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

Luckin Coffee Inc. Sponsored ADR (OTCMKTS:LKNCY)’s share price gapped down before the market opened on Thursday . The stock had previously closed at $35.00, but opened at $34.03. Luckin Coffee shares last traded at $34.80, with a volume of 94,453 shares changing hands.

Analysts Set New Price Targets

Several analysts recently commented on LKNCY shares. Macquarie set a $52.00 price target on Luckin Coffee in a research report on Friday, September 5th. Zacks Research raised shares of 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 issued a Hold rating to the stock. According to MarketBeat.com, Luckin Coffee presently has an average rating of “Moderate Buy” and a consensus price target of $52.00.

Luckin Coffee Stock Performance

The firm’s 50-day moving average price is $37.76 and its two-hundred day moving average price is $37.58. The stock has a market cap of $9.68 billion, a price-to-earnings ratio of 19.39 and a beta of -0.28.

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

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.