Is Wall Street High Or Low On Airbnb Inc. (ABNB)?

Airbnb Inc. (NASDAQ:ABNB) trading with a subtraction of -$0.86 to $172.72 on Thursday, a downside of -0.50 percent. An average of 2,988,166 shares of common stock have been traded in the last five days. There was a gain of $4.94 in the past week. The last 20 days have seen an average of 4,796,182 shares traded, while the 50-day average volume stands at 5,933,349.

ABNB stock has increased by 6.30% in the last month. The company shares reached their 1-month lowest point of $159.45 on 09/20/21. Shares of the company touched a low of $121.50 and a high of $219.94 in 52 weeks. It has reached a new high 10 times so far this year and achieved 18.24% or $27.74 in price. In spite of this, the price is down -21.47% from the 52-week high.


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Insider Transactions

8 days have passed since Airbnb Inc. (ABNB) last reported insider trading activity. Johnson Belinda J., who is Director, most recently acquired $25,000 shares at $161.29 per share on Oct 06. In this transaction, the insider spent $4,032,250. Chief Technology Officer, BALOGH ARISTOTLE N, disposed of 4,000 shares at a price of $170.31 on Oct 01. The insider now owns more than $681,240 worth of shares. Prior to that, See Remarks Gebbia Joseph went on to Sale 58,333 shares at $171.00 each on Oct 01. An amount of $9,975,172 was transacted.

Valuation Metrics

Airbnb Inc. (ABNB) has a trailing price-to-earnings (P/E) ratio of 30.20 for the broader industry and 30.89 for the sector. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 24.61, the price-to-book (PB) ratio at 31.28, and the price-to-cash flow ratio at 75.02.

The quick ratio of Airbnb Inc. for the three months ended June 29 was 1.50, and the current ratio was 1.50, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.58 and a total debt to equity ratio of 0.58 for the quarter ending June 29. Airbnb Inc.’s EBITDA margin for the year ending June 29 is -98.07%, while its operating margin for the same period stands at -80.40%. Its gross profit as reported stood at $2.5 billion compared to revenue of $3.38 billion.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Airbnb Inc.’s return on assets was -41.70%. For the broader industry, ROE averaged 7.41 over the past year.

Earnings Surprise

For the three-month period that ended June 29, Airbnb Inc. had $1.76 billion in cash and short-term investments compared to $1.98 billion in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of -$68.22 million in the quarter, while revenues of -$1.17 billion were grew 100.0%. The analyst consensus anticipated Airbnb Inc.’s latest quarter earnings to come in at -$0.47 per share, but it turned out to be -$0.11, a 76.60% surprise. For the quarter, EBITDA amounted to -$14.79 million. Shareholders own equity worth $628.64 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Airbnb Inc. (ABNB) price momentum. RSI 9-day as of the close on 13 October was 62.13%, suggesting the stock is Neutral, with historical volatility in this time frame at 36.22%.

As of today, ABNB’s price is $171.50 +2.91% or $4.94 from its 5-day moving average. ABNB is currently trading +3.80% higher than its 20-day SMA and +28.42% higher than its 100-day SMA. However, the stock’s current price level is +18.41% above the SMA50 and +16.36% above the SMA200.

The stochastic %K and %D were 80.39% and 66.68%, respectively, and the average true range (ATR) was 5.25. With the 14-day stochastic at 87.65% and the average true range at 5.36, the RSI (14) stands at 60.28%. The stock has reached 4.33 on the 9-day MACD Oscillator while the 14-day reading was at 3.96.

Analyst Ratings

Cowen upgraded Airbnb Inc. (NASDAQ: ABNB) to a an Outperform rating in its most recent analyst report. Previously, the stock was rated as a a Market perform.The consensus rating for Airbnb Inc. (ABNB) among analysts is Overweight. According to current brokerage recommendations, 3 brokerage firms advise that investors sell ABNB, while 14 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 2 analysts, while 17 others rate it as a “buy”.

What is ABNB’s price target for the next 12 months?

Analysts predict a range of price targets between $132.00 and $220.00, with a median target of $177.50. Taking a look at these predictions, the average price target given by analysts for Airbnb Inc. (ABNB) stock is $177.37.

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