Costco Wholesale Corp (NASDAQ: COST) has experienced a decline in its stock price by -1.03 compared to its previous closing price of 886.52. However, the company has seen a fall of -2.68% in its stock price over the last five trading days. fool.com reported 2024-09-30 that For all its size and power, Costco stands to take an economic hit from a worsening labor dispute.
Is It Worth Investing in Costco Wholesale Corp (NASDAQ: COST) Right Now?
The price-to-earnings ratio for Costco Wholesale Corp (NASDAQ: COST) is above average at 52.97x. The 36-month beta value for COST is also noteworthy at 0.80. There are mixed opinions on the stock, with 11 analysts rating it as a “buy,” 7 rating it as “overweight,” 11 rating it as “hold,” and 0 rating it as “sell.”
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The public float for COST is 442.31M, and at present, short sellers hold a 1.61% of that float. The average trading volume of COST on October 02, 2024 was 1.97M shares.
COST’s Market Performance
COST stock saw a decrease of -2.68% in the past week, with a monthly decline of -1.68% and a quarterly a decrease of 2.10%. The volatility ratio for the week is 1.87%, and the volatility levels for the last 30 days are 1.88% for Costco Wholesale Corp (COST). The simple moving average for the last 20 days is -2.29% for COST’s stock, with a simple moving average of 12.43% for the last 200 days.
Analysts’ Opinion of COST
Many brokerage firms have already submitted their reports for COST stocks, with Telsey Advisory Group repeating the rating for COST by listing it as a “Outperform.” The predicted price for COST in the upcoming period, according to Telsey Advisory Group is $1000 based on the research report published on September 27, 2024 of the current year 2024.
Truist, on the other hand, stated in their research note that they expect to see COST reach a price target of $873. The rating they have provided for COST stocks is “Hold” according to the report published on September 24th, 2024.
Redburn Atlantic gave a rating of “Neutral” to COST, setting the target price at $890 in the report published on September 10th of the current year.
COST Trading at 0.78% 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 -5.03% of loss for the given period.
Volatility was left at 1.88%, however, over the last 30 days, the volatility rate increased by 1.87%, as shares sank -0.14% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +3.54% upper at present.
During the last 5 trading sessions, COST fell by -2.68%, which changed the moving average for the period of 200-days by +36.66% in comparison to the 20-day moving average, which settled at $897.91. In addition, Costco Wholesale Corp saw 32.92% 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 Frates Caton, who proposed sale 1,700 shares at the price of $883.35 back on Sep 30 ’24. After this action, Frates Caton now owns shares of Costco Wholesale Corp, valued at $1,501,695 using the latest closing price.
Adamo Claudine, the Officer of Costco Wholesale Corp, proposed sale 3,200 shares at $888.99 during a trade that took place back on Sep 30 ’24, which means that Adamo Claudine is holding shares at $2,844,776 based on the most recent closing price.
Stock Fundamentals for COST
Current profitability levels for the company are sitting at:
- 0.04 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 0.26. Equity return is now at value 30.27, with 10.61 for asset returns.
Based on Costco Wholesale Corp (COST), the company’s capital structure generated 0.26 points at debt to capital in total, while cash flow to debt ratio is standing at 1.46. The debt to equity ratio resting at 0.35. The interest coverage ratio of the stock is 501.33.
Currently, EBITDA for the company is 10.72 billion with net debt to EBITDA at -0.16. When we switch over and look at the enterprise to sales, we see a ratio of 1.53. The receivables turnover for the company is 93.24for trailing twelve months and the total asset turnover is 3.63. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.97.
Conclusion
In summary, Costco Wholesale Corp (COST) has had a mixed performance as of late. Analysts have mixed opinions on the stock, with some viewing 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.
