NEW YORK ( TheStreet) -- Shares of Monster Beverage (Nasdaq: MNST) have taken a tremendous swing upward. The stock is trading at $80.86 as of 12 p.m. ET, 23.4% above Friday's closing price of $65.53. Volume is at 1.8 million, 1.5 times the daily average of 1.2 million. Monster Beverage has a market cap of $11.52 billion and is part of the consumer goods sector and food & beverage industry. Monster Beverage Corporation, through its subsidiaries, develops, markets, sells, and distributes alternative beverage category beverages in the United States and internationally. TheStreet Ratings rates Monster Beverage as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity, impressive record of earnings per share growth and compelling growth in net income. We feel these strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value. You can view the full Monster Beverage Ratings Report. See our top % gaining stocks list for other stocks that are soaring today, or get investment ideas from our investment research center.