Airbnb Inc. (NASDAQ: ABNB)’s stock price has increased by 5.64 compared to its previous closing price of 113.58. Despite this, the company has seen a gain of 0.13% in its stock price over the last five trading days.
Is It Worth Investing in Airbnb Inc. (NASDAQ: ABNB) Right Now?
Airbnb Inc. (NASDAQ: ABNB) has a price-to-earnings ratio that is above its average at 42.99x.
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The public float for ABNB is 383.24M, and at present, short sellers hold a 5.00% of that float. On March 17, 2023, the average trading volume of ABNB was 6.26M shares.
ABNB’s Market Performance
ABNB stock saw a decrease of 0.13% in the past week, with a monthly decline of -0.73% and a quarterly a decrease of 28.55%. The volatility ratio for the week is 4.10%, and the volatility levels for the last 30 days are 4.03% for Airbnb Inc. (ABNB). The simple moving average for the last 20 days is -3.64% for ABNB stock, with a simple moving average of 11.29% for the last 200 days.
Analysts’ Opinion of ABNB
Many brokerage firms have already submitted their reports for ABNB stocks, with Argus repeating the rating for ABNB by listing it as a “Buy.” The predicted price for ABNB in the upcoming period, according to Argus is $144 based on the research report published on February 28th of the current year 2023.
Wells Fargo, on the other hand, stated in their research note that they expect to see ABNB reach a price target of $165, previously predicting the price at $130. The rating they have provided for ABNB stocks is “Overweight” according to the report published on February 15th, 2023.
UBS gave a rating of “Neutral” to ABNB, setting the target price at $130 in the report published on February 15th of the current year.
ABNB Trading at 6.36% from the 50-Day Moving Average
After a stumble in the market that brought ABNB to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -33.00% of loss for the given period.
Volatility was left at 4.03%, however, over the last 30 days, the volatility rate increased by 4.10%, as shares sank -12.42% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +41.33% upper at present.
During the last 5 trading sessions, ABNB rose by +0.13%, which changed the moving average for the period of 200-days by -0.42% in comparison to the 20-day moving average, which settled at $123.67. In addition, Airbnb Inc. saw 40.34% in overturn over a single year, with a tendency to cut further gains.
Reports are indicating that there were more than several insider trading activities at ABNB starting from Gebbia Joseph, who sale 350,000 shares at the price of $117.22 back on Mar 14. After this action, Gebbia Joseph now owns 6,483,435 shares of Airbnb Inc., valued at $41,027,497 using the latest closing price.
Gebbia Joseph, the Director of Airbnb Inc., sale 54,256 shares at $125.00 during a trade that took place back on Mar 02, which means that Gebbia Joseph is holding 6,833,435 shares at $6,782,157 based on the most recent closing price.
Stock Fundamentals for ABNB
Equity return is now at value 35.90, with 11.10 for asset returns.
To sum up, Airbnb Inc. (ABNB) has seen a mixed performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.