Luckin Coffee Inc. (NASDAQ:LK) has seen 163,000,000 shares traded in the last trading session. The company, currently valued at $349.34 Million, closed the last trade at $1.38 per share which meant it lost -$1.62 on the day or -54% during that session. The LK stock price is -3623.19% off its 52-week high price of $51.38 and 15.94% above the 52-week low of $1.16. If we look at the company’s 10-day average daily trading volume, we find that it stood at 41.37 Million shares traded. The 3-month trading volume is 41.37 Million shares.
The consensus among analysts is that Luckin Coffee Inc. (LK) is a Buy stock at the moment, with a recommendation rating of 2.3. None of the analysts rate the stock as a Sell, while none rate it as Overweight. None out of 2 have rated it as a Hold, with 2 advising it as a Buy. None have rated the stock as Underweight. The expected earnings per share for the stock is -$0.27.
Luckin Coffee Inc. (NASDAQ:LK) trade information
Despite being -54% in the red today, the stock has traded in the green over the last five days, with the highest price hit on Monday, Jun 22 when the LK stock price touched $3.65 or saw a rise of 62.19%. Year-to-date, Luckin Coffee Inc. shares have moved -96.49%, while the 5-day performance has seen it change -63.87%. Over the past 30 days, the shares of Luckin Coffee Inc. (NASDAQ:LK) have changed -35.21%. Short interest in the company has seen 30.33 Million shares shorted with days to cover at 0.73.
Wall Street analysts have a consensus price target for the stock at $36.6, which means that the shares’ value could jump 2552.17% from current levels. The projected low price target is $20 while the price target rests at a high of $53.2. In that case, then, we find that the current price level is +3755.07% off the targeted high while a plunge would see the stock lose 1349.28% from current levels.
Luckin Coffee Inc. (LK) estimates and forecasts
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was +0% over the past 5 years. Earnings growth for 2020 is a modest +0% while over the next 5 years, the company’s earnings are expected to increase by 0%.
Luckin Coffee Inc. (NASDAQ:LK)’s Major holders
Insiders own 15.72% of the company shares, while shares held by institutions stand at 72.19% with a share float percentage of 85.66%. Investors are also buoyed by the number of investors in a company, with Luckin Coffee Inc. having a total of 284 institutions that hold shares in the company. The top two institutional holders are Lone Pine Capital, LLC with over 13.52 Million shares worth more than $367.69 Million. As of March 30, 2020, Lone Pine Capital, LLC held 45.08% of shares outstanding.
The other major institutional holder is Capital Research Global Investors, with the holding of over 10.09 Million shares as of March 30, 2020. The firm’s total holdings are worth over $274.29 Million and represent 33.63% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Smallcap World Fund and Mainstay Winslow Large Cap Growth Fund. As of December 30, 2019, the former fund manager holds about 16.94% shares in the company for having 5080724 shares of worth $199.98 Million while later fund manager owns 3.3 Million shares of worth $107.13 Million as of January 30, 2020, which makes it owner of about 10.99% of company’s outstanding stock.