Monster Beverage Corp. (NASDAQ: MNST) kicked off on Monday, up 0.87% from the previous trading day, before settling in for the closing price of $53.14. Over the past 52 weeks, MNST has traded in a range of $47.13-$61.22.
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A company in the Consumer Defensive sector has jumped its sales by 13.47% annually for the last half of the decade. While this was happening, its average annual earnings per share was recorded 17.79%. With a float of $756.27 million, this company’s outstanding shares have now reached $1.04 billion.
In an organization with 6003 employees, it is important to assess its efficiency.
Monster Beverage Corp. (MNST) Insider and Institutional Ownership
Our next focus will be how large-scale investors are participating in this stock of the Beverages – Non-Alcoholic Industry. The insider ownership of Monster Beverage Corp. is 27.33%, while institutional ownership is 65.60%. 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
In the latest quarterly report, which was put into the public domain on 12/31/2023, the organization reported $0.38 earnings per share (EPS), higher than consensus estimate (set at $0.38) by $0. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.47 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 17.79% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 13.54% 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
Take a look at Monster Beverage Corp.’s (MNST) current performance indicators. Last quarter, stock had a quick ratio of 3.97. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 7.81. Likewise, its price to free cash flow for the trailing twelve months is 37.28.
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)
Let’s dig in a bit further. During the last 5-days, its volume was 6.35 million. That was better than the volume of 5.35 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 17.42%. Additionally, its Average True Range was 1.01.
During the past 100 days, Monster Beverage Corp.’s (MNST) raw stochastic average was set at 10.14%, which indicates a significant decrease from 19.71% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 14.23% in the past 14 days, which was lower than the 18.75% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $57.09, while its 200-day Moving Average is $55.82. However, in the short run, Monster Beverage Corp.’s stock first resistance to watch stands at $53.85. Second resistance stands at $54.10. The third major resistance level sits at $54.40. If the price goes on to break the first support level at $53.30, it is likely to go to the next support level at $53.00. The third support level lies at $52.75 if the price breaches the second support level.
Monster Beverage Corp. (NASDAQ: MNST) Key Stats
The company with the Market Capitalisation of 55.78 billion has total of 1,040,636K Shares Outstanding. Its annual sales at the moment are 7,140 M in contrast with the sum of 1,631 M annual income. Company’s last quarter sales were recorded 1,730 M and last quarter income was 366,980 K.
