Luckin Coffee Inc - ADR (LK) stock is up 11.16% while the S&P 500 is up 0.96% as of 3:20 PM on Wednesday, Jun 3. Until the Goldman situation gets resolved, though, those wanting to buy or sell Luckin Coffee shares might have to keep waiting. InvestorsObserver’s proprietary ranking system, gives LK stock a score of 0 out of a possible 100. Despite that, it's important to take a step back and evaluate what has happened, how the company has handled it, and where it might go next. The advice is provided from LK Old buy-and-hold perspective. All Rights Reserved. Portions of this content protected by US Patent numbers 7,865,496, 7,856,390, and 7,716,116. Find out what this means to you and get the rest of the rankings on LK! Luckin Coffee Inc - ADR (LK) stock is up 11.16% while the S&P 500 is up 0.96% as of 3:20 PM on Wednesday, Jun 3. LK: Get the latest Luckin Coffee stock price and detailed information including LK news, historical charts and realtime prices. Let's conquer your financial goals together...faster. Is Dixie Group Inc (DXYN) Stock a Great Value. Daniel B. Kline is an accomplished writer and editor who has worked for Microsoft on its Finance app and The Boston Globe, where he wrote for the paper and ran the business desk. Returns as of 11/29/2020. Current shareholders cannot sell their LK stock. @themotleyfool #stocks $LKNC.Y $SBUX, Luckin Coffee and Affiliates Slapped With Fines by Chinese Regulator, Surprise! LK is up $0.26 from the previous closing price of $2.33 on volume of 46,815,943 shares. Macroaxis provides LK Old buy-hold-or-sell recommendation only in the context of selected investment horizon and investor attitude towards risk assumed by holding LK Old positions. His latest book, "Worst Ideas Ever," (Skyhorse) can be purchased at bookstores everywhere. Luckin Coffee Inc - ADR (LK) stock has fallen -86.91% over the last 12 months, and the average rating from Wall Street analysts is a Buy. LK is up $0.26 from the previous closing price of $2.33 on volume of 46,815,943 shares. Click Here to get the full Stock Score Report on Luckin Coffee Inc - ADR (LK) Stock. Copyright © 2020. At the time, the company reaffirmed its numbers. Market data powered by FactSet and Web Financial Group. It's disturbing news from a company that has spent heavily to battle Starbucks (NASDAQ:SBUX) in China. Stock Advisor launched in February of 2002. According to present data Luckin Coffee's LK shares and potentially its market environment have been in bearish cycle last 12 months (if exists). Image source: Getty Images. Luckin has launched an investigation. Luckin also acknowledged that "certain costs and expenses were also substantially inflated by fabricated transactions during this period.". Cumulative Growth of a $10,000 Investment in Stock Advisor, Should I Buy Luckin Coffee Stock? It's to come to that conclusion about Luckin (OTC:LKNC.Y) a fast-growing coffee chain in China that has admitted that its COO fabricated sales by about $310 million. Now, Luckin has done the opposite: Investors should no longer rely upon the company's previous financial statements and earning releases for the nine months ended September 30, 2019 and the two quarters starting April 1, 2019 and ended September 30, 2019, including the prior guidance on net revenues from products for the fourth quarter of 2019, and other communications relating to these consolidated financial statements. It has admitted that "the information identified at this preliminary stage of the Internal Investigation indicates that the aggregate sales amount associated with the fabricated transactions from the second quarter of 2019 to the fourth quarter of 2019 amount to around RMB2.2 billion ($310 million)," according to a press release. Unusual Options Activity: Big Ratio Spread on GPS. When a company gets hit by a scandal and its stock plummets, your first instinct may be to sell and cut your losses. Where Does Franchise Group Inc (FRG) Stock Fall in the Personal Services Field? Portions of this content may be copyrighted by Fresh Brewed Media, Investors Observer, and/or O2 Media LLC. It's worth noting that Luckin issued a vehement denial in February when a report was issued by what it called "a short seller who may benefit from this meritless report," that accused the company of many things it's now admitting happened. That's clearly bad news, and it's possible the numbers or the deception will be worse but that does not mean you should sell your shares in the company. In reality, if you believed in the company's business model you should wait for all the data -- including the report by the special committee as well as any audits. The investigation is ongoing and the Company will continue to assess its previously published financials and other potential adjustments. LK has an Overall Score of 0. When a company gets hit by a scandal and its stock plummets, your first instinct may be to sell and cut your losses. That rank is influenced by a short-term technical score of 0. Selling any stock when it drops 80% or more hurts but if you no longer believe in the company it might be the right move. Is Deckers Outdoor Corp (DECK) the Top Pick in the Footwear & Accessories Industry? Luckin has been investing heavily in growth and losing money in an attempt to take market share from Starbucks (or win new customers before its big rival). Lifetime Brands Inc (LCUT) Is the Top Stock in the Furnishings, Fixtures & Appliances Industry? The coffee company also said that the numbers it's now reporting have not been verified by its newly appointed special committee to investigate this issue, its advisors, or its independent auditor. The advice algorithm takes into account all of LK Old available fundamental, technical, and predictive indicators you will find on this site. Investing in stocks, bonds, option and other financial instruments involve risks and may not be suitable for everyone. The fundamental score for LK is 0. Motley Fool Returns Stock Advisor S&P 500 This was always a long-term play. Over the past year the S&P 500 has risen 10.95% while LK has fallen -86.91%. This means analysts expect the stock to increase 1444.40% over the next 12 months. Stock Price data may be delayed up to 15 minutes. Portfolio results are unaudited and based on varying investment expiration dates. Terms of Service | Privacy Policy, Wednesday, June 3, 2020 3:24 PM | InvestorsObserver Analysts. Over the past year the S&P 500 has risen 10.95% while LK has fallen -86.91%. In addition to the average rating from Wall Street analysts, LK stock has a mean target price of 40. Or any potential would-be buyers cannot buy into the share price. Wall Street Stock Market & Finance report, prediction for the future: You'll find the Luckin Coffee share forecasts, stock quote and buy / sell signals below. Should JD.Com Inc (JD) Stock Be in Your Portfolio? In this case, as an investor, you don't know if Luckin just faces a longer road to success or if this means it won't succeed. Friday, November 27, 2020, 8:04 AM | InvestorsObserver Analysts, Wednesday, November 25, 2020, 12:52 PM | Bobby Raines, Wednesday, November 25, 2020, 12:03 PM | InvestorsObserver Analysts. See you at the top! ET ... Real-time last sale data for U.S. stock … Wait until you see the real numbers and then decide whether the road just got longer or the company drive into a brick wall it won't recover from.
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