Starbucks Corp (NASDAQ:SBUX) shares, rose in value, with the stock price up by 0.39% to the previous day’s close as strong demand from buyers drove the stock to $97.70.
Actively observing the price movement in the last trading, the stock closed the session at $97.32, falling within a range of $95.35 and $99.0. The value of beta (5-year monthly) was 0.961 whereas the PE ratio was 29.55 over 12-month period. Referring to stock’s 52-week performance, its high was $107.66, and the low was $71.55. On the whole, SBUX has fluctuated by 1.24% over the past month.
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With the market capitalization of Starbucks Corp currently standing at about $110.71 billion, investors are eagerly awaiting this quarter’s results, scheduled for in December. The company’s Forward Dividend Ratio is 2.28, with its dividend yield at 2.33%.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that SBUX’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium-term indicators have put the stock in the category of 100% Buy while long-term indicators on average have been pointing out that it is a 50% Buy.
The stock’s technical analysis shows that the PEG ratio is about 3.36, with the price of SBUX currently trading nearly 1.38% and 1.95% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 58.21, while the 7-day volatility ratio is showing 2.04% which for the 30-day chart, stands at 1.83%. Furthermore, Starbucks Corp (SBUX)’s beta value is 0.96, and its average true range (ATR) is 1.97.
A comparison of Starbucks Corp (SBUX) with its peers suggests the former has fared considerably weaker in the market. SBUX showed an intraday change of 0.39% in last session, and over the past year, it grew by 5.92%%.
Data on historical trading for Starbucks Corp (NASDAQ:SBUX) indicates that the trading volumes over the past 10 days have averaged 9.08 and over the past 3 months, they’ve averaged 12.61 million. According to company’s latest data on outstanding shares, there are 1.13 billion shares outstanding.
Nearly 2.07% of Starbucks Corp’s shares belong to company insiders and institutional investors own 75.01% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 28.29 million shares as on 2024-10-15, resulting in a short ratio of 3.77. According to the data, the short interest in Starbucks Corp (SBUX) stood at 250.00 of shares outstanding as of 2024-10-15; the number of short shares registered in 2024-09-13 reached 28.72 million. The stock has risen by 1.76% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the SBUX stock heading into the next quarter.
