Airbnb Inc (NASDAQ: ABNB) has a higher price-to-earnings ratio of 21.51x compared to its average ratio. ABNB has 36-month beta value of 1.25. Analysts have mixed views on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for ABNB is 414.91M, and currently, short sellers hold a 4.34% ratio of that float. The average trading volume of ABNB on April 16, 2024 was 4.87M shares.
ABNB) stock’s latest price update
The stock of Airbnb Inc (NASDAQ: ABNB) has decreased by -2.37 when compared to last closing price of 159.37. Despite this, the company has experienced a -2.91% fall in its stock price over the last five trading sessions. InvestorPlace reported 2024-04-12 that With pandemic-era travel restrictions behind us and an improving economic landscape ahead, travel stocks are adjusting to a new era of global travel. Consumer travel rates for air travel, hotel bookings and more are rising rapidly.
ABNB’s Market Performance
Airbnb Inc (ABNB) has seen a -2.91% fall in stock performance for the week, with a -6.51% decline in the past month and a 13.46% surge in the past quarter. The volatility ratio for the week is 3.22%, and the volatility levels for the past 30 days are at 2.36% for ABNB. The simple moving average for the past 20 days is -4.63% for ABNB’s stock, with a 10.95% simple moving average for the past 200 days.
Analysts’ Opinion of ABNB
Many brokerage firms have already submitted their reports for ABNB stocks, with The Benchmark Company repeating the rating for ABNB by listing it as a “Buy.” The predicted price for ABNB in the upcoming period, according to The Benchmark Company is $190 based on the research report published on April 11, 2024 of the current year 2024.
B. Riley Securities gave a rating of “Neutral” to ABNB, setting the target price at $150 in the report published on April 03rd of the current year.
ABNB Trading at -1.55% 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 -8.52% of loss for the given period.
Volatility was left at 2.36%, however, over the last 30 days, the volatility rate increased by 3.22%, as shares sank -3.14% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +6.22% upper at present.
During the last 5 trading sessions, ABNB fell by -2.91%, which changed the moving average for the period of 200-days by +21.91% in comparison to the 20-day moving average, which settled at $162.91. In addition, Airbnb Inc saw 14.29% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at ABNB starting from BALOGH ARISTOTLE N, who sale 600 shares at the price of $161.55 back on Apr 09 ’24. After this action, BALOGH ARISTOTLE N now owns 222,304 shares of Airbnb Inc, valued at $96,930 using the latest closing price.
BALOGH ARISTOTLE N, the Chief Technology Officer of Airbnb Inc, sale 600 shares at $160.71 during a trade that took place back on Apr 02 ’24, which means that BALOGH ARISTOTLE N is holding 143,131 shares at $96,426 based on the most recent closing price.
Stock Fundamentals for ABNB
Current profitability levels for the company are sitting at:
- 0.15 for the present operating margin
- 0.8 for the gross margin
The net margin for Airbnb Inc stands at 0.48. The total capital return value is set at 0.14. Equity return is now at value 69.83, with 26.10 for asset returns.
Based on Airbnb Inc (ABNB), the company’s capital structure generated 0.2 points at debt to capital in total, while cash flow to debt ratio is standing at 1.89. The debt to equity ratio resting at 0.25. The interest coverage ratio of the stock is 18.33.
Currently, EBITDA for the company is 2.23 billion with net debt to EBITDA at -2.24. When we switch over and look at the enterprise to sales, we see a ratio of 9.69. The receivables turnover for the company is 39.83for trailing twelve months and the total asset turnover is 0.48. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.66.
Conclusion
To put it simply, Airbnb Inc (ABNB) has had a mixed performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
