Costco Wholesale Corporation [NASDAQ: COST] plunged by -$27.11 during the normal trading session on Thursday and reaching a high of $542.34 during the day while it closed the day at $517.32.
Costco Wholesale Corporation stock has also loss -7.95% of its value over the past 7 days. However, COST stock has declined by -0.85% in the 3 months of the year. Over the past six months meanwhile, it has gained 2.98% and lost -8.87% year-on date.
The market cap for COST stock reached $242.34 billion, with 443.62 million shares outstanding and 442.31 million shares in the current float. Compared to the average trading volume of 2.45M shares, COST reached a trading volume of 3971670 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say about Costco Wholesale Corporation [COST]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for COST shares is $593.36 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on COST stock is a recommendation set at 2.20. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Truist have made an estimate for Costco Wholesale Corporation shares, keeping their opinion on the stock as Buy, with their previous recommendation back on March 04, 2022. While these analysts kept the previous recommendation, Telsey Advisory Group raised their target price from $610 to $615. The new note on the price target was released on March 04, 2022, representing the official price target for Costco Wholesale Corporation stock. Previously, the target price had yet another raise from $560 to $565, while Evercore ISI kept a Outperform rating on COST stock. On March 04, 2022, analysts increased their price target for COST shares from 560 to 580.
The Average True Range (ATR) for Costco Wholesale Corporation is set at 17.11, with the Price to Sales ratio for COST stock in the period of the last 12 months amounting to 1.15. The Price to Book ratio for the last quarter was 11.82, with the Price to Cash per share for the same quarter was set at 26.25. Price to Free Cash Flow for COST in the course of the last twelve months was 51.85 with Quick ratio for the last quarter at 0.50.
COST stock trade performance evaluation
Costco Wholesale Corporation [COST] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -7.95. With this latest performance, COST shares dropped by -10.08% in over the last four-week period, additionally plugging by 2.98% over the last 6 months – not to mention a rise of 35.16% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for COST stock in for the last two-week period is set at 34.87, with the RSI for the last a single of trading hit 30.27, and the three-weeks RSI is set at 38.93 for Costco Wholesale Corporation [COST]. The present Moving Average for the last 50 days of trading for this stock 555.72, while it was recorded at 530.10 for the last single week of trading, and 507.20 for the last 200 days.
Costco Wholesale Corporation [COST]: An insightful look at the core fundamentals
Costco Wholesale Corporation’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.50 and a Current Ratio set at 1.00.
Earnings per share (EPS) analysis for Costco Wholesale Corporation [COST] stock
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for COST. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Costco Wholesale Corporation go to 11.68%.
Costco Wholesale Corporation [COST]: Insider Ownership positions
There are presently around $163,549 million, or 69.00% of COST stock, in the hands of institutional investors. The top three institutional holders of COST stocks are: VANGUARD GROUP INC with ownership of 37,561,255, which is approximately 0.603% of the company’s market cap and around 0.10% of the total institutional ownership; BLACKROCK INC., holding 31,078,322 shares of the stock with an approximate value of $16.92 billion in COST stocks shares; and STATE STREET CORP, currently with $9.96 billion in COST stock with ownership of nearly 10.226% of the company’s market capitalization.
Positions in Costco Wholesale Corporation stocks held by institutional investors increased at the end of March and at the time of the March reporting period, where 1,354 institutional holders increased their position in Costco Wholesale Corporation [NASDAQ:COST] by around 10,390,595 shares. Additionally, 1,154 investors decreased positions by around 10,825,065 shares, while 396 investors held positions by with 279,188,873 shares. The mentioned changes placed institutional holdings at 300,404,533 shares, according to the latest SEC report filing. COST stock had 276 new institutional investments in for a total of 1,495,863 shares, while 90 institutional investors sold positions of 788,254 shares during the same period.