Trip.com Group Ltd ADR (NASDAQ:TCOM) shares, rose in value, with the stock price up by 0.31% to the previous day’s close as strong demand from buyers drove the stock to $48.14.
Actively observing the price movement in the last trading, the stock closed the session at $47.99. The value of beta (5-year monthly) was 0.57 whereas the PE ratio was 23.14 over 12-month period. Referring to stock’s 52-week performance, its high was $49.72, and the low was $30.70. On the whole, TCOM has fluctuated by 11.64% over the past month.
With the market capitalization of Trip.com Group Ltd ADR currently standing at about $31.78 billion, investors are eagerly awaiting this quarter’s results, scheduled for Jun 05, 2024 – Jun 10, 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 $0.56, which is expected to increase to $0.78 for fiscal year $2.64 and then to about $3.08 by fiscal year 2025. Data indicates that the EPS growth is expected to be -1.90% in 2025, while the next year’s EPS growth is forecast to be 16.70%.
Analysts have estimated the company’s revenue for the quarter at $1.61 billion, with a low estimate of $1.59 billion and a high estimate of $1.62 billion. According to the average forecast, sales growth in current quarter could jump up 25.60%, 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 $7.27 billion, representing an increase of 18.20% 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 TCOM’s technical picture suggests that short-term indicators denote the stock is a 100% 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 0.35, with the price of TCOM currently trading nearly 7.08% and 13.54% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 66.06, while the 7-day volatility ratio is showing 3.65% which for the 30-day chart, stands at 2.20%. Furthermore, Trip.com Group Ltd ADR (TCOM)’s beta value is 0.54, and its average true range (ATR) is 1.31.
A comparison of Trip.com Group Ltd ADR (TCOM) with its peers suggests the former has fared considerably weaker in the market. TCOM showed an intraday change of 0.31% in last session, and over the past year, it grew by 28.20%%.
Data on historical trading for Trip.com Group Ltd ADR (NASDAQ:TCOM) indicates that the trading volumes over the past 10 days have averaged 4.09 million and over the past 3 months, they’ve averaged 3.90 million. According to company’s latest data on outstanding shares, there are 660.10 million shares outstanding.
Nearly 0.01% of Trip.com Group Ltd ADR’s shares belong to company insiders and institutional investors own 36.08% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 9.38 million shares as on Mar 15, 2024, resulting in a short ratio of 2.28. The stock has risen by 33.69% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the TCOM stock heading into the next quarter.
