On Monday, Monster Beverage Corp. (NASDAQ: MNST) opened lower -1.64% from the last session, before settling in for the closing price of $55.01. Price fluctuations for MNST have ranged from $47.13 to $61.22 over the past 52 weeks.
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Annual sales at Consumer Defensive sector company grew by 13.47% over the past five years. Company’s average yearly earnings per share was noted 18.01% at the time writing. With a float of $767.10 million, this company’s outstanding shares have now reached $1.04 billion.
Let’s look at the performance matrix of the company that is accounted for 6003 employees.
Monster Beverage Corp. (MNST) Insider and Institutional Ownership
A key investor’s attitude towards the stock of the Beverages – Non-Alcoholic industry is another important factor to consider. The insider ownership of Monster Beverage Corp. is 26.29%, while institutional ownership is 65.61%. The most recent insider transaction that took place on Mar 04 ’24, was worth 38,584,450. In this transaction Director of this company sold 659,000 shares at a rate of $58.55, taking the stock ownership to the 777,840 shares. Before that another transaction happened on Dec 14 ’23, when Company’s President of EMEA sold 34,553 for $55.55, making the entire transaction worth $1,919,419. This insider now owns 0 shares in total.
Monster Beverage Corp. (MNST) Latest Financial update
According to the Wall Street analysts, stocks earnings will be around 18.01% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 14.30% during the next five years compared to 11.87% growth over the previous five years of trading.
Monster Beverage Corp. (NASDAQ: MNST) Trading Performance Indicators
Check out the current performance indicators for Monster Beverage Corp. (MNST). In the past quarter, the stock posted a quick ratio of 3.97. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 7.89. Likewise, its price to free cash flow for the trailing twelve months is 37.63.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 1.54, a number that is poised to hit 0.44 in the next quarter and is forecasted to reach 2.06 in one year’s time.
Technical Analysis of Monster Beverage Corp. (MNST)
Monster Beverage Corp. (NASDAQ: MNST) saw its 5-day average volume 5.84 million, a positive change from its year-to-date volume of 5.29 million. As of the previous 9 days, the stock’s Stochastic %D was 14.66%. Additionally, its Average True Range was 1.02.
During the past 100 days, Monster Beverage Corp.’s (MNST) raw stochastic average was set at 7.42%, which indicates a significant decrease from 8.51% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 14.71% in the past 14 days, which was lower than the 18.50% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $57.30, while its 200-day Moving Average is $55.90. Nevertheless, the first resistance level for the watch stands at $55.21 in the near term. At $56.31, the stock is likely to face the second major resistance level. The third major resistance level sits at $57.14. If the price goes on to break the first support level at $53.28, it is likely to go to the next support level at $52.45. The third support level lies at $51.35 if the price breaches the second support level.
Monster Beverage Corp. (NASDAQ: MNST) Key Stats
There are currently 1,040,636K shares outstanding in the company with a market cap of 56.31 billion. Presently, the company’s annual sales total 7,140 M according to its annual income of 1,631 M. Last quarter, the company’s sales amounted to 1,730 M and its income totaled 366,980 K.
