Airbnb Inc. (NASDAQ:ABNB) saw an upside of 4.75% to $174.59 after adding $7.92 on Tuesday. The 5-day average trading volume is 2,405,221 shares of the company’s common stock. It has gained $175.90 in the past week. An average of 5,008,935 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 5,985,882.
ABNB’s 1-month performance is 0.89% or $8.33 on its low of $154.79 reached on 09/13/21. The company’s shares have touched a 52-week low of $121.50 and high of $219.94. YTD, ABNB has achieved 13.54% or $26.73. However, the current price is down -20.62%% from the 52-week high price.
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On Oct 06, 6 days have gone by since the last insider trading activity for Airbnb Inc. (ABNB). Johnson Belinda J. (Director) most recently sold 25,000 shares at $161.29 per share on Oct 06. This transaction cost the insider $4,032,250. Chief Technology Officer, BALOGH ARISTOTLE N, sold 4,000 shares at a price of $170.31 on Oct 01. Then, on Oct 01, See Remarks Gebbia Joseph sold 58,333 shares at a price of $171.00 per share. This transaction amounted to $9,975,172.
Airbnb Inc. (ABNB) has a trailing price-to-earnings (P/E) ratio of 30.20 for the broader industry and 30.17 for the sector.ABNB stock has a beta of 0.00. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 23.63 while the price-to-book (PB) in the most recent quarter is 30.03, with the price to cash flow ratio at 72.04.
Airbnb Inc.’s quick ratio for the period ended June 29 was 1.50, with the current ratio over the same period at 1.50 meaning that ABNB stock is able to fulfill its debt obligations. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.58, while the total debt to equity was 0.58. In terms of profitability, the gross margin trailing 12 months is 57.60%. The trailing 12-month EBITDA margin is -98.07% while for the period ending June 29; Airbnb Inc.’s operating margin was -80.40%. The firm’s gross profit as reported stood at $2.5 billion against revenue of $3.38 billion.
For the quarterly period ending June 29 this year, Airbnb Inc.’s cash and short-term investments amounted to $1.76 billion against total debt of $2.44 billion. Net income and sales went up compared to those figures reported in the previous quarter. Analysts expected ABNB to announce -$0.47 per share in earnings in its latest quarter, but it posted -$0.11, representing a 76.60% surprise. EBITDA for the quarter stood at more than -$14.79 million. ABNB stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 12.09 billion, with total debt at $2.44 billion. Shareholders hold equity totaling $628.64 million
Let’s look briefly at Airbnb Inc. (ABNB) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 11 October was 60.35% to suggest the stock is trending Neutral, with historical volatility in this time period at 40.29%.
The stock’s 5-day moving average is $169.40, reflecting a +5.34% or $8.79 change from its current price. ABNB is currently trading +6.26% above its 20-day SMA, +27.41% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by +19.27% and +12.07% respectively.
Stochastic %K and %D was 57.73% and 53.90% and the average true range (ATR) pointed at 5.81. The RSI (14) points at 59.17%, while the 14-day stochastic is at 79.00% with the period’s ATR at 5.71. The stock’s 9-day MACD Oscillator is pointing at 1.50 and 0.13 on the 14-day charts.
In the most recent analyst report for Airbnb Inc. (NASDAQ: ABNB), Cowen upgraded it to an Outperform rating. They previously had a Market perform rating on the stock. Analysts offering their rating for ABNB stock have a consensus rating for the stock as Overweight. Currently, 3 brokerage advisors rate ABNB as a “sell,”, while 15 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 2 rates the stock as overweight while 16 have offered a “buy” rating.
What is ABNB’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $132.00 and a high of $220.00, with their median price target at $174.50. Looking at these predictions, the average price target given by analysts is for Airbnb Inc. (ABNB) stock is $175.37.