Airbnb Inc (NASDAQ: ABNB) Continues To Decline

Airbnb Inc (NASDAQ:ABNB) price closed higher on Tuesday, April 16, jumping 0.68% above its previous close.

A look at the daily price movement shows that the last close reads $155.60. The company’s P/E ratio in the trailing 12-month period read 21.66. Taking into account the 52-week price action we note that the stock hit a 52-week high of $170.10 and 52-week low of $103.55. The stock subtracted -2.48% on its value in the past month.

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 50% Buy on average. Looking at the stock’s medium term indicators we note that it is averaging as a 50% 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 0.91. The overview shows that ABNB’s price is at present -3.84% off the SMA20 and -0.99% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 43.95, with weekly volatility standing at 3.28%. The indicator jumps to 2.28% when calculated based on the past 30 days. Airbnb Inc (NASDAQ:ABNB)’s beta value is holding at 1.26, while the average true range (ATR) indicator is currently reading 4.56.

An analysis of the Airbnb Inc (NASDAQ:ABNB) stock in terms of its daily trading volume indicates that the 3-month average is 4.85 million.

Current records show that the company has 438.00M in outstanding shares. The insiders’ percentage holdings are 34.98% of outstanding shares while the percentage share held by institutions stands at 50.65%. But the 15.07% upside, the stock’s price has registered year-to-date as of last trading, will likely reignite investor interest given the prospect of it rallying even higher.

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