PENGARUH PROFITABILITAS, LIKUIDITAS, DAN NILAI TUKAR TERHADAP HARGA SAHAM PERUSAHAAN FOOD AND BEVERAGE YANG TERDAFTAR DI BURSA EFEK INDONESIA

Abstract

This research aimed to analyze the effect of profitability, liquidity, and exchange rate on the stock price of Food and
Beverage companies listed on the Indonesia Stock Exchange (IDX) in the periods of 2017-2021. The data collection
technique used purposive sampling. In line with that, there were 10 Food and Beverage companies as the sample.
Furthermore, the data were secondary in the form of financial statements of Food and Beverage companies.
Moreover, the data analysis technique used multiple linear regression analysis with SPSS (Statistical Product and
Service Solution) 27 version. The research result indicated that profitability which was measured by Net Profit
Margin (NPM) had a positive and significant effect on stock price. It meant that the increase and decrease in
profitability affected the stock price. However, liquidity which was measured by Current Ratio (CR) had a negative
and insignificant effect on the stock price. In other words, the incline or decline of liquidity did not cause a greater
change in the stock price. In contrast, the exchange rate had a positive and significant on the stock price. This
meant that the incline or decline of the exchange rate had a meaningful effect on the stock price.