Sabre Corp (NASDAQ:SABR) price on current trading day, fall -1.74% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $2.54.
A look at the stock’s price movement, the level at last check in today’s session was $2.58. Turning to its 52-week performance, $4.63 and $1.93 were the 52-week high and 52-week low respectively. Overall, SABR moved 16.82% over the past month.
Sabre Corp’s market cap currently stands at around $983.09 million, with investors looking forward to this quarter’s earnings report slated for in June.
Analysts have a consensus estimate of 712.38M for the company’s revenue for the quarter, with a low and high estimate of 709.9M and 714.85M respectively. The average forecast suggests down to a -7.15% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 3.1B, representing a 2.22% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that SABR is a 100% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
3 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 1 analyst(s) rate the stock as a Hold, 2 recommend SABR as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
SABR’s current price about -3.64% and -4.23% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 45.57, while 7-day volatility ratio is 2.36% and 4.88% in the 30-day chart. Further, Sabre Corp (SABR) has a beta value of 1.40, and an average true range (ATR) of 0.17. Analysts have given the company’s stock an average 52-week price target of $4, forecast between a low of $4 and high of $4. Looking at the price targets, the low is -57.48% off recent price level in today’s trading while to achieve the yearly target high, it has to move -57.48%. Nonetheless, investors will most likely welcome a -57.48% jump to $4 which is the analysts’ median price.
If we refocus on Sabre Corp (NASDAQ:SABR), historical trading data shows that trading volumes averaged 6.53 million over the past 3 months. The company’s latest data on shares outstanding shows there are 387.66 million shares.
The 10.88% of Sabre Corp’s shares are in the hands of company insiders while institutional holders own 92.80% of the company’s shares. Current price change has pushed the stock -30.55% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the SABR stock continues to rise going into the next quarter.
