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

Luckin Coffee Inc. Sponsored ADR (OTCMKTS:LKNCY) shares reached a new 52-week high during trading on Friday . The company traded as high as $40.00 and last traded at $39.97, with a volume of 2252548 shares trading hands. The stock had previously closed at $39.48.

Wall Street Analyst Weigh In

A number of research firms recently commented on LKNCY. Wall Street Zen cut Luckin Coffee from a “buy” rating to a “hold” rating in a research note on Friday, August 8th. Macquarie set a $52.00 price objective on Luckin Coffee in a report on Friday, September 5th. Finally, Dbs Bank upgraded 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, Luckin Coffee has an average rating of “Buy” and a consensus target price of $52.00.

Luckin Coffee Stock Performance

The firm has a market cap of $11.60 billion, a PE ratio of 23.23 and a beta of -0.41. The company’s 50-day simple moving average is $37.93 and its two-hundred day simple moving average is $35.37.

Luckin Coffee (OTCMKTS:LKNCY) last issued its quarterly earnings data on Wednesday, July 30th. The company reported $0.64 earnings per share for the quarter, topping analysts’ consensus estimates of $0.07 by $0.57. Luckin Coffee had a return on equity of 36.80% and a net margin of 9.59%.The firm had revenue of $1.72 billion for the quarter, compared to analyst estimates of $1.82 billion.

Luckin Coffee Company Profile

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.