In yesterday’s Wall Street session, Monster Beverage Corp (NASDAQ:MNST) shares traded at $52.00, down -7.08% from the previous session.
MNST stock price is now -0.76% away from the 50-day moving average and -1.52% away from the 200-day moving average. The market capitalization of the company currently stands at $46.99B.
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With the price target enhanced from $55 to $65, Argus maintained Buy rating for Monster Beverage Corp (NASDAQ: MNST). On November 11, 2024, TD Cowen reiterated its ‘Hold’ rating on the stock by increasing its target price from $50 to quote $55, while ‘UBS’ rates the stock as ‘Neutral’
In other news, VIDERGAUZ MARK, Director sold 10,000 shares of the company’s stock on Nov 12 ’24. The stock was sold for $562,100 at an average price of $56.21. Upon completion of the transaction, the Director now directly owns 58,167 shares in the company, valued at $3.02 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 12 ’24, Director VIDERGAUZ MARK bought 10,000 shares of the business’s stock. A total of $560,649 was incurred on buying the stock at an average price of $56.06. A total of 28.75% of the company’s stock is owned by insiders.
During the past 12 months, Monster Beverage Corp has had a low of $43.32 and a high of $61.22. As of last week, the company has a debt-to-equity ratio of 0.14, a current ratio of 3.13, and a quick ratio of 2.51. According to the stock market information, the enterprise value for the company is $49753956352, which is based on a 33.41 price-to-earnings ratio, a 3.23 price-to-earnings-growth ratio, and a beta of 0.74. The fifty day moving average price for MNST is $52.399 and a two-hundred day moving average price translates $52.8039 for the stock.
The latest earnings results from Monster Beverage Corp (NASDAQ: MNST) was released for 2024-09-30. The net profit margin was 21.66% and return on equity was 23.52% for MNST. The company reported revenue of $1.88 billion for the quarter, compared to $1.86 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 1.34 percent.
