Shares of Monster Beverage have moved -1.7% today, and are now trading at a price of $55.4. In contrast, the S&P 500 index saw a 0.0% change. Today's trading volume is 3,124,905 compared to the stock's average volume of 4,209,829.
Monster Beverage Corporation, through its subsidiaries, engages in development, marketing, sale, and distribution of energy drink beverages and concentrates in the United States and internationally. Based in Corona, United States the company has 4,607 full time employees and a market cap of $57,982,500,864.
The company is now trading -10.09% away from its average analyst target price of $61.61 per share. The 21 analysts following the stock have set target prices ranging from $51.5 to $67.0, and on average give Monster Beverage a rating of buy.
The stock's 52 week high is $60.47 per share whereas its 52 week low is $42.8. With its operating margins declining an average -6.9% over the last 4 years, Monster Beverage may not have a strong enough business to keep this trend.
| Date Reported | Revenue ($ k) | Cost of Revenue ($ k) | Gross Margins (%) | YoY Growth (%) |
|---|---|---|---|---|
| 2022-12-31 | 6,311,050 | 3,136,483 | 50.3 | -10.34 |
| 2021-12-31 | 5,541,352 | 2,432,839 | 56.1 | -5.28 |
| 2020-12-31 | 4,598,638 | 1,874,758 | 59.23 | -1.2 |
| 2019-12-31 | 4,200,819 | 1,682,234 | 59.95 | n/a |
