Airbnb Inc (NASDAQ:ABNB) shares, rose in value, with the stock price up by 1.84% to the previous day’s close as strong demand from buyers drove the stock to $161.77.
Actively observing the price movement in the last trading, the stock closed the session at $158.84. The value of beta (5-year monthly) was 1.25 whereas the PE ratio was 22.36 over 12-month period. Referring to stock’s 52-week performance, its high was $170.10, and the low was $103.55. On the whole, ABNB has fluctuated by -1.28% over the past month.
With the market capitalization of Airbnb Inc currently standing at about $103.22 billion, investors are eagerly awaiting this quarter’s results, scheduled for May 07, 2024 – May 13, 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 $0.24, which is expected to increase to $1.34 for fiscal year $4.35 and then to about $4.99 by fiscal year 2025. Data indicates that the EPS growth is expected to be -48.80% in 2025, while the next year’s EPS growth is forecast to be 14.70%.
Analysts have estimated the company’s revenue for the quarter at $2.06 billion, with a low estimate of $2 billion and a high estimate of $2.09 billion. According to the average forecast, sales growth in current quarter could jump up 13.20%, 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 $11.08 billion, representing an increase of 11.80% 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 1 upward and no downward review(s) in last seven days. We see that ABNB’s technical picture suggests that short-term indicators denote the stock is a 50% Buy on average. However, medium term indicators have put the stock in the category of 100% Buy while long term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the PEG ratio is about 0.94, with the price of ABNB currently trading nearly -1.44% and 3.55% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 51.32, while the 7-day volatility ratio is showing 2.25% which for the 30-day chart, stands at 2.29%. Furthermore, Airbnb Inc (ABNB)’s beta value is 1.26, and its average true range (ATR) is 4.07.
A comparison of Airbnb Inc (ABNB) with its peers suggests the former has fared considerably weaker in the market. ABNB showed an intraday change of 1.84% in last session, and over the past year, it grew by 36.56%%.
Data on historical trading for Airbnb Inc (NASDAQ:ABNB) indicates that the trading volumes over the past 10 days have averaged 3.44 million and over the past 3 months, they’ve averaged 4.91 million. According to company’s latest data on outstanding shares, there are 438.00 million shares outstanding.
Nearly 34.95% of Airbnb Inc’s shares belong to company insiders and institutional investors own 50.69% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 19.64 million shares as on Mar 15, 2024, resulting in a short ratio of 3.56. According to the data, the short interest in Airbnb Inc (ABNB) stood at 3.08% of shares outstanding as of Mar 15, 2024; the number of short shares registered in Feb 15, 2024 reached 19.13 million. The stock has risen by 18.83% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the ABNB stock heading into the next quarter.
