Starbucks Corp. (NASDAQ:SBUX) shares, rose in value, with the stock price down by -0.88% to the previous day’s close as strong demand from buyers drove the stock to $86.85.
Actively observing the price movement in the last trading, the stock closed the session at $87.62. The value of beta (5-year monthly) was 0.97 whereas the PE ratio was 23.23 over 12-month period. Referring to stock’s 52-week performance, its high was $115.48, and the low was $87.61. On the whole, SBUX has fluctuated by -5.24% over the past month.
With the market capitalization of Starbucks Corp. currently standing at about $98.33 billion, investors are eagerly awaiting this quarter’s results, scheduled for Apr 30, 2024 – May 06, 2024. The company’s Forward Dividend Ratio is 2.20, with its dividend yield at 2.53%. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be $0.81, which is expected to increase to $1.16 for fiscal year $4.05 and then to about $4.71 by fiscal year 2025. Data indicates that the EPS growth is expected to be 14.40% in 2025, while the next year’s EPS growth is forecast to be 16.30%.
Analysts have estimated the company’s revenue for the quarter at $9.21 billion, with a low estimate of $8.9 billion and a high estimate of $9.39 billion. Wall Street analysts also predicted that in 2025, the company’s y-o-y revenues would reach $38.8 billion, representing an increase of 7.90% from the revenues reported in the last year’s results.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that SBUX’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium term indicators have put the stock in the category of 100% Sell while long term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the PEG ratio is about 1.47, with the price of SBUX currently trading nearly -4.48% and -6.31% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 30.11, while the 7-day volatility ratio is showing 1.60% which for the 30-day chart, stands at 1.47%. Furthermore, Starbucks Corp. (SBUX)’s beta value is 0.97, and its average true range (ATR) is 1.41.
A comparison of Starbucks Corp. (SBUX) with its peers suggests the former has fared considerably weaker in the market. SBUX showed an intraday change of -0.88% in last session, and over the past year, it shrunk by -16.49%%.
Data on historical trading for Starbucks Corp. (NASDAQ:SBUX) indicates that the trading volumes over the past 10 days have averaged 6.62 million and over the past 3 months, they’ve averaged 8.52 million. According to company’s latest data on outstanding shares, there are 1.14 billion shares outstanding.
Nearly 2.62% of Starbucks Corp.’s shares belong to company insiders and institutional investors own 72.82% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 15.43 million shares as on Mar 15, 2024, resulting in a short ratio of 1.9. According to the data, the short interest in Starbucks Corp. (SBUX) stood at 1.36% of shares outstanding as of Mar 15, 2024; the number of short shares registered in Feb 15, 2024 reached 14.38 million. The stock has fallen by -9.54% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the SBUX stock heading into the next quarter.
