Starbucks Corp. (NASDAQ:SBUX) traded at $88.08 at last check on Monday, April 29, made a downward move of -0.20% on its previous day’s price.
Looking at the stock we see that its previous close was $88.25. The company has a trailing 12-month PE ratio of 23.55. In terms of its 52-week price range, SBUX has a high of $115.48 and a low of $84.29. The company’s stock has lost about -3.63% over that past 30 days.
Starbucks Corp. has a market cap of $99.72 billion. With its Forward Dividend at 2.20 and a yield of 2.50%, the company’s investors could be anxious for the SBUX stock to gain ahead of the earnings release. Estimates by analysts give the company expected earnings per share (EPS) of $0.79, with the EPS growth for the year raised at $4.01 for 2024 and $4.65 for next year. These figures represent 13.30% and 16.00% growth in EPS for the two years respectively.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $9.13 billion, with a low of $8.9 billion and a high of $9.32 billion. According to analyst consensus estimates figures, the company’s yearly revenue forecast for 2024 is expected to hit $38.63 billion, or 7.40% up from figures reported last year.
On the other hand, looking at the outlook for the SBUX stock, short term indicators assign the stock an average of 50% Sell, while medium term indicators assign it an average of 100% Sell. Long term indicators on average place the stock in the category of 100% Sell.
Looking further, we note that the PEG ratio for the SBUX stock currently stands at 1.51, and the most recent price level today is 0.80% off its SMA20 and -2.57% from its 50-day simple moving average. The RSI (14) is pointing at 47.99 while the volatility over the past week is 1.99% and jumps to 1.61% over the past one month. The beta value is 0.97, while the average true range (ATR) is currently pointing at 1.43.
Coming back to Starbucks Corp. (NASDAQ:SBUX), we note that the average 3-month trading volume was 8.52 million. Current shares outstanding are 1.14 billion.
The insiders hold 2.62% of the company’s shares while institutions hold 72.88%. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock -8.26% down in year-to-date price movement.
