8.43. The Price to Book ratio for the last quarter was 7.41, 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 41.14 with Quick ratio for the last quarter at 3.76.

How has MNST stock performed recently?

Monster Beverage Corp. [MNST] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 1.28. With this latest performance, MNST shares gained by 1.21% in over the last four-week period, additionally sinking by -2.15% over the last 6 months – not to mention a rise of 10.86% 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 52.45, with the RSI for the last a single of trading hit 56.23, and the three-weeks RSI is set at 51.40 for Monster Beverage Corp. [MNST]. The present Moving Average for the last 50 days of trading for this stock 56.35, while it was recorded at 55.47 for the last single week of trading, and 55.97 for the last 200 days.

Monster Beverage Corp. [MNST]: Deeper insight into the 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 analysis for Monster Beverage Corp. [MNST]

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%.

Insider trade positions for Monster Beverage Corp. [MNST]

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%.