4 times Within The Past Five Days, Starbucks Corporation (SBUX) Hit A New High

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Starbucks Corporation (NASDAQ:SBUX) finished Thursday with an addition of $1.17 to close at $99.77, an upside of 1.19 percent. An average of 4,114,280 shares of common stock have been traded in the last five days. There was a gain of $1.10 in the past week, and it reached a new high 3 times over the past 12 months. The last 20 days have seen an average of 6,336,655 shares traded, while the 50-day average volume stands at 7,426,400.

SBUX stock has increased by 1.13% in the last month. The company shares reached their 1-month lowest point of $96.17 on 12/22/22. With the stock rallying to its 52-week high on 01/03/22, shares of the company touched a low of $68.39 and a high of $117.80 in 52 weeks. It has reached a new high 1 time so far this year and lost -14.70% or -$17.20 in price. In spite of this, the price is down -15.31% from the 52-week high.


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Insider Transactions

SBUX stock investors should be aware that Starbucks Corporation (SBUX) stock had its last reported insider trading activity 22 days ago on Dec 08. In this transaction, the insider spent $723,002. group president International, Conway Michael Aaron, disposed of 15,320 shares at a price of $99.14 on Nov 23. The insider now owns more than $1,518,809 worth of shares. Prior to that, acting evp, general counsel Jenkins Zabrina went on to Sale 4,020 shares at $93.00 each on Sep 15. An amount of $373,860 was transacted.

Valuation Metrics

Starbucks Corporation (SBUX) has a trailing price-to-earnings (P/E) ratio of 35.22. The stock’s beta is 0.89. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 3.53, and the price-to-cash flow ratio at 389.21.

The company has a payout ratio of 68.90%. The company’s most recent quarterly dividend payment was $0.53 a share, without any change from last year. Its latest increase dividend $0.04 reported on Wednesday September 28 2022.

Financial Health

The quick ratio of Starbucks Corporation for the three months ended September 29 was 0.50, and the current ratio was 0.80, indicating that the company is not able to meet its debt obligations. Its gross profit as reported stood at $21.93 billion compared to revenue of $32.25 billion.

Earnings Surprise

For the three-month period that ended September 29, Starbucks Corporation had $87.4 million in cash and short-term investments compared to $13.59 billion in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $1.57 billion in the quarter, while revenues of $912.9 million were shrunk -12.33%. The analyst consensus anticipated Starbucks Corporation’s latest quarter earnings to come in at $0.72 per share, but it turned out to be $0.81, a 12.50% surprise. For the quarter, EBITDA amounted to $1.56 billion. Shareholders own equity worth $1.15 billion.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Starbucks Corporation (SBUX) price momentum. RSI 9-day as of the close on 29 December was 52.39%, suggesting the stock is Neutral, with historical volatility in this time frame at 12.94%.

As of today, SBUX’s price is $98.72 +1.11% or $1.10 from its 5-day moving average. SBUX is currently trading -2.38% lower than its 20-day SMA and +16.39% higher than its 100-day SMA. However, the stock’s current price level is +12.15% above the SMA50 and +20.03% above the SMA200.

The stochastic %K and %D were 33.44% and 29.35%, respectively, and the average true range (ATR) was 2.01. With the 14-day stochastic at 39.87% and the average true range at 2.13, the RSI (14) stands at 53.49%. The stock has reached 0.59 on the 9-day MACD Oscillator while the 14-day reading was at -0.54.

Analyst Ratings

Jefferies downgraded Starbucks Corporation (NASDAQ: SBUX) to a a Hold rating in its most recent analyst report. Previously, the stock was rated as a Buy. The consensus rating for Starbucks Corporation (SBUX) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell SBUX, while 18 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 3 analysts, while 11 others rate it as a “buy”.

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