Monster Beverage Corp. (MNST) concluded trading on Thursday at a closing price of $53.44, with 3.87 million shares of worth about $206.96 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 0.55% during that period and on October 24, 2024 the price saw a loss of about -0.22%. Currently the company’s common shares owned by public are about 1.04B shares, out of which, 696.42M shares are available for trading.
Stock saw a price change of 0.00% in past 5 days and over the past one month there was a price change of 3.43%. Year-to-date (YTD), MNST shares are showing a performance of -7.24% which increased to 6.77% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $43.32 but also hit the highest price of $61.22 during that period. The average intraday trading volume for Monster Beverage Corp. shares is 6.17 million. The stock is currently trading 2.89% above its 20-day simple moving average (SMA20), while that difference is up 6.34% for SMA50 and it goes to 0.81% higher than SMA200.
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Monster Beverage Corp. (NASDAQ: MNST) currently have 1.04B outstanding shares and institutions hold larger chunk of about 66.22% of that.
The stock has a current market capitalization of $52.35B and its 3Y-monthly beta is at 0.74. PE ratio of stock for trailing 12 months is 33.27, while it has posted earnings per share of $1.61 in the same period. Its PEG reads 2.80 and has Quick Ratio of 2.69 while making debt-to-equity ratio of 0.14. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for MNST, volatility over the week remained 1.57% while standing at 1.80% over the month.
Stock’s fiscal year EPS is expected to rise by 9.08% while it is estimated to increase by 13.94% in next year. EPS is likely to grow at an annualized rate of 11.87% for next 5-years, compared to annual growth of 11.87% made by the stock over the past 5-years.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by BofA Securities on October 15, 2024 offering a Buy rating for the stock and assigned a target price range of between $56 and $57 to it. Coverage by UBS stated Monster Beverage Corp. (MNST) stock as a Neutral in their note to investors on October 07, 2024, suggesting a price target of $55 for the stock. On August 12, 2024, ROTH MKM Reiterated their recommendations, while on August 09, 2024, Truist Reiterated their ratings for the stock with a price target of $40. Stock get an Overweight rating from Wells Fargo on August 08, 2024.
