Is Starbucks Stock a Good Buy for the Investors Right Now?
Starbucks is a worldwide acclaimed coffee giant and is currently in the process of recovering itself from the losses that it had to suffer due to the ongoing coronavirus pandemic. Without a doubt, at one point in time, the coronavirus pandemic had brought the world to a standstill. This majorly affected so many sectors and the businesses that exist under them. Now, after the reopening of almost everything once again, these companies are trying to get back on their track, recover their losses quickly, and become profitable once again. The food industry had to withstand the imposition of the lockdowns and curfews wherein for some time, these food and beverage giants stopped completely. Even after these have got reopened, the fear of the virus has not got over yet and that is why the sales are still less. Analyzing the stock of Starbucks Corporation (NASDAQ: SBUX) statistically: 52 Week Range: $50.02 - $106.09 Average Volume: 6,541,836 Market Capital: $122.03B Forward Dividend and Yield: 80 (1.76%) Starbucks Stock and the Losses The year 2020, as mentioned above, has thoroughly been a year of losses for the first half at least and after that, the year of recovery of the losses incurred in the first half. Starbucks’ business also stopped when the lockdowns were imposed and now the recovery process is going on. The company says that they are recovering quite quickly and the recovery is faster than it was expected to be. The earnings for the fourth quarter have come out…