In the past week, DESP stock has gone up by 2.35%, with a monthly gain of 16.81% and a quarterly plunge of -4.53%. The volatility ratio for the week is 3.29%, and the volatility levels for the last 30 days are 4.16% for Despegar.com Corp The simple moving average for the past 20 days is 5.24% for DESP’s stock, with a 12.03% simple moving average for the past 200 days.
Is It Worth Investing in Despegar.com Corp (NYSE: DESP) Right Now?
Despegar.com Corp (NYSE: DESP) has a price-to-earnings ratio that is above its average at 63250.00x. The stock has a 36-month beta value of 1.99. Opinions on the stock are mixed, 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 44.48M, and at present, short sellers hold a 15.63% of that float. On September 19, 2024, the average trading volume of DESP was 1.16M shares.
DESP) stock’s latest price update
The stock price of Despegar.com Corp (NYSE: DESP) has jumped by 0.80 compared to previous close of 12.55. Despite this, the company has seen a gain of 2.35% in its stock price over the last five trading days. seekingalpha.com reported 2024-09-19 that Despegar.com is a strong buy due to its robust constant-currency bookings growth and market-leading position in Latin America, despite FX headwinds. The company benefits from exposure to fast-growing emerging economies, increasing middle-class travel in Latin America, and lucrative vacation package deals, boosting its take rates. U.S. interest rate cuts could ease FX headwinds, enhancing Despegar’s appeal as a value stock with a low 5.2x EV/FY24 adjusted EBITDA multiple.
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 7.00% 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 -20.04% of loss for the given period.
Volatility was left at 4.16%, however, over the last 30 days, the volatility rate increased by 3.29%, as shares surge +12.56% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -7.03% lower at present.
During the last 5 trading sessions, DESP rose by +2.45%, which changed the moving average for the period of 200-days by +53.67% in comparison to the 20-day moving average, which settled at $12.09. In addition, Despegar.com Corp saw 33.72% 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
- 0.7 for the gross margin
The net margin for Despegar.com Corp stands at 0.04. The total capital return value is set at 0.43.
Based on Despegar.com Corp (DESP), the company’s capital structure generated 0.39 points at debt to capital in total, while cash flow to debt ratio is standing at 2.05. The debt to equity ratio resting at 0.63. The interest coverage ratio of the stock is 2.28.
Currently, EBITDA for the company is 120.08 million with net debt to EBITDA at -1.03. When we switch over and look at the enterprise to sales, we see a ratio of 0.85. The receivables turnover for the company is 2.9for trailing twelve months and the total asset turnover is 0.86. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.83.
Conclusion
To sum up, Despegar.com Corp (DESP) 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.
