Luckin Coffee Inc. (LK), a Consumer Cyclical Restaurants organization, saw its stock exchange 32.49 common shares, a pullback compared to its 10-day trading volume of 33.5M.
Luckin Coffee Inc. (LK) announces that it is investigating claims on behalf of investors of Luckin Coffee Inc. (“Luckin Coffee” or “the Company”) (NASDAQ:LK) for violations of the securities laws.
The investigation focuses on whether Luckin Coffee issued false and/or misleading statements and/or failed to disclose information pertinent to investors.
China’s Luckin Coffee Inc. hasn’t been having much luck lately. The last thing a retail business in the middle of a breakneck expansion needs is a deadly virus that keeps consumers off the streets and away from malls.
Luckin Coffee Inc. (LK) stock is quoted at $32.49, down -3.91 cents or -10.74% on the day. Based on this we can see some traders are either waiting on the sidelines to get involved or perhaps some are taking losses.
Luckin Coffee Inc. (LK), Gross Profit is $308.48M .
Luckin Coffee Inc. (LK) Technical Evaluation:
The average 10-day trading volume of Luckin Coffee Inc. (LK) is 33.5M compared to 13.65M over the last 3 months which indicates a spike in trading activity. At the time of writing this article, Luckin Coffee Inc. (LK) has a 50-day moving average of $38.88 and a 200-day moving average of $26.33. These moving averages are popular technical indicators that investors use to analyze price trends of Luckin Coffee Inc. (LK).
Approximately 30.04% of the shares of the company are sold short from investors betting the shares may trade lower. Luckin Coffee Inc. (LK) stock is indicating its 12.46% to 9.68% more volatile than the overall global market.
Technically, LK’s short term support levels are around $28.90, $25.94 and $21.87 on the downside. LKs short term resistance levels are $53.02, $50.02 and $49.01 on the upside.
Based on technical analysis, LK has short term rating of Neutral (0.05), Intermediate rating of Neutral (-0.14) and the long-term rating of Neutral (0.22) giving it an overall rating of Neutral (0.05).
LK is trading 136.98% off its 52 week low at $13.71 and -36.77% off its 52 week high of $51.38. Performance wise, LK stock has recently shown investors -20.43% a pullback in a week, -17.45% a pullback in a month and 62.37% a spike in the past quarter.
Furthermore, Luckin Coffee Inc. (LK) has shown a return of -17.45% since the 1st of this year.
Luckin Coffee Inc. (LK) Key Research:
Luckin Coffee Inc. (LK) is a mid cap company with a market cap value of $8.342B. LK insiders hold roughly 13.83% of the shares.
On Jan-16-20 KeyBanc Capital Markets Reiterated LK as Overweight at $32 → $56. On Jan-27-20 Morgan Stanley Reiterated LK as Equal-Weight at $27 → $42 and on Jan-28-20 Morgan Stanley Reiterated LK as Equal-Weight at $27 → $42.
There are currently 76.28M shares in the float and 282.10M shares outstanding. There are 30.04% shares short in LKs float.
The industry rank for Luckin Coffee Inc. (LK) is 67 out of 255 ranking it at the Top 26% .
Luckin Coffee Inc. (LK) Fundamentals Statistics:
LK last 2 years revenues have decreased from $840,695 to $3,394,649 showing a downtrend.
Wall Street expects Luckin Coffee Inc. (LK) to report an EPS next Qtr loss of -0.27 and a profit of 81.20% next year.
The growth rate on LK this year is NA compared to an industry 7.10. However, LKs next year’s growth rate is 83.33 compared to an industry 20.40.
The book value per share (mrq) is 3.86 and cash per share (mrq) is 2.83. Giving them a price/book (mrq) of 8.50 compared to an industry of 4.03.
LK fundamental ratios shows an EPS growth vs. previous year of -1.26 and EPS growth vs. previous quarter of -0.26.
About Luckin Coffee Inc. (LK):
Luckin Coffee Inc. engages in the retail sale of freshly brewed drinks, pre-made food and beverage items primarily in the People’s Republic of China. The company operates pick-up stores, relax stores and delivery kitchens under the Luckin brand as well as Luckin mobile app, Weixin mini-program and other third-party platforms. Luckin Coffee Inc. is based in Xiamen, the People’s Republic of China.