The price-to-earnings ratio for Starbucks Corp. (NASDAQ: SBUX) is above average at 21.99x, Company’s 36-month beta value is 0.94.Analysts have differing opinions on the stock, with 14 analysts rating it as a “buy,” 10 as “overweight,” 9 as “hold,” and 0 as “sell.”
The public float for SBUX is 1.11B, and currently, short sellers hold a 1.96% ratio of that floaft. The average trading volume of SBUX on June 21, 2024 was 11.54M shares.
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SBUX) stock’s latest price update
Starbucks Corp. (NASDAQ: SBUX) has seen a rise in its stock price by 0.18 in relation to its previous close of 79.72. However, the company has experienced a -0.47% decline in its stock price over the last five trading sessions. investorplace.com reported 2024-06-21 that The Nasdaq index is driving the stock market to record heights, having risen 20% through the year’s first half. The index is being powered higher by a select number of mega-cap technology stocks that are outperforming such as Nvidia (NASDAQ: NVDA ) and Microsoft (NASDAQ: MSFT ).
SBUX’s Market Performance
SBUX’s stock has fallen by -0.47% in the past week, with a monthly rise of 2.75% and a quarterly drop of -12.87%. The volatility ratio for the week is 2.20% while the volatility levels for the last 30 days are 2.20% for Starbucks Corp. The simple moving average for the last 20 days is -0.31% for SBUX stock, with a simple moving average of -12.53% for the last 200 days.
Analysts’ Opinion of SBUX
Many brokerage firms have already submitted their reports for SBUX stocks, with Goldman repeating the rating for SBUX by listing it as a “Buy.” The predicted price for SBUX in the upcoming period, according to Goldman is $100 based on the research report published on June 13, 2024 of the current year 2024.
DZ Bank, on the other hand, stated in their research note that they expect to see SBUX reach a price target of $75. The rating they have provided for SBUX stocks is “Hold” according to the report published on May 03rd, 2024.
SBUX Trading at -1.10% 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 -25.82% of loss for the given period.
Volatility was left at 2.20%, however, over the last 30 days, the volatility rate increased by 2.20%, as shares sank -1.16% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -7.18% lower at present.
During the last 5 trading sessions, SBUX fell by -0.57%, which changed the moving average for the period of 200-days by -17.62% in comparison to the 20-day moving average, which settled at $80.06. In addition, Starbucks Corp. saw -16.82% 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 $80.00 back on Jun 14 ’24. After this action, Conway Michael Aaron now owns 78,304 shares of Starbucks Corp., valued at $260,000 using the latest closing price.
Ruggeri Rachel, the evp, cfo of Starbucks Corp., sale 3,750 shares at $80.00 during a trade that took place back on May 22 ’24, which means that Ruggeri Rachel is holding 65,431 shares at $300,000 based on the most recent closing price.
Stock Fundamentals for SBUX
Current profitability levels for the company are sitting at:
- 0.16 for the present operating margin
- 0.26 for the gross margin
The net margin for Starbucks Corp. stands at 0.11. The total capital return value is set at 0.27.
Based on Starbucks Corp. (SBUX), the company’s capital structure generated 1.99 points at debt to capital in total, while cash flow to debt ratio is standing at 0.38. The debt to equity ratio resting at -2.01. The interest coverage ratio of the stock is 10.28.
Currently, EBITDA for the company is 7.33 billion with net debt to EBITDA at 3.02. When we switch over and look at the enterprise to sales, we see a ratio of 3.09. The receivables turnover for the company is 32.89for trailing twelve months and the total asset turnover is 1.24. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.86.
Conclusion
In a nutshell, Starbucks Corp. (SBUX) has experienced a bad 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.
