The stock of Starbucks Corporation (SBUX) has gone up by 0.13% for the week, with a -6.99% drop in the past month and a -1.65% drop in the past quarter. The volatility ratio for the week is 1.98%, and the volatility levels for the past 30 days are 1.76% for SBUX. The simple moving average for the last 20 days is -2.51% for SBUX stock, with a simple moving average of 9.24% for the last 200 days.
Is It Worth Investing in Starbucks Corporation (NASDAQ: SBUX) Right Now?
The price-to-earnings ratio for Starbucks Corporation (NASDAQ: SBUX) is above average at 34.85x, while the 36-month beta value is 0.95.Analysts have differing opinions on the stock, with 12 analysts rating it as a “buy,” 2 as “overweight,” 19 as “hold,” and 0 as “sell.”
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The average price point forecasted by analysts for Starbucks Corporation (SBUX) is $112.81, which is $11.5 above the current market price. The public float for SBUX is 1.15B, and currently, short sellers hold a 1.03% ratio of that floaft. The average trading volume of SBUX on March 17, 2023 was 6.10M shares.
SBUX) stock’s latest price update
Starbucks Corporation (NASDAQ: SBUX)’s stock price has increased by 1.10 compared to its previous closing price of 99.34. However, the company has seen a gain of 0.13% in its stock price over the last five trading days. The Wall Street Journal reported on 03/07/23 that Starbucks Chief to Testify Before Senate Panel, Sen. Sanders Says
Analysts’ Opinion of SBUX
The stock of Starbucks Corporation (SBUX) has gone up by 0.13% for the week, with a -6.99% drop in the past month and a -1.65% drop in the past quarter. The volatility ratio for the week is 1.98%, and the volatility levels for the past 30 days are 1.76% for SBUX. The simple moving average for the last 20 days is -2.51% for SBUX stock, with a simple moving average of 9.24% for the last 200 days.
Analysts’ Opinion of SBUX
Many brokerage firms have already submitted their reports for SBUX stocks, with Wells Fargo repeating the rating for SBUX by listing it as a “Overweight.” The predicted price for SBUX in the upcoming period, according to Wells Fargo is $120 based on the research report published on January 24th of the current year 2023.
Jefferies, on the other hand, stated in their research note that they expect to see SBUX reach a price target of $100. The rating they have provided for SBUX stocks is “Hold” according to the report published on December 21st, 2022.
Deutsche Bank gave a rating of “Hold” to SBUX, setting the target price at $106 in the report published on December 05th of the previous year.
SBUX Trading at -4.43% from the 50-Day Moving Average
After a stumble in the market that brought SBUX to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -9.38% of loss for the given period.
Volatility was left at 1.76%, however, over the last 30 days, the volatility rate increased by 1.98%, as shares sank -7.86% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -0.40% lower at present.
During the last 5 trading sessions, SBUX rose by +0.13%, which changed the moving average for the period of 200-days by +30.92% in comparison to the 20-day moving average, which settled at $102.58. In addition, Starbucks Corporation saw 1.24% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at SBUX starting from Ruggeri Rachel, who sale 736 shares at the price of $105.50 back on Feb 21. After this action, Ruggeri Rachel now owns 56,028 shares of Starbucks Corporation, valued at $77,648 using the latest closing price.
Jenkins Zabrina, the acting evp, general counsel of Starbucks Corporation, sale 2,962 shares at $108.48 during a trade that took place back on Feb 13, which means that Jenkins Zabrina is holding 38,258 shares at $321,317 based on the most recent closing price.
Stock Fundamentals for SBUX
Current profitability levels for the company are sitting at:
- +13.27 for the present operating margin
- +19.58 for the gross margin
The net margin for Starbucks Corporation stands at +10.18. Equity return is now at value -38.20, with 11.70 for asset returns.
The liquidity ratio also appears to be rather interesting for investors as it stands at 0.77.
Conclusion
In a nutshell, Starbucks Corporation (SBUX) has experienced a mixed performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
