A new trading day began on Friday, with Monster Beverage Corp. (NASDAQ: MNST) stock price down -0.53% from the previous day of trading, before settling in for the closing price of $46.99. MNST’s price has ranged from $43.32 to $61.22 over the past 52 weeks.
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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. Meanwhile, its annual earnings per share averaged 9.29%. With a float of $712.81 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. In terms of profitability, gross margin is 53.73%, operating margin of 27.26%, and the pretax margin is 29.26%.
Monster Beverage Corp. (MNST) Insider and Institutional Ownership
As we move forward, let’s examine how large-scale investors are investing in this stock of the Beverages – Non-Alcoholic Industry. The insider ownership of Monster Beverage Corp. is 27.18%, while institutional ownership is 66.15%. The most recent insider transaction that took place on Jun 11 ’24, was worth 781,801. In this transaction Director of this company sold 15,077 shares at a rate of $51.85, taking the stock ownership to the 68,167 shares. Before that another transaction happened on Jun 11 ’24, when Company’s Director sold 235,908 for $53.00, making the entire transaction worth $12,503,124. This insider now owns 296,846 shares in total.
Monster Beverage Corp. (MNST) Latest Financial update
In its latest quarterly report, released on 6/30/2024, the company reported earnings of 0.41 per share, which was $0.1 higher than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.41 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 9.29% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 13.00% 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
Here are Monster Beverage Corp.’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 2.69. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 6.20. Likewise, its price to free cash flow for the trailing twelve months is 29.76.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 1.61, a number that is poised to hit 0.43 in the next quarter and is forecasted to reach 1.92 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 6.53 million. That was inferior than the volume of 7.42 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic%D was 37.65%. Additionally, its Average True Range was 1.33.
During the past 100 days, Monster Beverage Corp.’s (MNST) raw stochastic average was set at 20.35%, which indicates a significant decrease from 37.67% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 50.87% in the past 14 days, which was higher than the 25.90% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $49.71, while its 200-day Moving Average is $54.24. However, in the short run, Monster Beverage Corp.’s stock first resistance to watch stands at $47.15. Second resistance stands at $47.55. The third major resistance level sits at $47.96. If the price goes on to break the first support level at $46.33, it is likely to go to the next support level at $45.92. The third support level lies at $45.52 if the price breaches the second support level.
Monster Beverage Corp. (NASDAQ: MNST) Key Stats
With a market capitalization of 45.78 billion, the company has a total of 1,041,728K Shares Outstanding. Currently, annual sales are 7,140 M while annual income is 1,631 M. The company’s previous quarter sales were 1,901 M while its latest quarter income was 425,370 K.
