The stock price of Starbucks Corp. (NASDAQ: SBUX) has jumped by 0.53 compared to previous close of 87.15. Despite this, the company has seen a gain of 3.17% in its stock price over the last five trading days. The Motley Fool reported 2024-04-21 that Altria will return 9.5% of your money to you as dividends. Uber Technologies has established its U.S. dominance.
Is It Worth Investing in Starbucks Corp. (NASDAQ: SBUX) Right Now?
Starbucks Corp. (NASDAQ: SBUX) has a price-to-earnings ratio that is above its average at 23.43x. The stock has a 36-month beta value of 0.97. Opinions on the stock are mixed, with 14 analysts rating it as a “buy,” 10 as “overweight,” 9 as “hold,” and 0 as “sell.”
The public float for SBUX is 1.10B, and at present, short sellers hold a 1.43% of that float. On April 22, 2024, the average trading volume of SBUX was 8.68M shares.
SBUX’s Market Performance
SBUX stock saw a decrease of 3.17% in the past week, with a monthly decline of -5.39% and a quarterly a decrease of -6.66%. The volatility ratio for the week is 1.60%, and the volatility levels for the last 30 days are 1.45% for Starbucks Corp. (SBUX). The simple moving average for the last 20 days is -0.74% for SBUX’s stock, with a simple moving average of -8.31% for the last 200 days.
Analysts’ Opinion of SBUX
Many brokerage firms have already submitted their reports for SBUX stocks, with Morgan Stanley repeating the rating for SBUX by listing it as a “Overweight.” The predicted price for SBUX in the upcoming period, according to Morgan Stanley is $115 based on the research report published on April 12, 2024 of the current year 2024.
Robert W. Baird, on the other hand, stated in their research note that they expect to see SBUX reach a price target of $100, previously predicting the price at $106. The rating they have provided for SBUX stocks is “Neutral” according to the report published on March 18th, 2024.
BTIG Research gave a rating of “Buy” to SBUX, setting the target price at $115 in the report published on January 31st of the current year.
SBUX Trading at -4.02% 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 -24.13% of loss for the given period.
Volatility was left at 1.45%, however, over the last 30 days, the volatility rate increased by 1.60%, as shares sank -4.42% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -8.08% lower at present.
During the last 5 trading sessions, SBUX rose by +3.17%, which changed the moving average for the period of 200-days by -11.02% in comparison to the 20-day moving average, which settled at $88.06. In addition, Starbucks Corp. saw -8.75% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at SBUX starting from Conway Michael Aaron, who sale 3,250 shares at the price of $85.39 back on Apr 15 ’24. After this action, Conway Michael Aaron now owns 81,199 shares of Starbucks Corp., valued at $277,518 using the latest closing price.
KELLY SARA, the evp, chief partner officer of Starbucks Corp., sale 250 shares at $92.63 during a trade that took place back on Mar 21 ’24, which means that KELLY SARA is holding 46,924 shares at $23,158 based on the most recent closing price.
Stock Fundamentals for SBUX
Current profitability levels for the company are sitting at:
- 0.17 for the present operating margin
- 0.28 for the gross margin
The net margin for Starbucks Corp. stands at 0.12. The total capital return value is set at 0.31.
Based on Starbucks Corp. (SBUX), the company’s capital structure generated 1.54 points at debt to capital in total, while cash flow to debt ratio is standing at 0.28. The debt to equity ratio resting at -2.84. The interest coverage ratio of the stock is 10.89.
Currently, EBITDA for the company is 7.33 billion with net debt to EBITDA at 2.82. When we switch over and look at the enterprise to sales, we see a ratio of 3.29. The receivables turnover for the company is 31.49for trailing twelve months and the total asset turnover is 1.26. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.70.
Conclusion
To sum up, Starbucks Corp. (SBUX) has seen a bad 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.
