Investors absolutely love the forecast for Luckin Coffee Inc.(LKNCY)

people holding white mugs

Market Data

Luckin Coffee Inc.(LKNCY) is a stock of interest due to the large impact the company has on the market. Here at Wall Street Facts we only cover the best stocks so make sure you check out our other articles. Today we will be diving deep into all of the essential information you need to know about LKNCY. We will be studying the movement so you can make the best decision as an investor. The stock has moved downwards today by 3.69%. The high for today is 9.76 and today’s low is 9.10. This information is critical in deciding whether this investment is risky or not. We can see the stock is trending downwards, which means the volume of people selling this stock is greater than people buying it.

Company Description

Luckin Coffee, Inc. manufactures coffee and operates coffee retail stores. The firm’s new retail model is built upon mobile apps and store network. The Mobile Apps: Mobile apps cover the entire customer purchase process. The Store Network: Its pick-up stores have limited seating and are typically located in areas with high demand for coffee, such as office buildings, commercial areas and university campuses. It procures coffee machines and coffee condiments from renowned global suppliers such as Schaerer. The company was founded by Zhi Ya Qian in October 2017 and is headquartered in Fujian, China.

Stock Forecast

As an investor, you can get an idea of where the stock is trending by the forecast. In this case, the high forecast for Luckin Coffee Inc. is $21.00 and the low forecast is $17.00. Overall, Luckin Coffee Inc. is in great shape going forward. They have a strong market cap of $2.38B and a very bright future ahead of them.

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