On Tuesday, Costco Wholesale Corp (NASDAQ: COST) opened lower -1.17% from the last session, before settling in for the closing price of $907.87. Price fluctuations for COST have ranged from $528.22 to $923.83 over the past 52 weeks.
Here's Your FREE Report on the #1 Small-Cap Uranium Stock of '24.
Small-cap Uranium stocks are booming in 2024! The company we're about to show you is the ONLY small-cap stock in the space that benefits from ALL aspects of the global Uranium industry with none of the risks of running a mine. Smart investors will not be hesitating on this one!
Get the FREE Report with all the details here.
Sponsored
Annual sales at Consumer Defensive sector company grew by 12.32% over the past five years. Company’s average yearly earnings per share was noted 14.55% at the time writing. With a float of $442.35 million, this company’s outstanding shares have now reached $442.79 million.
Let’s look at the performance matrix of the company that is accounted for 316000 employees. In terms of profitability, gross margin is 12.5%, operating margin of 3.56%, and the pretax margin is 3.78%.
Costco Wholesale Corp (COST) Insider Updates
A key investor’s attitude towards the stock of the Discount Stores industry is another important factor to consider. The insider ownership of Costco Wholesale Corp is 0.22%, while institutional ownership is 69.51%. The most recent insider transaction that took place on Jul 25 ’24, was worth 3,330. In this transaction Executive Vice President of this company sold 4 shares at a rate of $832.55, taking the stock ownership to the 4,935 shares. Before that another transaction happened on Aug 15 ’24, when Company’s Executive Vice President sold 500 for $874.05, making the entire transaction worth $437,025. This insider now owns 22,900 shares in total.
Costco Wholesale Corp (COST) Performance Highlights and Predictions
If we go through the results of last quarter, which was made public on 5/31/2024, the company posted 4.86 earnings per share (EPS) for the quarter, besting the agreed prediction (set at 4.79) by 0.07. Wall Street market experts anticipate that the next fiscal year will bring earnings of 3.85 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 14.55% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 9.67% during the next five years compared to 14.83% growth over the previous five years of trading.
Costco Wholesale Corp (NASDAQ: COST) Trading Performance Indicators
Check out the current performance indicators for Costco Wholesale Corp (COST). In the past quarter, the stock posted a quick ratio of 0.45. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.57. Likewise, its price to free cash flow for the trailing twelve months is 53.63.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 16.13, a number that is poised to hit 5.08 in the next quarter and is forecasted to reach 17.79 in one year’s time.
Technical Analysis of Costco Wholesale Corp (COST)
Costco Wholesale Corp (NASDAQ: COST) saw its 5-day average volume 1.61 million, a negative change from its year-to-date volume of 1.95 million. As of the previous 9 days, the stock’s Stochastic %D was 69.56%. Additionally, its Average True Range was 17.58.
During the past 100 days, Costco Wholesale Corp’s (COST) raw stochastic average was set at 87.32%, which indicates a significant increase from 51.82% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 19.64% in the past 14 days, which was higher than the 18.99% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $862.21, while its 200-day Moving Average is $767.91. Nevertheless, the first resistance level for the watch stands at $905.43 in the near term. At $913.59, the stock is likely to face the second major resistance level. The third major resistance level sits at $918.58. If the price goes on to break the first support level at $892.28, it is likely to go to the next support level at $887.29. Assuming the price breaks the second support level, the third support level stands at $879.13.
Costco Wholesale Corp (NASDAQ: COST) Key Stats
There are currently 443,335K shares outstanding in the company with a market cap of 397.79 billion. Presently, the company’s annual sales total 242,290 M according to its annual income of 6,292 M. Last quarter, the company’s sales amounted to 58,515 M and its income totaled 1,681 M.
