Monster Beverage Corp. (NASDAQ: MNST) : Investors Should Not Dump MNST Stock In 2024

In the last trading session, 6.19 million Monster Beverage Corp. (NASDAQ:MNST) shares changed hands as the company’s beta touched 0.73. With the company’s per share price at $54.69 changed hands at $0.58 or 1.07% during last session, the market valuation stood at $56.91B. MNST’s last price was a discount, traded about -11.94% off its 52-week high of $61.22. The share price had its 52-week low at $47.13, which suggests the last value was 13.82% up since then. When we look at Monster Beverage Corp.’s average trading volume, we note the 3-month average coming to 5.29 million.

Monster Beverage Corp. (NASDAQ:MNST) trade information

Instantly MNST was in green as seen at the end of in last trading. With action -1.90%, the performance over the past five days has been red. The jump to weekly highs of 55.48 added 1.07% to the stock’s daily price. The company’s shares are showing year-to-date downside of -5.07%, with the 5-day performance at -1.90% in the red. However, in the 30-day time frame, Monster Beverage Corp. (NASDAQ:MNST) is -9.53% down.

Monster Beverage Corp. (MNST) estimates and forecasts

Data shows that the Monster Beverage Corp. share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 14.61% over the past 6 months, a 16.77% in annual growth rate that is considerably lower than the industry average of 21.10%.

Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 11.87%. The 2024 estimates are for Monster Beverage Corp. earnings to increase by 17.90%, but the outlook for the next 5-year period is at 14.30% per year.

MNST Dividends

Monster Beverage Corp. is expected to release its next quarterly earnings report between May 02 and May 06.