Luckin Coffee Inc. (NASDAQ:LK) traded at $2.645 at last check on Wednesday, May 27, making an upward move of 21.37% on its previous day’s price.
Looking at the stock we see that its previous close was $2.13 with the day’s price range being $2.3700 – 3.0000. In terms of its 52-week price range, LK has a high of $51.38 and a low of $1.33. The company’s stock has gained about -93.26% over that past 30 days.
On the other hand, looking at the outlook for the LK stock, short term indicators assign the stock an average of 100% Sell, while medium term indicators assign it an average of Hold. Long term indicators on average place the stock in the category of 50% Sell.
Based on estimates by 3 analysts where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 1 have rated the Luckin Coffee Inc. (LK) stock as a Hold, while 2 rate it as a Buy. None analysts rate it as outperform while none of them rated it as underperform, whereas none suggests the stock as a Sell. The stock has an overall rating of Overweight and investors could take advantage and scoop up stock of the company.
Looking further, we note that the PEG ratio for the LK stock currently stands at 0, and the current price level is -86.28% off its SMA20 and -91.38% from its 50-day simple moving average. The RSI (14) is pointing at 20.11 while the volatility over the past week is 39.25% and drops to 24.22% over the past one month. The beta value is 0, while the average true range (ATR) is currently pointing at 3.41. The average price target for the stock over the next 12 months is $36.6, with the estimates having a low of $20 and a high of $53.2. These price ends are 656.14% and +1911.34% off the current price level respectively, although investors could be excited at the prospect of a +1283.74% if the LK share price touches on the median price of $36.6.
Let’s briefly compare Luckin (LK) stock to its peers. We find that today’s price change of +21.37% and 0% over the past 12 months for LK betters that of Coca-Cola Company (KO), which has seen its stock price rise 1.59% in the latest trading session and is -7.1% over the last one year. Another of its peers Pepsico Inc (PEP) has dropped -0.13% today, and is +0.19% up over the past year, while Keurig Dr Pepper Inc (KDP) is also up 21.37% yet its price remains in the red at 0% over the same period. Coca-Cola has a P/E ratio of 19.87 compared to Luckin’s 0 and Pepsico’s 25.08. In contrast to these companies, both the S&P 500 Index and the Dow Jones Industrial are today at 0.66% and -0.24%, respectively, in early deals.
Coming back to Luckin Coffee Inc. (NASDAQ:LK), we note that the average 3-month trading volume was 20.43 Million, while that of the preceding 10-day period stands at 89.92 Million. Current shares outstanding are 253.15 Million.
According to data from Thomson Reuters, insiders hold 15.72% of the company’s shares while institutions hold 72.19%. The data shows that short shares as of April 29, 2020, stood at 38.36 Million at a short ratio of 1.54. This represents a 15.15% Short interest in Shares outstanding on April 29, 2020. Shares short rose in April from the previous month at 29.22 Million. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock -94.59% down in year-to-date price movement.