Sabre Corp (NASDAQ:SABR) shares, rose in value on Thursday, April 04, with the stock price up by 4.03% to the previous day’s close as strong demand from buyers drove the stock to $2.74.
Actively observing the price movement in the recent trading, the stock is buoying the session at $2.63. The value of beta (5-year monthly) is 1.79. Referring to stock’s 52-week performance, its high was $5.76, and the low was $1.81. On the whole, SABR has fluctuated by 26.96% over the past month.
With the market capitalization of Sabre Corp currently standing at about $1.04 billion, investors are eagerly awaiting this quarter’s results, scheduled for May 02, 2024 – May 06, 2024. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be -$0.1, which is expected to increase to -$0.03 for fiscal year -$0.24 and then to about $0.3 by fiscal year 2025. Data indicates that the EPS growth is expected to be 53.80% in 2025, while the next year’s EPS growth is forecast to be 225.00%.
Analysts have estimated the company’s revenue for the quarter at $751.37 million, with a low estimate of $749.7 million and a high estimate of $752.4 million. According to the average forecast, sales growth in current quarter could jump up 1.20%, compared to the corresponding quarter of last year. Wall Street analysts also predicted that in 2025, the company’s y-o-y revenues would reach $3.04 billion, representing an increase of 4.60% from the revenues reported in the last year’s results.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that SABR’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium term indicators have put the stock in the category of 100% Sell while long term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of SABR currently trading nearly 23.72% and -10.04% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 60.07, while the 7-day volatility ratio is showing 7.34% which for the 30-day chart, stands at 7.28%. Furthermore, Sabre Corp (SABR)’s beta value is 1.77, and its average true range (ATR) is 0.18.
A comparison of Sabre Corp (SABR) with its peers suggests the former has fared considerably weaker in the market. SABR showed an intraday change of 4.03% in today’s session so far, and over the past year, it shrunk by -36.07%%.
Data on historical trading for Sabre Corp (NASDAQ:SABR) indicates that the trading volumes over the past 10 days have averaged 5.27 million and over the past 3 months, they’ve averaged 5.41 million. According to company’s latest data on outstanding shares, there are 379.57 million shares outstanding.
Nearly 6.33% of Sabre Corp’s shares belong to company insiders and institutional investors own 87.82% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 28.94 million shares as on Mar 15, 2024, resulting in a short ratio of 3.45. According to the data, the short interest in Sabre Corp (SABR) stood at 7.63% of shares outstanding as of Mar 15, 2024; the number of short shares registered in Feb 15, 2024 reached 23.26 million. The stock has fallen by -37.82% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the SABR stock heading into the next quarter.
