Costco Wholesale Corp (NASDAQ: COST) has seen a rise in its stock price by 0.14 in relation to its previous close of 932.38. However, the company has experienced a 3.83% gain in its stock price over the last five trading sessions. fool.com reported 2024-11-13 that Costco rewards investors with dividends.
Is It Worth Investing in Costco Wholesale Corp (NASDAQ: COST) Right Now?
Costco Wholesale Corp (NASDAQ: COST) has a higher price-to-earnings ratio of 56.37x compared to its average ratio, The 36-month beta value for COST is at 0.81. Analysts have varying views on the stock, with 11 analysts rating it as a “buy,” 7 rating it as “overweight,” 11 as “hold,” and 0 as “sell.”
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The public float for COST is 442.04M, and currently, shorts hold a 1.36% of that float. The average trading volume for COST on November 14, 2024 was 1.77M shares.
COST’s Market Performance
COST’s stock has seen a 3.83% increase for the week, with a 4.37% rise in the past month and a 6.43% gain in the past quarter. The volatility ratio for the week is 2.63%, and the volatility levels for the past 30 days are at 1.56% for Costco Wholesale Corp The simple moving average for the last 20 days is 3.87% for COST stock, with a simple moving average of 14.33% for the last 200 days.
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 4.18% 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 -2.94% of loss for the given period.
Volatility was left at 1.56%, however, over the last 30 days, the volatility rate increased by 2.63%, as shares surge +5.22% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +4.91% upper at present.
During the last 5 trading sessions, COST rose by +3.83%, which changed the moving average for the period of 200-days by +33.25% in comparison to the 20-day moving average, which settled at $898.98. In addition, Costco Wholesale Corp saw 41.46% 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 GALANTI RICHARD A, who sale 1,416 shares at the price of $894.68 back on Oct 24 ’24. After this action, GALANTI RICHARD A now owns 27,400 shares of Costco Wholesale Corp, valued at $1,267,280 using the latest closing price.
Jones Teresa A., the Executive Vice President of Costco Wholesale Corp, sale 800 shares at $896.54 during a trade that took place back on Oct 23 ’24, which means that Jones Teresa A. is holding 2,961 shares at $717,236 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 54.94.
Currently, EBITDA for the company is 12.15 billion with net debt to EBITDA at -0.13. When we switch over and look at the enterprise to sales, we see a ratio of 1.62. 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
In conclusion, Costco Wholesale Corp (COST) has had a better performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others 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.
