While Monster Beverage Corp. has underperformed by -0.49%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, MNST rose by 14.54%, with highs and lows ranging from $60.47 to $47.13, whereas the simple moving average jumped by 4.56% in the last 200 days.
On February 29, 2024, UBS Reiterated Monster Beverage Corp. (NASDAQ: MNST) to Neutral. A report published by RBC Capital Mkts on February 29, 2024, Reiterated its previous ‘Outperform’ rating for MNST. Morgan Stanley also reiterated MNST shares as ‘Overweight’, quoting a target price of $68 on the company’s shares in a report dated February 29, 2024. Jefferies Reiterated the rating as Buy on February 29, 2024, but set its price target from $66 to $69. Deutsche Bank resumed its ‘Buy’ rating for MNST, as published in its report on February 29, 2024. Deutsche Bank’s report from February 26, 2024 suggests a price prediction of $63 for MNST shares, giving the stock a ‘Buy’ rating. JP Morgan also rated the stock as ‘Overweight’.
Analysis of Monster Beverage Corp. (MNST)
Further, the quarter-over-quarter increase in sales is 14.35%, showing a positive trend in the upcoming months.
There are several well-rounded types of analysis and research techniques that can be used to gain a clear view of Monster Beverage Corp.’s future performance, with equity being one of the most critical indicators. The goal here is to ensure that your current return on equity of 21.38% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 3.97, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
As an indicator of volatility for any stock, average volume can also be very valuable, and MNST is recording an average volume of 5.39M. On a monthly basis, the volatility of the stock is set at 1.63%, whereas on a weekly basis, it is put at 1.89%, with a gain of 4.99% over the past seven days. Furthermore, long-term investors anticipate a median target price of $64.10, showing growth from the present price of $58.50, which can serve as yet another indication of whether MNST is worth investing in or should be passed over.
How Do You Analyze Monster Beverage Corp. Shares?
Monster Beverage Corp. (MNST) is based in the USA and is one of the most prominent companies operating in the Beverages – Non-Alcoholic market. When comparing Monster Beverage Corp. shares with other companies under Consumer Defensive, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 37.95, there is a growth in quarterly earnings of 22.31%.
Apart from looking at the fundamentals, you should also pay attention to the number of company employees who own shares. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 27.90%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 65.70% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
MNST shares are owned by institutional investors to the tune of 65.70% at present.
