Monster Beverage Corporation (NASDAQ:MNST) shares traded lower over the last trading session, losing -0.11% on 06/14/21. The shares fell to a low of $93.00 before closing at $93.40. Intraday shares traded counted 1.49 million, which was 24.61% higher than its 30-day average trading volume of 1.97M. MNST’s previous close was $93.50 while the outstanding shares total 528.20M. The firm has a beta of 1.11, a 12-month trailing P/E ratio of 34.46, and a growth ratio of 2.32. The stock’s Relative Strength Index (RSI) is 48.74, with weekly volatility at 1.31% and ATR at 1.61. The MNST stock’s 52-week price range has touched low of $66.62 and a $99.24 high.
Investors have identified the Beverages – Non-Alcoholic company Monster Beverage Corporation as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $49.51 billion, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.
Monster Beverage Corporation (MNST) Fundamentals that are to be considered.
When analyzing a stock, the first fundamental thing to take into account is the balance sheet. How healthy the balance sheet of a company is will determine if the company will be able to carry out all its financial and non-financial obligations and also keep the faith of its investors. In terms of their assets, the company currently has 3.43 billion total, with 788.86 million as their total liabilities.
MNST were able to record 167.07 million as free cash flow during the 08/10/2021 quarter of the year, this saw their quarterly net cash flow reduce by -1.53 million. In cash movements, the company had a total of 175.47 million as operating cash flow.
Potential earnings growth for Monster Beverage Corporation (MNST)
In order to determine the future investment potential for this stock, we will have to analyze key trends that affect it. During the 08/10/2021 quarter of the year, Monster Beverage Corporation recorded a total of 1.24 billion in revenue. This figure implies that they witnessed a quarterly year/year change in their earnings with 14.61% coming in sequential stages and their sales for the 08/10/2021 quarter increasing by 3.82%.
What matters though is how it ends. When the core data for the company is broken down, then the stock sounds interesting. The company spent 528.88 million trying to sell their products during the last quarter, with the result yielding a gross income of 714.93 million. This allows shareholders to hold on to 528.20M with the recently reported earning now reading 0.60 cents per share. This is a figure that compared to analyst’s prediction for their 08/10/2021 (0.59 cents a share).
Having a look at the company’s valuation, the company is expected to record 2.99 total earnings per share during the next fiscal year. It is very important though to remember that the importance of trend far outweighs that of outlook. This analysis has been great and getting further updates on MNST sounds very interesting.
Is the stock of MNST attractive?
In related news, President of EMEA, Carling Guy sold 18,000 shares of the company’s stock in a transaction that recorded on Jun 04. The sale was performed at an average price of 95.21, for a total value of 1,713,780. As the sale deal closes, the President of the Americas, Tirre Emelie now sold 42,786 shares of the company’s stock, valued at 4,068,093. Also, President of EMEA, Carling Guy sold 31,385 shares of the company’s stock in a deal that was recorded on Mar 02. The shares were price at an average price of 87.88 per share, with a total market value of 2,758,043. Following this completion of acquisition, the EVP Finance Monster Energy Co., KELLY THOMAS J now holds 10,249 shares of the company’s stock, valued at 856,099. In the last 6 months, insiders have changed their ownership in shares of company stock by 0.10%.
12 out of 21 analysts covering the stock have rated it a Buy, while 8 have maintained a Hold recommendation on Monster Beverage Corporation. 0 analysts has assigned a Sell rating on the MNST stock. The 12-month mean consensus price target for the company’s shares has been set at $104.22.