Starbucks Corp. (NASDAQ: SBUX) has a price-to-earnings ratio that is above its average at 26.92x. The stock has a 36-month beta value of 0.96. 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 1.11B, and at present, short sellers hold a 2.81% of that float. On September 23, 2024, the average trading volume of SBUX was 14.85M shares.
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SBUX) stock’s latest price update
The stock of Starbucks Corp. (NASDAQ: SBUX) has decreased by -0.88 when compared to last closing price of 96.90.Despite this, the company has seen a loss of -2.56% in its stock price over the last five trading days. accesswire.com reported 2024-09-22 that NEW YORK, NY / ACCESSWIRE / September 22, 2024 / If you suffered a loss on your Starbucks Corporation (NASDAQ:SBUX) investment and want to learn about a potential recovery under the federal securities laws, follow the link below for more information: https://zlk.com/pslra-1/starbucks-lawsuit-submission-form?prid=104355&wire=1 or contact Joseph E. Levi, Esq.
SBUX’s Market Performance
Starbucks Corp. (SBUX) has seen a -2.56% fall in stock performance for the week, with a 3.52% gain in the past month and a 20.20% surge in the past quarter. The volatility ratio for the week is 2.16%, and the volatility levels for the past 30 days are at 2.29% for SBUX. The simple moving average for the last 20 days is 1.05% for SBUX’s stock, with a simple moving average of 10.05% for the last 200 days.
Analysts’ Opinion of SBUX
Many brokerage firms have already submitted their reports for SBUX stocks, with BofA Securities repeating the rating for SBUX by listing it as a “Buy.” The predicted price for SBUX in the upcoming period, according to BofA Securities is $118 based on the research report published on September 18, 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 $85. The rating they have provided for SBUX stocks is “Sell” according to the report published on August 21st, 2024.
Stifel gave a rating of “Buy” to SBUX, setting the target price at $110 in the report published on August 14th of the current year.
SBUX Trading at 11.92% 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 -10.78% of loss for the given period.
Volatility was left at 2.29%, however, over the last 30 days, the volatility rate increased by 2.16%, as shares surge +3.92% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +31.04% upper at present.
During the last 5 trading sessions, SBUX fell by -2.56%, which changed the moving average for the period of 200-days by -1.59% in comparison to the 20-day moving average, which settled at $95.23. In addition, Starbucks Corp. saw 0.04% 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 KNUDSTORP JORGEN VIG, who purchase 380 shares at the price of $91.50 back on Sep 06 ’24. After this action, KNUDSTORP JORGEN VIG now owns 36,242 shares of Starbucks Corp., valued at $34,770 using the latest closing price.
Narasimhan Laxman, the Former Officer and Director of Starbucks Corp., proposed sale 39,678 shares at $97.84 during a trade that took place back on Aug 27 ’24, which means that Narasimhan Laxman is holding shares at $3,882,152 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
- 0.25 for the gross margin
The net margin for Starbucks Corp. stands at 0.11. The total capital return value is set at 0.25.
Based on Starbucks Corp. (SBUX), the company’s capital structure generated 1.88 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 -2.14. The interest coverage ratio of the stock is 10.02.
Currently, EBITDA for the company is 7.33 billion with net debt to EBITDA at 3.03. When we switch over and look at the enterprise to sales, we see a ratio of 3.59. The receivables turnover for the company is 31.82for trailing twelve months and the total asset turnover is 1.21. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.89.
Conclusion
To sum up, Starbucks Corp. (SBUX) has seen a better performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
