In the past week, COST stock has gone up by 1.19%, with a monthly decline of -0.40% and a quarterly surge of 10.05%. The volatility ratio for the week is 1.12%, and the volatility levels for the last 30 days are 1.50% for Costco Wholesale Corp The simple moving average for the past 20 days is 1.07% for COST’s stock, with a 12.18% simple moving average for the past 200 days.
Is It Worth Investing in Costco Wholesale Corp (NASDAQ: COST) Right Now?
Costco Wholesale Corp (NASDAQ: COST) has a price-to-earnings ratio that is above its average at 54.21x. The stock has a 36-month beta value of 0.80. Opinions on the stock are mixed, with 11 analysts rating it as a “buy,” 7 as “overweight,” 11 as “hold,” and 0 as “sell.”
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The public float for COST is 442.06M, and at present, short sellers hold a 1.54% of that float. On October 23, 2024, the average trading volume of COST was 1.82M shares.
COST) stock’s latest price update
The stock price of Costco Wholesale Corp (NASDAQ: COST) has jumped by 0.50 compared to previous close of 893.49. Despite this, the company has seen a gain of 1.19% in its stock price over the last five trading days. fool.com reported 2024-10-23 that Each has an impressive history of share price performance and great prospects for further growth.
Analysts’ Opinion of COST
Many brokerage firms have already submitted their reports for COST stocks, with Bernstein repeating the rating for COST by listing it as a “Outperform.” The predicted price for COST in the upcoming period, according to Bernstein is $1016 based on the research report published on October 22, 2024 of the current year 2024.
Oppenheimer, on the other hand, stated in their research note that they expect to see COST reach a price target of $980, previously predicting the price at $955. The rating they have provided for COST stocks is “Outperform” according to the report published on October 10th, 2024.
Telsey Advisory Group gave a rating of “Outperform” to COST, setting the target price at $1000 in the report published on September 27th of the current year.
COST Trading at 0.85% 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 -2.80% of loss for the given period.
Volatility was left at 1.50%, however, over the last 30 days, the volatility rate increased by 1.12%, as shares sank -0.91% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +4.09% upper at present.
During the last 5 trading sessions, COST rose by +1.44%, which changed the moving average for the period of 200-days by +36.04% in comparison to the 20-day moving average, which settled at $888.55. In addition, Costco Wholesale Corp saw 36.04% 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 COST starting from Riel Pierre, who sale 2,000 shares at the price of $896.71 back on Oct 15 ’24. After this action, Riel Pierre now owns 10,210 shares of Costco Wholesale Corp, valued at $1,793,426 using the latest closing price.
Miller Russell D, the Sr. Executive Vice President of Costco Wholesale Corp, sale 4,400 shares at $891.15 during a trade that took place back on Oct 11 ’24, which means that Miller Russell D is holding 10,202 shares at $3,921,069 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
- 0.13 for the gross margin
The net margin for Costco Wholesale Corp stands at 0.03. The total capital return value is set at 0.27. 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 0.2 points at debt to capital in total, while cash flow to debt ratio is standing at 1.92. The debt to equity ratio resting at 0.25. The interest coverage ratio of the stock is 844.09.
Currently, EBITDA for the company is 12.15 billion with net debt to EBITDA at -0.38. When we switch over and look at the enterprise to sales, we see a ratio of 1.55. The receivables turnover for the company is 93.51for trailing twelve months and the total asset turnover is 3.64. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.97.
Conclusion
To sum up, Costco Wholesale Corp (COST) 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.
