The price-to-earnings ratio for Airbnb Inc (NASDAQ: ABNB) is above average at 20.10x. The 36-month beta value for ABNB is also noteworthy at 1.19. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
The public float for ABNB is 419.36M, and at present, short sellers hold a 2.95% of that float. The average trading volume of ABNB on July 22, 2024 was 4.01M shares.
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ABNB) stock’s latest price update
Airbnb Inc (NASDAQ: ABNB) has experienced a rise in its stock price by 1.38 compared to its previous closing price of 147.99. However, the company has seen a gain of 1.91% in its stock price over the last five trading days. zacks.com reported 2024-07-18 that Airbnb (ABNB) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock’s prospects.
ABNB’s Market Performance
Airbnb Inc (ABNB) has seen a 1.91% rise in stock performance for the week, with a 1.45% gain in the past month and a -3.21% plunge in the past quarter. The volatility ratio for the week is 2.16%, and the volatility levels for the past 30 days are at 2.02% for ABNB. The simple moving average for the past 20 days is -0.10% for ABNB’s stock, with a 3.65% simple moving average for the past 200 days.
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 1.28% 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 -11.80% of loss for the given period.
Volatility was left at 2.02%, however, over the last 30 days, the volatility rate increased by 2.16%, as shares surge +0.17% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -5.11% lower at present.
During the last 5 trading sessions, ABNB rose by +1.77%, which changed the moving average for the period of 200-days by +17.30% in comparison to the 20-day moving average, which settled at $150.20. In addition, Airbnb Inc saw 10.20% 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 $148.47 back on Jul 16 ’24. After this action, BALOGH ARISTOTLE N now owns 207,574 shares of Airbnb Inc, valued at $89,082 using the latest closing price.
Bernstein David C, the Chief Accounting Officer of Airbnb Inc, sale 1,000 shares at $145.88 during a trade that took place back on Jul 15 ’24, which means that Bernstein David C is holding 44,043 shares at $145,880 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 8.79. 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
In summary, Airbnb Inc (ABNB) has had a better performance as of late. Analysts have mixed opinions on the stock, with some viewing 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.
