Monster Beverage Corp. [NASDAQ: MNST] loss -0.22% or -0.12 points to close at $53.44 with a heavy trading volume of 3872671 shares.
The daily chart for MNST points out that the company has recorded 0.55% gains over the past six months.
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If we look at the average trading volume of 6.17M shares, MNST reached to a volume of 3872671 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying 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 $55.34 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 2.10. 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.
BofA Securities have made an estimate for Monster Beverage Corp. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on October 15, 2024. While these analysts kept the previous recommendation, UBS raised their target price from $51 to $55. The new note on the price target was released on October 07, 2024, representing the official price target for Monster Beverage Corp. stock. Previously, the target price had yet another drop from $56 to $50, while ROTH MKM kept a Neutral rating on MNST stock. On August 09, 2024, analysts decreased their price target for MNST shares from 46 to 40.
The Average True Range (ATR) for Monster Beverage Corp. is set at 0.97, with the Price to Sales ratio for MNST stock in the period of the last 12 months amounting to 7.09. The Price to Book ratio for the last quarter was 8.96, 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 34.03 with Quick ratio for the last quarter at 2.69.
Trading performance analysis for MNST stock
Monster Beverage Corp. [MNST] fell into the red zone at the end of the last week, falling into a negative trend and dropping by 0.00. With this latest performance, MNST shares gained by 3.43% in over the last four-week period, additionally plugging by 0.55% over the last 6 months – not to mention a rise of 6.77% 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 62.00, with the RSI for the last a single of trading hit 63.71, and the three-weeks RSI is set at 60.18 for Monster Beverage Corp. [MNST]. The present Moving Average for the last 50 days of trading for this stock 50.25, while it was recorded at 53.68 for the last single week of trading, and 53.01 for the last 200 days.
Monster Beverage Corp. [MNST]: A deeper dive into fundamental analysis
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.
Monster Beverage Corp. [MNST]: An earnings per share (EPS) analysis
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 11.87%.
An analysis of Institutional ownership at Monster Beverage Corp. [MNST]
There are presently around $68.71%, or 96.12%% 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%.
