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Starbucks(SBUX - Get Report) is a roaster and retailer of specialty coffee in the world, operating in more than 50 countries. This stock is trading down 0.79% to $44.71 in recent trading after hitting a 52-week high of $45.45 earlier today.
Today's Range: $44.56-$45.45
52-Week Range: $30.75-$45.15
Volume: 1.9 million
Three-Month Average Volume: 6.9 million
Starbucks has a market cap of $33.24 billion and an enterprise value of $32.09. This stock trades at a trailing price-to-earnings of 27.54 and a forward price-to-earnings of 20.09. Its estimated revenue growth for this year is 20.40%, and for next year it's pegged at 21.3%. The current short interest as a percentage of the float for Starbucks is very low at 1.4%.
From a technical standpoint, SBUX flirted with a major breakout earlier in the trading session after the stock traded above some near-term overhead resistance at $45. Since hitting $45.45, SBUX has pulled back under the breakout level at around $44.70. If SBUX fails to sustain a move and close back above $45 on high-volume, then this stock could be setting up to trade lower.
Volume so far today is extremely light, so that intraday breakout looks to be setting up to fail. That would only change if SBUX can start to see better volume and a sustained move back above $45.
Starbucks, which shows up on a recent list of
5 Large-Caps Flirting With 52-Week Highs, was also highlighted in "
5 Rocket Stocks Poised for Gains."