Despegar.com Corp (NYSE: DESP) has experienced a decline in its stock price by -6.90 compared to its previous closing price of 13.18. However, the company has seen a fall of -11.79% in its stock price over the last five trading days. businesswire.com reported 2024-06-20 that BRITISH VIRGIN ISLANDS–(BUSINESS WIRE)–Despegar.com, Corp. (NYSE: DESP) (“Despegar” or the “Company”), Latin America’s leading travel technology company, today announced the publication of its 2023 Environmental, Social, and Governance (ESG) report. This comprehensive report applies a double materiality approach, incorporating GRI 2021 Standards, which prioritize an impact perspective, and SASB Standards, which account for financial materiality. The 2023 ESG report details the significant str.
Is It Worth Investing in Despegar.com Corp (NYSE: DESP) Right Now?
The price-to-earnings ratio for Despegar.com Corp (NYSE: DESP) is above average at 40900.00x, Company’s 36-month beta value is 2.01.Analysts have differing opinions on the stock, with 2 analysts rating it as a “buy,” 1 as “overweight,” 3 as “hold,” and 0 as “sell.”
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The public float for DESP is 55.48M, and currently, short sellers hold a 0.61% ratio of that floaft. The average trading volume of DESP on June 26, 2024 was 1.07M shares.
DESP’s Market Performance
DESP’s stock has seen a -11.79% decrease for the week, with a -18.20% drop in the past month and a 1.91% gain in the past quarter. The volatility ratio for the week is 4.23%, and the volatility levels for the past 30 days are at 4.21% for Despegar.com Corp The simple moving average for the past 20 days is -14.10% for DESP’s stock, with a 24.31% simple moving average for the past 200 days.
Analysts’ Opinion of DESP
Many brokerage firms have already submitted their reports for DESP stocks, with Citigroup repeating the rating for DESP by listing it as a “Neutral.” The predicted price for DESP in the upcoming period, according to Citigroup is $14.50 based on the research report published on April 29, 2024 of the current year 2024.
Cantor Fitzgerald, on the other hand, stated in their research note that they expect to see DESP reach a price target of $11. The rating they have provided for DESP stocks is “Overweight” according to the report published on March 07th, 2024.
Morgan Stanley gave a rating of “Overweight” to DESP, setting the target price at $13 in the report published on August 11th of the previous year.
DESP Trading at -8.29% from the 50-Day Moving Average
After a stumble in the market that brought DESP to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -22.44% of loss for the given period.
Volatility was left at 4.21%, however, over the last 30 days, the volatility rate increased by 4.23%, as shares sank -18.35% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +6.45% upper at present.
During the last 5 trading sessions, DESP fell by -11.07%, which changed the moving average for the period of 200-days by +53.28% in comparison to the 20-day moving average, which settled at $14.15. In addition, Despegar.com Corp saw 29.70% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for DESP
Current profitability levels for the company are sitting at:
- 0.13 for the present operating margin
- 0.68 for the gross margin
The net margin for Despegar.com Corp stands at 0.06. The total capital return value is set at 0.4.
Based on Despegar.com Corp (DESP), the company’s capital structure generated 0.83 points at debt to capital in total, while cash flow to debt ratio is standing at 2.56. The debt to equity ratio resting at 4.99. The interest coverage ratio of the stock is 2.77.
Currently, EBITDA for the company is 120.08 million with net debt to EBITDA at -1.15. When we switch over and look at the enterprise to sales, we see a ratio of 0.83. The receivables turnover for the company is 3.0for trailing twelve months and the total asset turnover is 0.81. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.80.
Conclusion
In a nutshell, Despegar.com Corp (DESP) has experienced a mixed performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. 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.
