The stock price of Airbnb Inc (NASDAQ: ABNB) has surged by 0.87 when compared to previous closing price of 158.33, but the company has seen a -2.75% decline in its stock price over the last five trading sessions. Barrons reported 2024-05-05 that Earnings season continues with results from BioNTech, Palantir, Ferrari, NRG Energy, Occidental, Walt Disney, and more.
Is It Worth Investing in Airbnb Inc (NASDAQ: ABNB) Right Now?
Airbnb Inc (NASDAQ: ABNB) has a higher price-to-earnings ratio of 22.08x 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 418.62M, and currently, short sellers hold a 3.98% ratio of that float. The average trading volume of ABNB on May 06, 2024 was 4.53M shares.
ABNB’s Market Performance
The stock of Airbnb Inc (ABNB) has seen a -2.75% decrease in the past week, with a 0.55% rise in the past month, and a 8.98% gain in the past quarter. The volatility ratio for the week is 3.09%, and the volatility levels for the past 30 days are at 2.78% for ABNB. The simple moving average for the last 20 days is -0.13% for ABNB stock, with a simple moving average of 12.50% for the last 200 days.
Analysts’ Opinion of ABNB
Many brokerage firms have already submitted their reports for ABNB stocks, with Mizuho repeating the rating for ABNB by listing it as a “Buy.” The predicted price for ABNB in the upcoming period, according to Mizuho is $200 based on the research report published on April 24, 2024 of the current year 2024.
The Benchmark Company, on the other hand, stated in their research note that they expect to see ABNB reach a price target of $190. The rating they have provided for ABNB stocks is “Buy” according to the report published on April 11th, 2024.
ABNB Trading at -0.71% 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 -6.11% of loss for the given period.
Volatility was left at 2.78%, however, over the last 30 days, the volatility rate increased by 3.09%, as shares sank -1.27% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +2.87% upper at present.
During the last 5 trading sessions, ABNB fell by -2.75%, which changed the moving average for the period of 200-days by +9.74% in comparison to the 20-day moving average, which settled at $159.82. In addition, Airbnb Inc saw 17.31% 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 $161.02 back on Apr 30 ’24. After this action, BALOGH ARISTOTLE N now owns 220,504 shares of Airbnb Inc, valued at $96,612 using the latest closing price.
BALOGH ARISTOTLE N, the Chief Technology Officer of Airbnb Inc, sale 600 shares at $157.24 during a trade that took place back on Apr 23 ’24, which means that BALOGH ARISTOTLE N is holding 221,104 shares at $94,344 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
- 0.83 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 18.29.
Currently, EBITDA for the company is 2.23 billion with net debt to EBITDA at -2.06. When we switch over and look at the enterprise to sales, we see a ratio of 9.92. 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 better 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.
