Luckin Coffee (OTCMKTS:LKNCY) Sets New 52-Week High - Should You Buy?

Key Points

• Luckin Coffee shares reached a new 52-week high of $43.64, last trading at $42.60 with significant volume of over 2.2 million shares.
• Analyst ratings show a mix of opinions, with Macquarie setting a price target of $52.00, while some analysts, including Wall Street Zen, have downgraded the stock to a "hold" rating.
• In its latest quarterly earnings, Luckin Coffee reported earnings per share of $0.64, significantly beating estimates, although its revenue fell short of consensus expectations.

Luckin Coffee Inc. Sponsored ADR (OTCMKTS:LKNCY - Get Free Report)'s share price reached a new 52-week high during trading on Thursday . The company traded as high as $43.64 and last traded at $42.60, with a volume of 2203316 shares. The stock had previously closed at $43.03.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. Macquarie set a $52.00 price target on shares of Luckin Coffee in a report on Friday, September 5th. Wall Street Zen cut shares of Luckin Coffee from a "buy" rating to a "hold" rating in a research note on Friday, August 8th. Finally, Dbs Bank upgraded shares of Luckin Coffee to a "moderate buy" rating in a research report on Thursday, August 14th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat, Luckin Coffee currently has an average rating of "Buy" and a consensus price target of $52.00.

Luckin Coffee Stock Down 0.6%

The business's 50 day moving average is $38.17 and its two-hundred day moving average is $35.54. The firm has a market cap of $12.02 billion, a P/E ratio of 24.07 and a beta of -0.41.

Luckin Coffee (OTCMKTS:LKNCY - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The company reported $0.64 earnings per share for the quarter, beating the consensus estimate of $0.07 by $0.57. Luckin Coffee had a net margin of 9.59% and a return on equity of 36.80%. The firm had revenue of $1.72 billion during the quarter, compared to the consensus estimate of $1.82 billion.

About Luckin Coffee

Luckin Coffee Inc offers retail services of freshly brewed drinks, and pre-made food and beverage items in the People's Republic of China. It offers hot and iced freshly brewed coffee, such as Americano, Latte, Cappuccino, Macchiato, Flat White, and Mocha, as well as specialty coffee based on market and seasonal trends; coconut milk latte products; tea drinks; pre-made beverages; and pre-made food items, such as pastries, sandwiches, and snacks.

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