Would It Be A Good Move Today To Sell Airbnb Inc. (ABNB) Stock?

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BBAI
BBAI

As of Wednesday close, Airbnb Inc.’s (NASDAQ:ABNB) stock was up $1.35, moving up 1.42 percent to $96.63. The average number of shares traded per day over the past five days has been 5,305,820 shares. 1 time new highs have been achieved over the past 5 days, with a -$7.80 fall in that time frame. In the last twenty days, the average volume was 8,012,610, while in the previous 50 days, it was 6,441,218.

Since last month, ABNB stock retreated -18.42%. Shares of the company fell to $91.27 on 11/03/22, the lowest level in the past month. A 52-week high of $191.73 was reached on 02/16/22 after having rallying from a 52-week low of $86.71. Since the beginning of this year, ABNB’s stock price has dropped by -41.96% or -$69.86, and marked a new high 5 times. However, the stock has declined by -49.60% since its 52-week high.


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ABNB stock investors should be aware that Airbnb Inc. (ABNB) stock had its last reported insider trading activity 3 days ago on Nov 22. POWELL CATHERINE C, the Global Head of Hosting of the company, disposed of 5,054 shares for $93.66 on Nov 22. It resulted in a $473,358 divestment by the insider. Johnson Belinda J. sold 1,000 shares at an average price of $101.83 on Nov 17. The insider now owns 5,920 shares following the transaction. On Nov 15, Chief Technology Officer BALOGH ARISTOTLE N sold 2,500 shares at $109.11 apiece. The transaction was valued at $272,775.

Valuation Metrics

Right now, Airbnb Inc. (ABNB) has a P/E ratio of about 40.31. Besides these, the trailing price-to-sales (P/S) ratio of 7.74, the price-to-book (PB) ratio of 11.15, and the price-to-cash flow ratio of 19.39 may also be considered.

Financial Health

In the three months ended June 29, Airbnb Inc.’s quick ratio stood at 1.90, while its current ratio was 1.90, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 0.36. On the profitability front, the trailing twelve-month gross margin is 69.40% percent. In the year ended June 29, operating margins totaled 20.50%. Based on annual data, ABNB earned $4.84 billion in gross profit and brought in $5.99 billion in revenue.

In Airbnb Inc.’s quarter-end financial report for June 29, it reported total debt of $1.99 billion against cash and short-term investments of $2.1 billion. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. ABNB’s revenue rose 22.43% to $2.1 billion during the quarter, while net income inched up to $2.88 billion. While analysts expected Airbnb Inc. to report $0.43 quarterly earnings, the actual figure was $0.56 per share, beating the consensus estimate by 30.20%. During the quarter, the company generated $1.22 billion in EBITDA. The liabilities of Airbnb Inc. were 10.54 billion at the end of its most recent quarter ended June 29, and its total debt was $2.38 billion. The value of shareholders’ equity is $642.38 million.

Technical Picture

This quick technical analysis looks at Airbnb Inc.’s (ABNB) price momentum. With a historical volatility rate of 53.30%, the RSI 9-day stood at 40.42% on 23 November.

With respect to its five-day moving average, the current Airbnb Inc. price is down by -7.47% percent or -$7.80. At present, ABNB shares trade -16.20% below its 20-day simple moving average and +0.72% percent above its 100-day simple moving average. However, the stock is currently trading approximately -23.79% below its SMA50 and -40.45% below its SMA200.

Stochastic coefficient K was 22.11% and Stochastic coefficient D was 25.12%, while ATR was 4.82. Given the Stochastic reading of 24.03% for the 14-day period, the RSI (14) reading has been calculated as 41.85%. As of today, the MACD Oscillator reading stands at -5.33, while the 14-day reading stands at -4.09.

Analyst Ratings

Airbnb Inc. downgraded its rating on Airbnb Inc. (NASDAQ: ABNB) to a Neutral in a note to investors on November 22, 2022. The analysts firm previously had an Outperform rating on the stock.Airbnb Inc. (ABNB) has been rated Overweight by analysts. According to 2 brokerage firms, ABNB is a sell, and 20 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 3 analysts rate Airbnb Inc. stock as buy, with 14 recommending it as overweight.

With a median target price of $125.00, the current consensus forecast for the stock is $98.00 – $175.00. Based on these forecasts, analysts predict Airbnb Inc. (ABNB) will achieve an average price target of $128.52.

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