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Airbnb Inc (NASDAQ: ABNB): Can’t Stop The Stock’s Slide?

Airbnb Inc (NASDAQ:ABNB) price is hovering lower on Tuesday, February 13, dropping -0.84% below its previous close.

A look at today’s price movement shows that the recent level at last check reads $153.80. The company’s 5Y monthly beta was ticking 1.24 while its P/E ratio in the trailing 12-month period read 18.47. Taking into account the 52-week price action we note that the stock hit a 52-week high of $157.35 and 52-week low of $103.55. The stock added 11.21% on its value in the past month.

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Airbnb Inc, which has a market valuation of $97.61 billion, is expected to release its quarterly earnings report Feb 13, 2024.

Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with no upward and no downward reviews. On the technical perspective front, indicators give ABNB a short term outlook of 100% Buy on average. Looking at the stock’s medium term indicators we note that it is averaging as a 100% Buy, while an average of long term indicators are currently assigning the stock as 100% Buy.

If we dive deeper into the stock’s performance we see the positive picture represented by the PEG ratio, currently standing at 0.86. The overview shows that ABNB’s price is at present 5.46% off the SMA20 and 8.02% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 62.26, with weekly volatility standing at 3.04%. The indicator jumps to 3.04% when calculated based on the past 30 days. Airbnb Inc (NASDAQ:ABNB)’s beta value is holding at 1.24, while the average true range (ATR) indicator is currently reading 4.68.

An analysis of the Airbnb Inc (NASDAQ:ABNB) stock in terms of its daily trading volume indicates that the 3-month average is 1.48. However, this figure increases on the past 10-day timeline to an average of 4.3 million.

Current records show that the company has 640.05M in outstanding shares. The insiders’ percentage holdings are 35.51% of outstanding shares while the percentage share held by institutions stands at 52.00%. The stats also highlight that short interest as of Jan 31, 2024, stood at 18.69 million shares, which puts the short ratio at the time at 4.34. From this we can glean that short interest is 2.92% of company’s current outstanding shares. Notably, we see that shares short in January fall slightly given the previous month’s figure stood at 19.19 million. But the 12.02% upside, the stock’s price has registered year-to-date as of today’s value, will likely reignite investor interest given the prospect of it rallying even higher.