Stocks of Monster Beverage Corp (NASDAQ:MNST) traded higher last session on Wall Street, down -1.24% to $50.90.
MNST stock price is now -4.81% away from the 50-day moving average and -2.98% away from the 200-day moving average. The market capitalization of the company currently stands at $49.50B.
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With the price target reduced from $46 to $45, Exane BNP Paribas maintained Underperform rating for Monster Beverage Corp (NASDAQ: MNST). , while ‘Argus’ rates the stock as ‘Buy’
In other news, KELLY THOMAS J, Chief Financial Officer sold 10,000 shares of the company’s stock on Dec 13 ’24. The stock was sold for $526,500 at an average price of $52.65. Upon completion of the transaction, the Chief Financial Officer now directly owns 74,924 shares in the company, valued at $3.81 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 13 ’24, Officer KELLY THOMAS J bought 10,000 shares of the business’s stock. A total of $526,541 was incurred on buying the stock at an average price of $52.65. A total of 28.96% 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 $48684183552, which is based on a 32.70 price-to-earnings ratio, a 3.20 price-to-earnings-growth ratio, and a beta of 0.74. The fifty day moving average price for MNST is $53.4736 and a two-hundred day moving average price translates $52.46375 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.
