Costco Wholesale Corporation (NASDAQ:COST) saw a downside of -0.61% to $489.13 after subtracting -$2.98 on Wednesday. The 5-day average trading volume is 1,833,369 shares of the company’s common stock. It has gained $495.24 in the past week and touched a new high 3 times within the past 5 days. An average of 1,925,947 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 2,236,107.
COST’s 1-month performance is 6.50% or $25.85 on its low of $447.90 reached on 01/03/23. The company’s shares have touched a 52-week low of $406.51 and high of $612.27, with the stock’s rally to the 52-week high happening on 01/23/23. YTD, COST has achieved 7.80% or $32.00 and has reached a new high 6 times. However, the current price is down -20.11% from the 52-week high price.
COST stock investors last saw insider trading activity on Dec 12.DECKER SUSAN L (Director) most recently sold 952 shares at $483.00 per share on Dec 12. This transaction cost the insider $459,816. Executive Vice President, Miller Russell D, sold 1,000 shares at a price of $483.58 on Nov 04. Then, on Oct 26, Executive Vice President Adamo Claudine sold 2,000 shares at a price of $495.97 per share. This transaction amounted to $991,947.
COST stock has a beta of 0.77. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 0.92 while the price-to-book (PB) in the most recent quarter is 10.17, with the price to cash flow ratio at 163.88.
Costco Wholesale Corporation’s quick ratio for the period ended November 29 was 0.50, with the current ratio over the same period at 1.00. As well, the company’s long term debt to equity for the quarter ending November 29 was 0.30, while the total debt to equity was 0.30. In terms of profitability, the gross margin trailing 12 months is 12.00%. The firm’s gross profit as reported stood at $27.57 billion against revenue of $226.95 billion.
For the quarterly period ending November 29 this year, Costco Wholesale Corporation’s cash and short-term investments amounted to $817.0 million against total debt of $9.05 billion. Net income and sales went down compared to those figures reported in the previous quarter. Net income grew 2.93% to $1.36 billion, while revenue of $1.87 billion was -36.95% off the previous quarter. Analysts expected COST to announce $3.11 per share in earnings in its latest quarter, but it posted $3.07, representing a -1.30% surprise. EBITDA for the quarter stood at more than $2.2 billion. COST stock balance sheet for the quarter ending November 29 shows that total liabilities totaled 44.55 billion, with total debt at $9.05 billion. Shareholders hold equity totaling $443.73 million.
Let’s look briefly at Costco Wholesale Corporation (COST) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 24 January was 58.84% to suggest the stock is trending Neutral, with historical volatility in this time period at 23.40%.
The stock’s 5-day moving average is $484.56, reflecting a +1.88% or $9.03 change from its current price. COST is currently trading +5.59% above its 20-day SMA, -6.44% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -4.80% and SMA200 by-19.66%.
Stochastic %K and %D was 90.94% and 84.09% and the average true range (ATR) pointed at 9.80. The RSI (14) points at 55.88%, while the 14-day stochastic is at 85.23% with the period’s ATR at 10.07. The stock’s 9-day MACD Oscillator is pointing at 6.99 and 10.05 on the 14-day charts.
Analysts offering their rating for COST stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate COST as a “sell,”, while 12 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 5 rates the stock as overweight while 18 have offered a “buy” rating.
What is COST’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $450.00 and a high of $610.00, with their median price target at $545.00. Looking at these predictions, the average price target given by analysts is for Costco Wholesale Corporation (COST) stock is $547.03.