The stock of Costco Wholesale Corp (COST) has gone down by -1.02% for the week, with a -2.24% drop in the past month and a 4.53% rise in the past quarter. The volatility ratio for the week is 1.73%, and the volatility levels for the past 30 days are 1.48% for COST. The simple moving average for the last 20 days is -1.25% for COST stock, with a simple moving average of 16.07% for the last 200 days.
Is It Worth Investing in Costco Wholesale Corp (NASDAQ: COST) Right Now?
Costco Wholesale Corp (NASDAQ: COST) has a price-to-earnings ratio that is above its average at 46.79x. The stock has a 36-month beta value of 0.77. Opinions on the stock are mixed, with 11 analysts rating it as a “buy,” 7 as “overweight,” 11 as “hold,” and 0 as “sell.”
The public float for COST is 441.41M, and at present, short sellers hold a 1.44% of that float. On April 18, 2024, the average trading volume of COST was 2.11M shares.
COST) stock’s latest price update
Costco Wholesale Corp (NASDAQ: COST) has seen a decline in its stock price by -0.11 in relation to its previous close of 715.97. However, the company has experienced a -1.02% decline in its stock price over the last five trading sessions. Proactive Investors reported 2024-04-17 that Costco Wholesale Corporation (NASDAQ:COST, ETR:CTO), known for its bulk buys and discounts, is making it simple for its more than 150 million members to invest in physical gold as the yellow metal’s price hovers near an all-time high. The warehouse retailer announced last year it had begun selling one-ounce gold bars, limited to two per customer and priced according to the spot gold price, and has since added other precious metals such as silver coins to its offering.
Analysts’ Opinion of COST
Many brokerage firms have already submitted their reports for COST stocks, with Gordon Haskett repeating the rating for COST by listing it as a “Accumulate.” The predicted price for COST in the upcoming period, according to Gordon Haskett is $775 based on the research report published on April 03, 2024 of the current year 2024.
Telsey Advisory Group, on the other hand, stated in their research note that they expect to see COST reach a price target of $800, previously predicting the price at $785. The rating they have provided for COST stocks is “Outperform” according to the report published on March 08th, 2024.
Telsey Advisory Group gave a rating of “Outperform” to COST, setting the target price at $785 in the report published on March 04th of the current year.
COST Trading at -2.06% from the 50-Day Moving Average
After a stumble in the market that brought COST to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -9.13% of loss for the given period.
Volatility was left at 1.48%, however, over the last 30 days, the volatility rate increased by 1.73%, as shares sank -2.32% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +0.57% upper at present.
During the last 5 trading sessions, COST fell by -1.02%, which changed the moving average for the period of 200-days by +32.84% in comparison to the 20-day moving average, which settled at $723.38. In addition, Costco Wholesale Corp saw 8.35% 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 COST starting from Callans Patrick J, who sale 2,500 shares at the price of $714.86 back on Mar 11 ’24. After this action, Callans Patrick J now owns 62,895 shares of Costco Wholesale Corp, valued at $1,787,150 using the latest closing price.
Adamo Claudine, the Executive Vice President of Costco Wholesale Corp, sale 1,500 shares at $714.83 during a trade that took place back on Mar 11 ’24, which means that Adamo Claudine is holding 6,695 shares at $1,072,238 based on the most recent closing price.
Stock Fundamentals for COST
Current profitability levels for the company are sitting at:
- 0.03 for the present operating margin
- 0.12 for the gross margin
The net margin for Costco Wholesale Corp stands at 0.03. The total capital return value is set at 0.27. Equity return is now at value 31.20, with 10.20 for asset returns.
Based on Costco Wholesale Corp (COST), the company’s capital structure generated 0.25 points at debt to capital in total, while cash flow to debt ratio is standing at 1.53. The debt to equity ratio resting at 0.33. The interest coverage ratio of the stock is 654.31.
Currently, EBITDA for the company is 10.72 billion with net debt to EBITDA at 0.03. When we switch over and look at the enterprise to sales, we see a ratio of 1.28. The receivables turnover for the company is 89.54for trailing twelve months and the total asset turnover is 3.75. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.93.
Conclusion
To sum up, Costco Wholesale Corp (COST) has seen a mixed performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. 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.
