Luckin Coffee News: LKNCY Stock Shoots 125%+ Higher After SEC Settlement

Luckin Coffee News: LKNCY Stock Shoots 125%+ Higher After SEC Settlement

Luckin Coffee (LKNCY) is in the news Monday after settling a dispute with the SEC caused shares of LKNCY stock to soar higher. Stocks pulled back from recent gains Monday, as Wall Street turned cautious following news about a new, potentially more infectious strain of the coronavirus News Corporation (NASDAQ:NWSA) News Corporation (NASDAQ:NWSA) closed at $17.65 on the last trading session with an increase of 1.73%, whereas, it previously

Luckin Coffee (OTCMKTS:LKNCY) is in the news Monday after settling a dispute with the U.S. Securities and Exchange Commission caused shares of LKNCY stock to soar higher.

Luckin (LKNCY) logo on the wall of a coffee shop with a customer sitting at a table below it.

Luckin Coffee reached a settlement with the SEC last week that has it paying a $180 million fine to the agency. This is in connection to more than $300 million in fraudulent sales reported by the company earlier this year.

It’s worth noting that Luckin Coffee’s balance sheet has survived its tussle with the SEC. That’s likely due to it raising more than $864 million from debt and equity investors during the period when the fraudulent activity was taking place, reports Seeking Alpha.

With the SEC business cleared up, investors are taking an interest in LKNCY stock again. As of this writing, some 5 million shares of the stock have changed hands. For some perspective, the company’s daily average trading volume is 4.66 million shares.

LKNCY stock was up 5.1% as of Monday morning and is up 162% since news of its SEC settlement broke.

On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article.

  • Learn a Lesson From Luckin Coffee — and Avoid It in the Process
  • Without Transparency Luckin Cofee Stock Is Not Viable
  • 7 Stocks To Sell For A Fresh Start On New Year’s Day
  • SEC Settlement Clears the Way for Luckin Stock to Soar to $20
  • LKNCY Stock: Why Luckin Coffee Gains Are Brewing on Thursday
  • Luckin Coffee Stock Is Just Not a Viable Bet Anymore
  • Luckin to Feel the Heat as Competition Intensifies
  • Avoid Luckin Coffee Stock Because Trust Still Matters
  • Luckin Shares Are Poised to Move Higher in the Nearer Term
  • Disgraced Luckin Coffee Should Still Be Avoided
  • Article printed from InvestorPlace Media, https://investorplace.com/2020/12/luckin-coffee-news-lkncy-stock-shoots-125-higher-after-sec-settlement/.

    ©2020 InvestorPlace Media, LLC

    Source: investorplace.com

    Author: By

    William White, InvestorPlace Writer


    How major US stock indexes fared Monday

    How major US stock indexes fared Monday

    Stocks pulled back from recent gains Monday, as Wall Street turned cautious following news about a new, potentially more infectious strain of the coronavirus

    Three-fourths of the companies in the S&P 500 closed lower, with health care and communication services absorbing much of the decline. Financial and technology companies kept the losses in check.

    Treasury yields mostly fell, a sign that investors are worried about the economy. Crude oil prices fell on worries about disappearing demand.

    On Monday:

    The S&P 500 index fell 14.49 points, or 0.4%, to 3,694.92.

    The Dow Jones Industrial Average rose 37.40 points, or 0.1%, to 30,216.45.

    The Nasdaq composite slipped 13.12 points, or 0.1%, to 12,742.52.

    The Russell 2000 index of smaller companies gained 0.34 points, or less than 0.1%, to 1,970.33.

    For the year:

    The S&P 500 is up 464.14 points, or 14.4%.

    The Dow is up 1,678.01 points, or 5.9%.

    The Nasdaq is up 3,769.91 points, 42%.

    The Russell 2000 is up 301.86 points, or 18.1%.

    ABC News

    Source: abcnews.go.com

    Author: ABC News


    Comparing the Top Two: News Corporation (NASDAQ:NWSA), MFA Financial, Inc. (NYSE:MFA)

    Comparing the Top Two: News Corporation (NASDAQ:NWSA), MFA Financial, Inc. (NYSE:MFA)

    News Corporation (NASDAQ:NWSA)

    News Corporation (NASDAQ:NWSA) closed at $17.65 on the last trading session with an increase of 1.73%, whereas, it previously closed at $17.35. The company has a market capitalization of $10.62 Billion. The company traded shares of 3.91 Million on the trading day while its three month average volume stands at 2.58 Million.

    Now to discuss some of the Earning per Share estimates and growth estimates, shares of News Corporation (NASDAQ:NWSA) produced diluted EPS of -1.71. The EPS estimate for next year as estimated by analysts is at 0.46 while EPS for next quarter is estimated at 0.1. Earnings per Share growth for this year is reported at -918.7, while the analysts estimated the EPS growth for next year at 0.46% and Earnings growth for next 5 years stands at 51.7% as estimated by the analysts. While Annual EPS Growth rate for past five years as reported by the company is at -44.2%.

    Some important ratios are also vital to discuss the performance of the company and its shares. The P/E or Price to Earnings ratio of News Corporation (NASDAQ:NWSA) is at 0 while the forward p/e is at 38.2. The P/S or Price to Sales ratio of News Corporation (NASDAQ:NWSA) stands at 1.21 and Price to Book or P/B for the most recent quarter stands at 1.36. The Price to Free Cash Flow ratio or P/FCF is reported at 31.41. The quick ratio and the current ratio of News Corporation (NASDAQ:NWSA) are reported at 1.2 and 1.3 respectively. The Return on Assets ROA, Return On Earnings ROE and ROI Return On Investment for News Corporation (NASDAQ:NWSA) stands at -6.8, -12.6 and -17.5 respectively

    The trailing twelve month Revenue of News Corporation (NASDAQ:NWSA) is reported at 8.79 Billion with income of -1008000000. The outstanding shares of News Corporation (NASDAQ:NWSA) are 589.5 Million. The institutional Ownership of the shares of 96.9 stands at 0.80%, this figure is decreased -0.57 in the last six months. The insider ownership for the shares of News Corporation (NASDAQ:NWSA) is ticked at 0.59%, the figure is rose 0% in the last six months.

    Some other important financial aspects to be discussed here for News Corporation (NASDAQ:NWSA) is the Mean Target Price estimated by the analysts which stands at 17.94. The 52 week high of News Corporation (NASDAQ:NWSA) is placed at 18.70 and 52 week low is standing at 7.90.

    Performance wise the shares of News Corporation (NASDAQ:NWSA) fell down -0.56% for the week, it also rise 0.57% for the monthly performance, while for the quarter it went down 19.74%. The shares increase 47.08% for the half year and flew up for the Year-To-Date performance. The shares of News Corporation (NASDAQ:NWSA) grew 26.52% for the yearly performance.

    MFA Financial, Inc. (NYSE:MFA)

    MFA Financial, Inc. (NYSE:MFA) closed at $3.86 on the last trading session with an decrease of -0.52%, whereas, it previously closed at $3.88. The company has a market capitalization of $1.8 Billion. The company traded shares of 4.78 Million on the trading day while its three month average volume stands at 5.81 Million.

    Now to discuss some of the Earning per Share estimates and growth estimates, shares of MFA Financial, Inc. (NYSE:MFA) produced diluted EPS of -1.45. The EPS estimate for next year as estimated by analysts is at 0.3 while EPS for next quarter is estimated at 0.07. Earnings per Share growth for this year is reported at 16.2, while the analysts estimated the EPS growth for next year at 0.3% and Earnings growth for next 5 years stands at 0% as estimated by the analysts. While Annual EPS Growth rate for past five years as reported by the company is at -0.3%.

    Some important ratios are also vital to discuss the performance of the company and its shares. The P/E or Price to Earnings ratio of MFA Financial, Inc. (NYSE:MFA) is at 0 while the forward p/e is at 12.74. The P/S or Price to Sales ratio of MFA Financial, Inc. (NYSE:MFA) stands at 6.1 and Price to Book or P/B for the most recent quarter stands at 0.68. The Price to Free Cash Flow ratio or P/FCF is reported at 0. The quick ratio and the current ratio of MFA Financial, Inc. (NYSE:MFA) are reported at 0 and 0 respectively. The Return on Assets ROA, Return On Earnings ROE and ROI Return On Investment for MFA Financial, Inc. (NYSE:MFA) stands at -16.7, -60.9 and 2.8 respectively

    The trailing twelve month Revenue of MFA Financial, Inc. (NYSE:MFA) is reported at 294.9 Million with income of -650300000. The outstanding shares of MFA Financial, Inc. (NYSE:MFA) are 453.32 Million. The institutional Ownership of the shares of 60 stands at 0.80%, this figure is increased 3.29 in the last six months. The insider ownership for the shares of MFA Financial, Inc. (NYSE:MFA) is ticked at 0.59%, the figure is rose 1.38% in the last six months.

    Some other important financial aspects to be discussed here for MFA Financial, Inc. (NYSE:MFA) is the Mean Target Price estimated by the analysts which stands at 3.85. The 52 week high of MFA Financial, Inc. (NYSE:MFA) is placed at 8.09 and 52 week low is standing at 0.32.

    Performance wise the shares of MFA Financial, Inc. (NYSE:MFA) rose up 0.78% for the week, it also rise 7.82% for the monthly performance, while for the quarter it went down 38.85%. The shares increase 54.4% for the half year and plummeted for the Year-To-Date performance. The shares of MFA Financial, Inc. (NYSE:MFA) shrinked -51.2% for the yearly performance.

    Source: factsreporter.com


    Luckin Coffee News: LKNCY Stock Shoots 125%+ Higher After SEC Settlement

    Leave a Comment