Starbucks Corp (NASDAQ:SBUX) shares, rose in value, with the stock price down by -4.04% to the previous day’s close as strong demand from buyers drove the stock to $107.18.
Actively observing the price movement in the recent trading, the stock is buoying the session at $111.69. The PE ratio was 34.64 over 12-month period. Referring to stock’s 52-week performance, its high was $117.46, and the low was $71.55. On the whole, SBUX has fluctuated by -3.10% over the past month.
With the market capitalization of Starbucks Corp currently standing at about $121.74 billion, investors are eagerly awaiting this quarter’s results, scheduled for in April. The company’s Forward Dividend Ratio is 2.36, with its dividend yield at 2.20%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 37.44B, with a low estimate of 8.74B and a high estimate of 9.07B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 8.9B.
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 50% 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 100% Buy.
The stock’s technical analysis shows that the PEG ratio is about 3.92, with the price of SBUX currently trading nearly -4.86% and 3.89% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 42.77, while the 7-day volatility ratio is showing 2.42% which for the 30-day chart, stands at 1.99%. Furthermore, Starbucks Corp (SBUX)’s beta value is 0.95, and its average true range (ATR) is 2.53.
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 -4.04% in today’s session so far, and over the past year, it grew by 15.92%%. In comparison, Coca-Cola Co. (KO) has moved lower at -0.16%% today and is up 17.90% over the past 12 months.
Data on historical trading for Starbucks Corp (NASDAQ:SBUX) indicates that the trading volumes over the past 3 months, they’ve averaged 9.81 million. According to company’s latest data on outstanding shares, there are 1.14 billion shares outstanding.
Nearly 0.20% of Starbucks Corp’s shares belong to company insiders and institutional investors own 78.66% of the company’s shares. The stock has risen by 17.45% 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.
