Monster Beverage Corp. [NASDAQ: MNST] stock went on a downward path that fall over -3.36% on Monday, amounting to a one-week price decrease of less than -5.62%.
Over the last 12 months, MNST stock dropped by -1.70%. The one-year Monster Beverage Corp. stock forecast points to a potential upside of 10.62. The average equity rating for MNST stock is currently 2.14, trading closer to a bullish pattern in the stock market.
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The market cap for the stock reached $48.23 billion, with 1.04 billion shares outstanding and 696.42 million shares in the current float. Compared to the average trading volume of 6.25M shares, MNST stock reached a trading volume of 7557527 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on 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 $55.09 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 2.14. 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.
UBS have made an estimate for Monster Beverage Corp. shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on Oct-08-24. While these analysts kept the previous recommendation, ROTH MKM dropped their target price from $56 to $50. The new note on the price target was released on August 12, 2024, representing the official price target for Monster Beverage Corp. stock. Previously, the target price had yet another drop from $46 to $40, while Truist kept a Sell rating on MNST stock. On August 08, 2024, analysts decreased their price target for MNST shares from 59 to 57.
The Average True Range (ATR) for Monster Beverage Corp. is set at 1.09, with the Price to Sales ratio for MNST stock in the period of the last 12 months amounting to 6.53. The Price to Book ratio for the last quarter was 8.25, with the Price to Cash per share for the same quarter was set at 1.60. Price to Free Cash Flow for MNST in the course of the last twelve months was 31.36 with Quick ratio for the last quarter at 2.69.
MNST Stock Performance Analysis:
Monster Beverage Corp. [MNST] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -5.62. With this latest performance, MNST shares gained by 1.21% in over the last four-week period, additionally sinking by -11.52% over the last 6 months – not to mention a drop of -1.70% 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 42.47, with the RSI for the last a single of trading hit 35.69, and the three-weeks RSI is set at 45.69 for Monster Beverage Corp. [MNST]. The present Moving Average for the last 50 days of trading for this stock 49.41, while it was recorded at 50.61 for the last single week of trading, and 53.32 for the last 200 days.
Insight into Monster Beverage Corp. Fundamentals:
Monster Beverage Corp.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.69 and a Current Ratio set at 3.41.
MNST Stock EPS
With the latest financial reports released by the company, Monster Beverage Corp. posted 0.41/share EPS, while the average EPS was predicted by analysts to be reported at 0.4/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 0.01. 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 11.35%.
Monster Beverage Corp. [MNST] Institutonal Ownership Details
There are presently around $68.60%, or 95.97%% of MNST stock, in the hands of institutional investors. The top three institutional holders of MNST stocks are: VANGUARD GROUP INC with ownership of 65.65 million shares, which is approximately 6.3063%. BLACKROCK INC., holding 52.45 million shares of the stock with an approximate value of $$2.62 billion in MNST stocks shares; and BLACKROCK INC., currently with $$2.14 billion in MNST stock with ownership which is approximately 4.1238%.
