In today’s recent session, 17.44 million shares of the Monster Beverage Corp. (NASDAQ:MNST) have been traded, and its beta is 0.77. Most recently the company’s share price was $52.38, and it changed around $0.19 or 0.36% from the last close, which brings the market valuation of the company to $54.57B. MNST at last check was trading at a discount to its 52-week high of $61.22, offering almost -16.88% off that amount. The share price’s 52-week low was $47.13, which indicates that the recent value has risen by an impressive 10.02% since then. We note from Monster Beverage Corp.’s average daily trading volume that its 3-month average coming to 6.91 million.
Monster Beverage Corp. stock received a consensus recommendation rating of Buy, based on a mean score of 2.00. If we narrow it down even further, the data shows that 0 out of 18 analysts rate the stock as a Sell; another 4 rate it as Overweight. Among the rest, 4 recommended MNST as a Hold, whereas 10 deemed it a Buy, and 0 rated it as Underweight. Monster Beverage Corp. is expected to report earnings per share of 0.46 for the current quarter.
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Monster Beverage Corp. (NASDAQ:MNST) trade information
Instantly MNST has been showing a green trend so far today with a performance of 0.36% on intraday trading today. The performance over the last five days has remained in the green territory. The company’s shares are currently down -9.08% year-to-date, but still up 0.48% over the last five days. On the other hand, Monster Beverage Corp. (NASDAQ:MNST) is -3.39% down in the 30-day period.
The consensus price target as assigned by Wall Street analysts is $31.32, which translates to bulls needing to decrease their stock price by -67.24% from its current value. Analyst projections state that MNST is forecast to be at a low of $23 and a high of $59.
Monster Beverage Corp. (MNST) estimates and forecasts
Monster Beverage Corp. share prices are performing particularly well not compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -5.06 percent over the past six months and at a 14.19% annual growth rate that is well below the industry average of 21.80%. The year-over-year growth rate is expected to be 10.20%, up from the previous year.
Consensus estimates provided by 16 financial analysts predict the company will bring in an average of 2.04B in revenue for the current quarter. 16 analysts expect Monster Beverage Corp. to make 2.03B in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 1.85B and 1.86B respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 9.90%. Forecasts for the next quarter put sales growth at 9.50%.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 11.87%. Monster Beverage Corp. earnings are expected to increase by 15.85% in 2024, but the outlook is positive 13.49% per year for the next five years.
MNST Dividends
Monster Beverage Corp.’s next quarterly earnings report is expected to be released in July.
