Monster Beverage Corporation (NASDAQ: MNST) stock added $0.42 to its trading prices on the June 27 trading session. MNST Stock opened trading at $57.89, dipped to $57.64, hit a high of $58.37, and closed trading at $58.13, with an intraday trading volume of 3.156 million.
In the past week, MNST Stock slipped around 0.80%, but it is important to note that prices reflected an upper movement of 1.40% in a month and jumped more than 12% in the past three months.
Apart from the last five days’ trading session, MNST stock has reflected an impressive upward movement. The technical aspects of the stock suggest selling the stock, but after analyzing all fundamental and technical aspects, it is easy to claim that buying MNST Stock at the moment might prove to be profitable in the long run.
Furthermore, dozens of analysts believe that the ongoing movements in MNST Stock could impress its investors in the long-term if they start holding more and more of the stock in the market.
As per estimations, by the end of 2023, MNST Stock might hit its annual price target of $62.36. In 52 weeks, the stock’s price traded at a highest point of $42.81, while the lowest trading price faced by the stock was $42.81.
Monster Beverage Corporation’s overall market capitalization is $60.845 billion, and the average trading volume of MNST Stock is $4.129 million.
Monster Beverage Corporation (NASDAQ: MNST) Earnings & Revenue
In Q1 2023, Monster Beverage Corporation reported exact revenue as the estimated figures constituting $1.70 revenue, 397.44 million net income and a 23.39% profit margin. Earnings Per Share (EPS) of the company reflected an upward movement of 14.40%.
Monster Beverage Corporation might report $1.87 billion in revenue for the second quarter and $1.85 billion for the third quarter, according to estimations.
Data from TradingView shows that around 751.699 million MNST Shares are free-floating, while the remaining 295.011 Million Shares are closely held by the company’s financial backers or the board of members.
The revenue-to-profit conversion of Monster Beverage Corporation constitutes 50% gross profit, 26% Ebitda, 25% EBIT and 19% net income. As per the available data, the company majorly generates its revenue by selling Monster Energy Drinks, Strategic Brands, Alcohol Brands, and its other self-made products.
Monster Beverage Corporation significantly operates in the United States but also exports its patented Monster Energy Drinks worldwide.
More than 900 institutions hold shares of Monster Beverages Corporation, including State Street Corp, Blackrock Inc, Vanguard Group Inc, JPMorgan Chase & Co, Capital World Investor, Loomis Sayles & Co LP, Nuveen Asset Management, LLC, Morgan Stanley, and many others.
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Andrew is a blockchain developer who developed his interest in cryptocurrencies while his post-graduation. He is a keen observer of details and shares his passion for writing along with being a developer. His backend knowledge about blockchain helps him give a unique perspective to his writing
Source: https://www.thecoinrepublic.com/2023/06/28/mnst-stock-fighting-bearishness-rose-1-40-monthly/