In the past week, SBUX stock has gone up by 1.35%, with a monthly decline of -0.06% and a quarterly surge of 26.51%. The volatility ratio for the week is 1.60%, and the volatility levels for the last 30 days are 1.59% for Starbucks Corp. The simple moving average for the last 20 days is 0.93% for SBUX’s stock, with a simple moving average of 10.99% for the last 200 days.
Is It Worth Investing in Starbucks Corp. (NASDAQ: SBUX) Right Now?
Starbucks Corp. (NASDAQ: SBUX) has a higher price-to-earnings ratio of 27.14x compared to its average ratio. SBUX has 36-month beta value of 0.96. Analysts have mixed views on the stock, with 14 analysts rating it as a “buy,” 10 as “overweight,” 9 as “hold,” and 0 as “sell.”
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The public float for SBUX is 1.11B, and currently, short sellers hold a 2.56% ratio of that float. The average trading volume of SBUX on October 21, 2024 was 13.56M shares.
SBUX) stock’s latest price update
Starbucks Corp. (NASDAQ: SBUX)’s stock price has gone rise by 1.65 in comparison to its previous close of 95.27, however, the company has experienced a 1.35% increase in its stock price over the last five trading days. accesswire.com reported 2024-10-20 that NEW YORK, NY / ACCESSWIRE / October 20, 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=108819&wire=1 or contact Joseph E. Levi, Esq.
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 October 17, 2024 of the current year 2024.
BTIG Research, on the other hand, stated in their research note that they expect to see SBUX reach a price target of $115, previously predicting the price at $100. The rating they have provided for SBUX stocks is “Buy” according to the report published on October 17th, 2024.
Bernstein gave a rating of “Outperform” to SBUX, setting the target price at $115 in the report published on September 26th of the current year.
SBUX Trading at 2.46% 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 -10.05% of loss for the given period.
Volatility was left at 1.59%, however, over the last 30 days, the volatility rate increased by 1.60%, as shares surge +0.82% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +27.84% upper at present.
During the last 5 trading sessions, SBUX rose by +1.35%, which changed the moving average for the period of 200-days by +3.87% in comparison to the 20-day moving average, which settled at $95.95. In addition, Starbucks Corp. saw 0.86% 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 3.62. 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 put it simply, Starbucks Corp. (SBUX) has had a better performance in recent times. Analysts have a mixed opinion on the stock, with some rating 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.
