Starbucks Corp. is a company that specializes in making, selling, and serving specialty coffee. It was established by Jerry Baldwin and Howard D. Schultz on November 4, 1985, and its main office is in Seattle, WA.
Starbucks stock has been increasing its dividend amount every year and the dividend in the last five years grew from $1.26 to $1.96 per share. This indicates that the SBUX company is strong and reliable in terms of its fundamentals and financials and has a long-term potential for growth in its SBUX share price.
The SBUX stock’s dividend yield for the TTM is 2.32% and its last dividend payment was 0.57 per share. The last ex-dividend date was November 9th, 2023 and its payout ratio is 63.33%.
The SBUX stock has a float of 1.115 Billion shares and a market cap of $104.541 Billion. The Starbucks Corp. stock’s average volume for the last 10 days is 5.657 Million and its current volume is 7.7 Million. The SBUX stock has a CMP of $91.27 and an intraday gain of 0.21%.
Starbucks’s latest quarterly balance sheet for the period ending June 2023, reported total assets of $28.73 Billion and total liabilities of $37.07 Billion. The debt-to-assets ratio is at 129.03%, which is a negative sign and might be a concern for SBUX stock.
The latest quarterly earnings report for the period ending June 2023, displayed a revenue of $9.16 Billion, with a net income of $1.14 Billion, and a profit margin of 12.46%. This quarter, the reported revenue missed analysts estimate by $121.155 Million (1.30%). The next quarter’s revenue is estimated to be 9.302 Billion.
SBUX Stock Price Technical Analysis in 1-D Timeframe
At the time of publishing, the major EMA’s in Starbucks Corp. (NASDAQ: SBUX) are bearish and MACD shows a bearish cross on the charts and RSI is at 30.54 taking resistance from 14 SMA.
However, the stock ratings for Starbucks stock are positive and highly recommended based on 30 analysts who have evaluated SBUX in the last three months. The 1-year price forecasts for Starbucks stock by 29 analysts range from $101 to $150, with a high potential for growth.
The stock may continue to fall further if it breaks below the current levels and breaks below $85, which could lead to a target of $80. On the other hand, if Starbucks stock manages to reverse the trend and gain strong buying momentum It could rise above $95, triggering a rally above $100 or higher.
Summary
Starbucks Corp. (NASDAQ: SBUX) indicates that the traders and investors of the stock price are bearish on the 1-D time frame. The price action shows a bearish outlook at the time of publishing. The technical analysis tools of Starbucks’s stock price also support bearishness. The EMA, RSI, and MACD highlight downward signals and indicate that a downtrend may continue in the SBUX stock price.
Technical Levels
Support levels: $85 and $80
Resistance levels: $95 and $100
Disclaimer
In this article, the views and opinions stated by the author, or any people named are for informational purposes only, and they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.
Andrew is a blockchain developer who developed his interest in cryptocurrencies while his post-graduation. He is a keen observer of details and shares his passion for writing along with being a developer. His backend knowledge about blockchain helps him give a unique perspective to his writing
Source: https://www.thecoinrepublic.com/2023/09/30/sbux-stock-forecast-will-nasdaq-sbux-slip-more-or-fly-soon/