In the past week, ABNB stock has gone up by 11.41%, with a monthly gain of 11.47% and a quarterly plunge of -12.30%. The volatility ratio for the week is 2.91%, and the volatility levels for the last 30 days are 2.49% for Airbnb Inc The simple moving average for the last 20 days is 11.63% for ABNB stock, with a simple moving average of -9.30% for the last 200 days.
Is It Worth Investing in Airbnb Inc (NASDAQ: ABNB) Right Now?
The price-to-earnings ratio for Airbnb Inc (NASDAQ: ABNB) is above average at 17.86x. The 36-month beta value for ABNB is also noteworthy at 1.17. 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.”
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The public float for ABNB is 423.57M, and at present, short sellers hold a 3.13% of that float. The average trading volume of ABNB on September 23, 2024 was 4.76M shares.
ABNB) stock’s latest price update
The stock price of Airbnb Inc (NASDAQ: ABNB) has surged by 1.89 when compared to previous closing price of 128.75, but the company has seen a 11.41% gain in its stock price over the last five trading sessions. zacks.com reported 2024-09-20 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.
Analysts’ Opinion of ABNB
Many brokerage firms have already submitted their reports for ABNB stocks, with Cantor Fitzgerald repeating the rating for ABNB by listing it as a “Underweight.” The predicted price for ABNB in the upcoming period, according to Cantor Fitzgerald is $94 based on the research report published on September 05, 2024 of the current year 2024.
Wedbush gave a rating of “Outperform” to ABNB, setting the target price at $165 in the report published on May 28th of the current year.
ABNB Trading at 3.71% 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 -22.88% of loss for the given period.
Volatility was left at 2.49%, however, over the last 30 days, the volatility rate increased by 2.91%, as shares surge +13.62% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -10.15% lower at present.
During the last 5 trading sessions, ABNB rose by +11.41%, which changed the moving average for the period of 200-days by -1.88% in comparison to the 20-day moving average, which settled at $118.30. In addition, Airbnb Inc saw -3.64% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at ABNB starting from Chesky Brian, who sale 230,769 shares at the price of $120.00 back on Sep 17 ’24. After this action, Chesky Brian now owns 13,315,912 shares of Airbnb Inc, valued at $27,692,280 using the latest closing price.
BALOGH ARISTOTLE N, the Chief Technology Officer of Airbnb Inc, sale 600 shares at $120.00 during a trade that took place back on Sep 17 ’24, which means that BALOGH ARISTOTLE N is holding 195,844 shares at $72,000 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
- 0.77 for the gross margin
The net margin for Airbnb Inc stands at 0.46. The total capital return value is set at 0.15. Equity return is now at value 74.18, with 20.39 for asset returns.
Based on Airbnb Inc (ABNB), the company’s capital structure generated 0.22 points at debt to capital in total, while cash flow to debt ratio is standing at 1.92. The debt to equity ratio resting at 0.28. The interest coverage ratio of the stock is 20.75.
Currently, EBITDA for the company is 2.23 billion with net debt to EBITDA at -2.77. When we switch over and look at the enterprise to sales, we see a ratio of 7.49. The receivables turnover for the company is 1.0for trailing twelve months and the total asset turnover is 0.4. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.41.
Conclusion
In summary, Airbnb Inc (ABNB) has had a mixed 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.
