Million

Resistance

Billion

Monster

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>Monster Beverage Corporation stock price trades below the major trendline which it has been following for quite a long time.</a> </li> 
 <li> <span>2</span> <a>Monster Beverage Corporation (NASDAQ: MNST) stock’s 52-week price range is around $42 – $60.</a> </li> 
</ul> 
<p>The MNST stock has a float of 752.75 Million shares and a market cap of $56.87 Billion. The Monster stock’s average volume for the last 10 days is 4.653 Million and its current volume is 5.285 Million.</p> 
<p>The Monster stock’s earnings per share (EPS) for the trailing twelve months is 1.37 and its price-to-earnings ratio for the TTM is 40.39. The Monster stock has a CMP of $54.29 and an intraday loss of 0.66%.</p> 
<p>The latest quarterly report for the period ending June 2023 showed a revenue of $1.85 Billion, a net income of $413.87 Million, and a profit margin of 22.31%. It seems that the net income and profit margin are doing good in MNST highlighting the stock’s fundamentals and financials are displaying some improvement in comparison to the previous quarters. The next quarter’s revenue is estimated to be 1.858 Billion.</p> 
<p>The latest quarterly balance sheet of Monster Beverage Corp. for the quarter ending June 2023 reported $9.26 Billion in total assets and $1.42 Billion in total liabilities. A closer look at the annual trends reveals that the liabilities have remained almost unchanged, while the assets have grown significantly every year. This indicates a positive financial and fundamental outlook for the stock as the debt-to-assets ratio has declined from 22% to 16% over the last five years.</p> 
<p>At the time of publishing, the major EMA’s are bearish in Monster Beverage Corporation (NASDAQ: MNST), MACD shows a bearish cross on the charts with a broadening width in the histogram and RSI is at 33.</p> 
<h2 class="wp-block-heading" id="strong-mnst-stock-price-technical-analysis-in-1-d-timeframe-strong"><strong>MNST Stock Price Technical Analysis in 1-D Timeframe</strong></h2> 
<div class="wp-block-image"> 
 <figure class="aligncenter size-large">
  <img decoding="async" loading="lazy" width="1024" height="594" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-892-1024x594.png" alt="MNST Stock Forecast: Is It (NASDAQ: MNST) On Fumes Or Surge More?" class="wp-image-171650" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-892-1024x594.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-892-300x174.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-892-768x445.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-892-750x435.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-892-1140x661.png 1140w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-892.png 1461w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption">
   Source: MNST.1D.NASDAQ by TradingView
  </figcaption>
 </figure>
</div> 
<p>Monster Beverage Corporation (NASDAQ: MNST) is experiencing a sharp decline as the price broke the trendline support and started making lower lows and highs after facing a red earnings report, even though the stock went past the previous swing low which was at $56. The current market price of MNST stock is $54.29.</p> 
<p>The stock may continue to fall further and break below $52, which could lead to a target of $50. Alternatively, if the MNST stock manages to reverse the trend and gain strong buying momentum, it might rise above $56, which may trigger a rally to $60 or higher.</p> 
<p><a href="https://www.thecoinrepublic.com/2023/09/26/how-can-bitcoin-acquisition-impact-microstrategy-stock-price/" target="_blank" rel="noreferrer noopener">MNST company</a> does not offer or pay any dividend amount to its investors and it has never done so in the past as well. It seems unlikely that MNST will pay any dividends in the future either. This means that the shareholders do not get any regular income from the stock and this reduces the attractiveness of the stock for many investors.&nbsp;</p> 
<h4 class="wp-block-heading"><strong>Summary</strong></h4> 
<p>Monster stock is in a downtrend since May 2023, after the Q1 and Q2 earnings reports. The stock has no dividends and may fall to $50 or rise to $60 depending on the trend reversal. The technical indicators are bearish.</p> 
<h4 class="wp-block-heading"><strong>Technical Levels</strong></h4> 
<p><strong>Support levels</strong>: $52 and $50</p> 
<p><strong>Resistance levels</strong>: $56 and $60</p> 
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5> 
<p>In this article, the views and opinions stated by the author, or any people named are for informational purposes only, and they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.</p>

MNST Stock Forecast: Is It (NASDAQ: MNST) On Fumes Or Surge More?

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