The stock of Airbnb Inc (ABNB) has gone up by 0.70% for the week, with a 1.30% rise in the past month and a -7.88% drop in the past quarter. The volatility ratio for the week is 1.84%, and the volatility levels for the past 30 days are 1.80% for ABNB. The simple moving average for the last 20 days is 2.18% for ABNB stock, with a simple moving average of 3.92% for the last 200 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 19.97x. The stock has a 36-month beta value of 1.18. Opinions on the stock are mixed, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for ABNB is 419.10M, and at present, short sellers hold a 3.06% of that float. On June 17, 2024, the average trading volume of ABNB was 3.87M shares.
ABNB) stock’s latest price update
Airbnb Inc (NASDAQ: ABNB) has seen a rise in its stock price by 2.14 in relation to its previous close of 145.97. However, the company has experienced a 0.70% gain in its stock price over the last five trading sessions. fool.com reported 2024-06-15 that CrowdStrike is one of the biggest companies ever to be added to the S&P 500, and its stock is already up big on the news. History shows CrowdStrike stock could pull back in the first weeks after joining the index.
Analysts’ Opinion of ABNB
Many brokerage firms have already submitted their reports for ABNB stocks, with Wedbush repeating the rating for ABNB by listing it as a “Outperform.” The predicted price for ABNB in the upcoming period, according to Wedbush is $165 based on the research report published on May 28, 2024 of the current year 2024.
HSBC Securities, on the other hand, stated in their research note that they expect to see ABNB reach a price target of $156, previously predicting the price at $160. The rating they have provided for ABNB stocks is “Hold” according to the report published on May 09th, 2024.
Mizuho gave a rating of “Buy” to ABNB, setting the target price at $200 in the report published on April 24th of the current year.
ABNB Trading at -2.40% 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 -12.35% of loss for the given period.
Volatility was left at 1.80%, however, over the last 30 days, the volatility rate increased by 1.84%, as shares surge +2.77% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -7.47% lower at present.
During the last 5 trading sessions, ABNB rose by +1.09%, which changed the moving average for the period of 200-days by +14.61% in comparison to the 20-day moving average, which settled at $146.12. In addition, Airbnb Inc saw 9.52% 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 Gebbia Joseph, who sale 180,778 shares at the price of $150.05 back on Jun 12 ’24. After this action, Gebbia Joseph now owns 0 shares of Airbnb Inc, valued at $27,126,137 using the latest closing price.
Gebbia Joseph, the Director of Airbnb Inc, sale 44,990 shares at $150.04 during a trade that took place back on Jun 12 ’24, which means that Gebbia Joseph is holding 46,467 shares at $6,750,147 based on the most recent closing price.
Stock Fundamentals for ABNB
Current profitability levels for the company are sitting at:
- 0.16 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 0.16. Equity return is now at value 74.91, with 22.17 for asset returns.
Based on Airbnb Inc (ABNB), the company’s capital structure generated 0.21 points at debt to capital in total, while cash flow to debt ratio is standing at 2.06. The debt to equity ratio resting at 0.26. The interest coverage ratio of the stock is 20.56.
Currently, EBITDA for the company is 2.23 billion with net debt to EBITDA at -2.53. When we switch over and look at the enterprise to sales, we see a ratio of 8.82. The receivables turnover for the company is 48.31for trailing twelve months and the total asset turnover is 0.42. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.44.
Conclusion
To sum up, Airbnb Inc (ABNB) has seen a better 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.
