Monster Beverage Corp. (NASDAQ: MNST) on Friday, plunged -0.13% from the previous trading day, before settling in for the closing price of $53.44. Within the past 52 weeks, MNST’s price has moved between $43.32 and $61.22.
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It was noted that within the last five years, the titan of the Consumer Defensive sector saw sales topped by 13.47%. The company achieved an average annual earnings per share of 9.08%. With a float of $696.42 million, this company’s outstanding shares have now reached $1.04 billion.
The extent of productivity of a business whose workforce counts for 6003 workers is very important to gauge. 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 Updates
Observing investor behavior towards Beverages – Non-Alcoholic industry stocks is more important than anything else. The insider ownership of Monster Beverage Corp. is 28.90%, while institutional ownership is 66.23%. 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) Performance Highlights and Predictions
As on 6/30/2024, Multinational firm has announced its last quarter scores, in which it reported 0.41 earnings per share (EPS) for the period topping the consensus outlook (set at 0.4) by 0.01. 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 9.08% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 11.87% 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
Monster Beverage Corp. (MNST) is currently performing well based on its current performance indicators. A quick ratio of 2.69 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 7.08. Likewise, its price to free cash flow for the trailing twelve months is 33.99.
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 1.91 in one year’s time.
Technical Analysis of Monster Beverage Corp. (MNST)
The latest stats from [Monster Beverage Corp., MNST] show that its last 5-days average volume of 3.33 million was inferior to 6.98 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 68.57%. Additionally, its Average True Range was 0.95.
During the past 100 days, Monster Beverage Corp.’s (MNST) raw stochastic average was set at 89.57%, which indicates a significant increase from 78.53% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 12.81% in the past 14 days, which was lower than the 27.28% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $50.38, while its 200-day Moving Average is $52.98. Now, the first resistance to watch is $53.77. This is followed by the second major resistance level at $54.17. The third major resistance level sits at $54.41. If the price goes on to break the first support level at $53.13, it is likely to go to the next support level at $52.89. Assuming the price breaks the second support level, the third support level stands at $52.49.
Monster Beverage Corp. (NASDAQ: MNST) Key Stats
Market capitalization of the company is 52.28 billion based on 1,041,728K outstanding shares. Right now, sales total 7,140 M and income totals 1,631 M. The company made 1,901 M in profit during its latest quarter, and 425,370 K in sales during its previous quarter.
