Investing in stocks, bonds, option and other financial instruments involve risks and may not be suitable for everyone. Terms of Service | Privacy Policy, Wednesday, June 3, 2020 3:24 PM | InvestorsObserver Analysts. His latest book, "Worst Ideas Ever," (Skyhorse) can be purchased at bookstores everywhere. The investigation is ongoing and the Company will continue to assess its previously published financials and other potential adjustments. Over the past year the S&P 500 has risen 10.95% while LK has fallen -86.91%. LK | A complete LK overview by MarketWatch. 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. Portions of this content protected by US Patent numbers 7,865,496, 7,856,390, and 7,716,116. 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. 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. LK has an Overall Score of 0. The advice is provided from LK Old buy-and-hold perspective. Click Here to get the full Stock Score Report on Luckin Coffee Inc - ADR (LK) Stock. 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. InvestorsObserver’s proprietary ranking system, gives LK stock a score of 0 out of a possible 100. Portfolio results are unaudited and based on varying investment expiration dates. This means analysts expect the stock to increase 1444.40% over the next 12 months. 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. The Ascent is The Motley Fool's new personal finance brand devoted to helping you live a richer life. Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services. @themotleyfool #stocks $LKNC.Y $SBUX, Luckin Coffee and Affiliates Slapped With Fines by Chinese Regulator, Surprise! Portions of this content may be copyrighted by Fresh Brewed Media, Investors Observer, and/or O2 Media LLC. Image source: Getty Images. Luckin Coffee Stock Has Quietly Doubled Since Its Delisting, Don't Be Fooled: Luckin Coffee's Chairman Is Still in Control After "Ousting", Copyright, Trademark and Patent Information. 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? Until the Goldman situation gets resolved, though, those wanting to buy or sell Luckin Coffee shares might have to keep waiting. Find out what this means to you and get the rest of the rankings on LK! Cumulative Growth of a $10,000 Investment in Stock Advisor, Should I Buy Luckin Coffee Stock? Market data powered by FactSet and Web Financial Group. 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. LK lost -$2.25 per share in the over the last 12 months. Is Deckers Outdoor Corp (DECK) the Top Pick in the Footwear & Accessories Industry? 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. As an investor, you want to buy stocks with the highest probability of success. 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. LK is up $0.26 from the previous closing price of $2.33 on volume of 46,815,943 shares. LK is up $0.26 from the previous closing price of $2.33 on volume of 46,815,943 shares. Copyright © 2020. Lifetime Brands Inc (LCUT) Is the Top Stock in the Furnishings, Fixtures & Appliances Industry? All Rights Reserved. Stock Price data may be delayed up to 15 minutes. Returns as of 11/29/2020. Please don't buy on the dip but be careful about selling. When a company gets hit by a scandal and its stock plummets, your first instinct may be to sell and cut your losses. Or any potential would-be buyers cannot buy into the share price. 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. 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. It's to come to that conclusion about Luckin (OTC:LKNC.Y) a … ET ... Real-time last sale data for U.S. stock … That rank is influenced by a short-term technical score of 0. See you at the top! The fundamental score for LK is 0. LK's rank also includes a long-term technical score of 0. 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. At the time, the company reaffirmed its numbers. The advice algorithm takes into account all of LK Old available fundamental, technical, and predictive indicators you will find on this site. 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. It's disturbing news from a company that has spent heavily to battle Starbucks (NASDAQ:SBUX) in China. 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.