Do Investors Have Much Faith In Monster Beverage Corp. (NASDAQ: MNST)

Monster Beverage Corp. (NASDAQ:MNST) does about 10.01M shares in volume on a normal day but saw 6859831 shares change hands in Monday trading. The company now has a market cap of 52.27B USD. Its current market price is $50.18, marking an increase of 0.86% compared to the previous close of $49.75. The 52 week high reached by this stock is $61.22 whilst the lowest price level in 52 weeks is $47.13.

Monster Beverage Corp. (MNST) has a 20-day trading average at $49.78 and the current price is -18.04% off the 52-week high compared with 6.47% distance from its 52-week low. The 50-day simple moving average of the closing price is $51.96 and its 200-day simple moving average is $54.47. If we look at the stock’s price movements over the week, volatility stands at 1.53%, which increases to 2.06% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 47.33 to suggest the stock is neutral.

The consensus objective for the share price is $60.41, suggesting that the stock has a potential upside of 16.93% over the period.

The company shares received a number of brokerage firm price updates over the past month, with the latest being on June 25, 2024 when Wells Fargo reiterated the stock to “Overweight” and issued a price target of between $65 and $59. Stifel reiterated its price target at $63-$57.

Monster Beverage Corp. (MNST) stock is up 0.46% over the week and -3.50% over the past month. Its price is -12.90% year-to-date and -11.36% over the past year.

To reach the target analysts have set, the stock logically needs to grow 16.93 percent from here.

The company has a return on investment of 19.43% and return on equity of 20.98%. The price to earnings ratio (P/E ratio) amounts to 31.63 while the forward price to earnings ratio is 24.71. The beta has a value of 0.76. Price to book ratio is 6.09 and price to sales ratio is 7.12.