Monster Beverage Corporation, (MNST) shares ended August 05, 2019 trading at $58.96 which saw downtrend of 19.79% since the beginning of 2019. The price of the stock has risen by 16.33% from average 12-month price target of $68.59 expected by the analysts. For most investors, the -5.5% rally in the share price could have prompted them to sell the stock, but doing that would be a mistake as it would be taking into consideration only the short-term performance of the stock. Most analysts believed that the stock has the potential to rise by 30.6% or more. For Monster Beverage Corporation to record further gain analysts believe that the company has to hit $77 price target. The high price target for MNST for next 12 months currently stands at $77. This means that the highest 12 months price target is 30.6% above its last closing price. The median price target for the stock over the next 12 months is $70, which means that it could rise by 18.72% from its current position. Despite that, some analysts believe that it won’t perform excellent, setting a lower price target of $53 for the stock which means it could rise by -10.11%.
A look at the MNST stock today shows that it has lost -0.66% of its value over the past one year, which has led to some investors becoming concerned about the short-term performance of Monster Beverage Corporation (NASDAQ:MNST). If we turn to the stock analysts in general, they revealed that most of them are still bullish about the chances of the shares. The consensus rating from analysts for Monster Beverage Corporation (MNST) is 2.3 which is a ,neutral rating. Over the past week, the stock has been rated as a Buy 10 times while it has been rated as a Hold 8 times. The 52-week high price for MNST is $66.38 which is attained on February 28 while its 52-week low currently stands at $47.74 and was reached on December 26. At the moment, the stock is trading $-0.69 below its YTD moving average set at $59.65.
Moving on, Monster Beverage Corporation (MNST) last released its earnings for the March 2019 quarter of the fiscal year. The company performed decently over the past three months, with its earnings up 28% year-over-year at $0.5. The company brought a surprise of 19 as analysts were predicting $0.42 per share. The revenue generated by Monster Beverage Corporation in the March 2019 quarter surged by 11% to reach $945.99 million. This is high compared to the $850.92 million it recorded in the same quarter last year. To see what traders should watch in its June 2019 financial results, analysts have consensus earnings per share of $0.56 which is higher than the $0.48 recorded in the same quarter a year ago. Over the next 12 months, the earnings per share are expected to move by 11.29%. If it achieves that, then the company firmly believes that its long-term annual earnings growth rate target set at 13.12 % could be achieved. The company has also recorded a revenue of $3.9 billion over the past 12 months.
In order to determine if the stock is worthy of your patience, you should know that Monster Beverage Corporation (NASDAQ:MNST) is now trading at 31.61X the earnings per share recorded over the past 12 months. This is a downtrend compared to the readings of the sector which is 38.68X while the industry average stands at 48.18X. The most popular way to value a stock is to look at its historic Price-to-Earnings (P/E) ratio with the help of its earnings report over the past 12 months. Monster Beverage Corporation was able to achieve an EPS of $1.87 during the last four quarters. The P/E ratio is widely known due to the fact that it is widely used, simple, effective, and, tautologically.
On Monday, August 05 of 2019, the 14-day Absolute ATR (Average True Range) for MNST moved by $1.42. Over the past seven days, the stock’s average daily volatility stood at 3.33%. A stock with a low volatility is usually a good one as it means that investors are very confident in the stock. Monster Beverage Corporation’s trading volume has recently moved to 5.33 million, which is compared with the average daily volume of 2.71 million shares.
The daily chart for MNST, points out that the company has recorded 1.34% gains over the past six months. However, it is still 23.5% higher than its most recent low trading price. The performance of the stock over the past five days shows that it is down -9.83% though it is -8.84% below its three-week moving average. It is worthy to know that price action is not always clear. There are times when a stock will undergo some negatives, trade erratically within some range or even act very unpredictable. When that happens, then making use of moving averages makes the pattern clearer for traders. Comparing to 50-day SMA, the price of the stock has dropped by -7.79% while it is up 1.3% against the 200-day SMA. This is usually seen as the last support line for a stock, as a move downward could signal a bearish trend or market. The daily chart of MNST reveals that it has lost some grounds as it ended Monday with a -10.56% fall over the past 30 days.