Luckin Coffee (OTCMKTS:LKNCY) Shares Down 2% – What’s Next?

Luckin Coffee Inc. Sponsored ADR (OTCMKTS:LKNCY) fell 2% during trading on Tuesday . The stock traded as low as $32.25 and last traded at $32.35. 2,217,906 shares changed hands during trading, an increase of 42% from the average session volume of 1,566,502 shares. The stock had previously closed at $33.02.

Analysts Set New Price Targets

Separately, Zacks Research upgraded Luckin Coffee to a “hold” rating in a report on Thursday, November 20th. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, Luckin Coffee presently has a consensus rating of “Moderate Buy” and an average price target of $52.00.

Luckin Coffee Stock Down 2.0%

The firm has a 50-day moving average of $34.79 and a two-hundred day moving average of $37.15. The stock has a market capitalization of $9.18 billion, a price-to-earnings ratio of 18.38 and a beta of -0.46.

Luckin Coffee (OTCMKTS:LKNCY) last released its earnings results on Monday, November 17th. The company reported $0.64 earnings per share for the quarter, missing the consensus estimate of $0.65 by ($0.01). The business had revenue of $2.15 billion for the quarter, compared to analysts’ expectations of $1.94 billion. Luckin Coffee had a net margin of 8.45% and a return on equity of 33.69%.

Luckin Coffee Company Profile

Luckin Coffee Inc is a China-based coffeehouse chain that combines a digitally driven ordering platform with a network of physical outlets. The company’s mobile app and in-store kiosks enable customers to place orders for takeaway or delivery, while its proprietary supply chain supports rapid store expansion and consistent product quality. Luckin’s retail portfolio includes “grab-and-go” pickup points, delivery-only kitchens and full-service cafés designed to meet the varied needs of urban consumers.

Luckin’s menu features a broad range of espresso-based drinks, including lattes, Americanos and cold brews, complemented by tea-based beverages, fruit juices and a selection of light food items such as sandwiches and pastries.