Airbnb Inc. (NASDAQ:ABNB) finished Thursday with a subtraction of -$10.29 to close at $103.72, a downside of -9.03 percent. An average of 7,865,740 shares of common stock have been traded in the last five days. There was a fall of -$21.32 in the past week, and it reached a new high 6 times over the past 12 months. The last 20 days have seen an average of 5,840,795 shares traded, while the 50-day average volume stands at 6,169,568.
ABNB stock has decreased by -7.06% in the last month. The company shares reached their 1-month lowest point of $103.26 on 09/22/22. With the stock rallying to its 52-week high on 02/16/22, shares of the company touched a low of $86.71 and a high of $212.58 in 52 weeks. It has reached a new high 5 times so far this year and lost -37.70% or -$62.77 in price. In spite of this, the price is down -51.21% from the 52-week high.
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8 days have passed since Airbnb Inc. (ABNB) last reported insider trading activity. BALOGH ARISTOTLE N, who is Chief Technology Officer, most recently acquired $2,500 shares at $125.29 per share on Sep 15. In this transaction, the insider spent $313,225. Director, Johnson Belinda J., disposed of 1,000 shares at a price of $125.29 on Sep 15. The insider now owns more than $125,290 worth of shares. Prior to that, Director Gebbia Joseph went on to Sale 250,000 shares at $121.87 each on Sep 13. An amount of $30,466,912 was transacted.
Airbnb Inc. (ABNB) has a trailing price-to-earnings (P/E) ratio of 56.55. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 9.46, the price-to-book (PB) ratio at 12.62, and the price-to-cash flow ratio at 25.17.
The quick ratio of Airbnb Inc. for the three months ended June 29 was 1.60, and the current ratio was 1.60, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.38 and a total debt to equity ratio of 0.00 for the quarter ending June 29. Its gross profit as reported stood at $4.84 billion compared to revenue of $5.99 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 7.90%.
For the three-month period that ended June 29, Airbnb Inc. had $2.06 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 $378.84 million in the quarter, while revenues of -$18.79 million were grew 118.01%. The analyst consensus anticipated Airbnb Inc.’s latest quarter earnings to come in at $0.43 per share, but it turned out to be $0.56, a 30.20% surprise. For the quarter, EBITDA amounted to $395.87 million. Shareholders own equity worth $648.7 million.
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 22 September was 25.93%, suggesting the stock is oversold, with historical volatility in this time frame at 55.47%.
As of today, ABNB’s price is $114.39 -17.05% or -$21.32 from its 5-day moving average. ABNB is currently trading -9.42% lower than its 20-day SMA and -32.30% lower than its 100-day SMA. However, the stock’s current price level is +8.45% above the SMA50 and -42.65% below the SMA200.
The stochastic %K and %D were 23.19% and 36.39%, respectively, and the average true range (ATR) was 5.86. With the 14-day stochastic at 1.76% and the average true range at 5.53, the RSI (14) stands at 34.05%. The stock has reached -7.42 on the 9-day MACD Oscillator while the 14-day reading was at -6.78.
Argus launched coverage on Airbnb Inc. (NASDAQ: ABNB) in its analyst report released on July 26, 2022. The firm assigned the stock a Hold rating. The consensus rating for Airbnb Inc. (ABNB) among analysts is Overweight. According to current brokerage recommendations, 2 brokerage firms advise that investors sell ABNB, while 21 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 2 analysts, while 13 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 $100.00 and $197.00, with a median target of $135.00. Taking a look at these predictions, the average price target given by analysts for Airbnb Inc. (ABNB) stock is $135.00.