Luckin Coffee (OTCMKTS:LKNCY) Shares Up 1.4% - Still a Buy?

Key Points

• Luckin Coffee shares increased by 1.4%, closing at $38.55, despite a 31% decrease in trading volume compared to the average daily volume.
• Analysts have varied opinions on Luckin Coffee, with Macquarie setting a price target of $52.00, while Wall Street Zen downgraded it from a "buy" to a "hold" rating.
• In its most recent earnings report, Luckin Coffee beat analyst expectations with $0.64 earnings per share, although revenue fell short of projections at $1.72 billion.

Luckin Coffee Inc. Sponsored ADR (OTCMKTS:LKNCY - Get Free Report) was up 1.4% during trading on Wednesday . The stock traded as high as $38.65 and last traded at $38.55. Approximately 1,240,144 shares traded hands during mid-day trading, a decline of 31% from the average daily volume of 1,790,491 shares. The stock had previously closed at $38.01.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on LKNCY shares. Macquarie set a $52.00 price objective on Luckin Coffee in a research 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 equities research analyst has rated the stock with a Buy rating, According to MarketBeat, the company currently has a consensus rating of "Buy" and a consensus price target of $52.00.

Luckin Coffee Stock Up 1.4%

The firm has a 50-day moving average of $37.78 and a 200 day moving average of $35.29. The stock has a market capitalization of $10.94 billion, a P/E ratio of 21.90 and a beta of -0.41.

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

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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