Monster Beverage Corp. (NASDAQ: MNST) Stock Seems Like A Good Option

Monster Beverage Corp. (NASDAQ:MNST) shares, rose in value on Friday, April 05, with the stock price up by 0.23% to the previous day’s close as strong demand from buyers drove the stock to $55.88.

Actively observing the price movement in the recent trading, the stock is buoying the session at $55.75. The value of beta (5-year monthly) is 0.72 whereas the PE ratio is 36.25 over 12-month period. Referring to stock’s 52-week performance, its high was $61.22, and the low was $47.13. On the whole, MNST has fluctuated by -4.17% over the past month.

With the market capitalization of Monster Beverage Corp. currently standing at about $58.15 billion, investors are eagerly awaiting this quarter’s results, scheduled for May 02, 2024 – May 06, 2024. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be $0.44, which is expected to increase to $0.49 for fiscal year $1.82 and then to about $2.07 by fiscal year 2025. Data indicates that the EPS growth is expected to be 16.70% in 2025, while the next year’s EPS growth is forecast to be 13.70%.

Analysts have estimated the company’s revenue for the quarter at $1.92 billion, with a low estimate of $1.8 billion and a high estimate of $1.98 billion. According to the average forecast, sales growth in current quarter could jump up 12.70%, compared to the corresponding quarter of last year. Wall Street analysts also predicted that in 2025, the company’s y-o-y revenues would reach $7.97 billion, representing an increase of 11.60% from the revenues reported in the last year’s results.

Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that MNST’s technical picture suggests that short-term indicators denote the stock is a 50% Buy on average. However, medium term indicators have put the stock in the category of 50% Buy while long term indicators on average have been pointing out that it is a Hold.

The stock’s technical analysis shows that the PEG ratio is about 2.54, with the price of MNST currently trading nearly -5.55% and -2.53% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 32.94, while the 7-day volatility ratio is showing 2.23% which for the 30-day chart, stands at 1.72%. Furthermore, Monster Beverage Corp. (MNST)’s beta value is 0.72, and its average true range (ATR) is 1.00.

A comparison of Monster Beverage Corp. (MNST) with its peers suggests the former has fared considerably weaker in the market. MNST showed an intraday change of 0.23% in today’s session so far, and over the past year, it grew by 5.12%%.

Data on historical trading for Monster Beverage Corp. (NASDAQ:MNST) indicates that the trading volumes over the past 10 days have averaged 4.27 million and over the past 3 months, they’ve averaged 5.20 million. According to company’s latest data on outstanding shares, there are 1.04 billion shares outstanding.

Nearly 27.70% of Monster Beverage Corp.’s shares belong to company insiders and institutional investors own 65.66% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 12.47 million shares as on Mar 15, 2024, resulting in a short ratio of 2.19. According to the data, the short interest in Monster Beverage Corp. (MNST) stood at 1.19% of shares outstanding as of Mar 15, 2024; the number of short shares registered in Feb 15, 2024 reached 13.32 million. The stock has fallen by -3.00% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the MNST stock heading into the next quarter.

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