Luckin Coffee (OTCMKTS:LKNCY – Get Free Report) is projected to announce its results before the market opens on Tuesday, November 3rd. Analysts expect the company to announce earnings of $0.8260 per share and revenue of $2.72 billion for the quarter.
Luckin Coffee Trading Up 3.9%
OTCMKTS:LKNCY traded up $1.22 on Monday, hitting $32.14. 270,923 shares of the stock were exchanged, compared to its average volume of 1,388,491. The stock has a fifty day moving average of $33.78 and a 200-day moving average of $33.49. The stock has a market cap of $9.22 billion, a PE ratio of 19.13, a PEG ratio of 0.44 and a beta of -0.32. Luckin Coffee has a fifty-two week low of $27.22 and a fifty-two week high of $40.80.
Analyst Ratings Changes
Several equities research analysts have issued reports on LKNCY shares. Zacks Research downgraded shares of Luckin Coffee from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 5th. BNP Paribas Exane upgraded Luckin Coffee to an “outperform” rating and set a $48.00 price objective on the stock in a research note on Tuesday, September 15th. Two equities research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $46.87.
Check Out Our Latest Stock Report on LKNCY
About Luckin Coffee
Luckin Coffee Inc is a China-based coffeehouse operator that sells freshly prepared coffee, tea-based beverages, fruit drinks and light food. Its menu includes espresso-based drinks, cold beverages, snacks and seasonal products, with orders placed primarily through its mobile application and fulfilled through company-operated locations and delivery or pickup services.
Founded in 2017, Luckin Coffee built its business around a technology-focused, convenience-oriented model that emphasizes mobile ordering, digitally managed stores and delivery.
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