Starbucks Corporation (NASDAQ:SBUX) finished Thursday with a subtraction of -$0.35 to close at $94.83, a downside of -0.37 percent. An average of 5,809,680 shares of common stock have been traded in the last five days. There was a fall of -$1.74 in the past week, and it reached a new high 29 times over the past 12 months. The last 20 days have seen an average of 5,649,720 shares traded, while the 50-day average volume stands at 6,500,146.
SBUX stock has decreased by -6.78% in the last month. The company shares reached their 1-month lowest point of $93.71 on 08/24/23. With the stock rallying to its 52-week high on 05/01/23, shares of the company touched a low of $81.67 and a high of $115.48 in 52 weeks. It has reached a new high 15 times so far this year and lost -4.41% or -$4.37 in price. In spite of this, the price is down -17.88% 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 65 days ago on Jun 21. In this transaction, the insider spent $68,307. evp, cfo, Ruggeri Rachel, disposed of 736 shares at a price of $105.50 on Feb 21. The insider now owns more than $77,648 worth of shares. Prior to that, acting evp, general counsel Jenkins Zabrina went on to Sale 2,962 shares at $108.48 each on Feb 13. An amount of $321,317 was transacted.
Valuation Metrics
Starbucks Corporation (SBUX) has a trailing price-to-earnings (P/E) ratio of 28.88. The stock’s beta is 0.94. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 3.08, and the price-to-cash flow ratio at 36.16.
The company has a payout ratio of 47.00%. 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 June 29 was 0.60, and the current ratio was 0.80, indicating that the company is not able to meet its debt obligations. Starbucks Corporation’s EBITDA margin for the year ending June 29 is 22.66%, while its operating margin for the same period stands at 15.30%. 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 June 29, Starbucks Corporation had $13.54 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 $1.14 billion in the quarter, while revenues were grew 20.04%. The analyst consensus anticipated Starbucks Corporation’s latest quarter earnings to come in at $0.95 per share, but it turned out to be $1, a 5.30% surprise. For the quarter, EBITDA amounted to $1.95 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 24 August was 23.75%, suggesting the stock is oversold, with historical volatility in this time frame at 11.63%.
As of today, SBUX’s price is $95.95 -1.80% or -$1.74 from its 5-day moving average. SBUX is currently trading -5.90% lower than its 20-day SMA and -8.93% lower than its 100-day SMA. However, the stock’s current price level is -4.46% below the SMA50 and +3.23% above the SMA200.
The stochastic %K and %D were 10.65% and 9.92%, respectively, and the average true range (ATR) was 1.78. With the 14-day stochastic at 12.93% and the average true range at 1.77, the RSI (14) stands at 30.51%. The stock has reached -2.01 on the 9-day MACD Oscillator while the 14-day reading was at -3.31.
Analyst Ratings
Wells Fargo reiterated its an Overweight rating on Starbucks Corporation (NASDAQ: SBUX), but raised their price target to $125, indicating a potential price increase of 24.14% for the stock.
