Yelp Inc. (NYSE:YELP) finished Friday with an addition of $0.32 to close at $27.34, an upside of 1.18 percent. An average of 535,620 shares of common stock have been traded in the last five days. There was a gain of $1.20 in the past week, and it reached a new high 7 times over the past 12 months. The last 20 days have seen an average of 819,215 shares traded, while the 50-day average volume stands at 809,412.
YELP stock has decreased by -11.66% in the last month. The company shares reached their 1-month lowest point of $25.30 on 12/20/22. With the stock rallying to its 52-week high on 10/26/22, shares of the company touched a low of $25.30 and a high of $39.26 in 52 weeks. It has reached a new high 6 times so far this year and lost -24.56% or -$8.90 in price. In spite of this, the price is down -30.37% from the 52-week high.
Will You Miss Out On This Growth Stock Boom?
A new megatrend in the fintech market is well underway. Mobile payments are projected to boom into a massive $12 trillion market by 2028. According to Motley Fool this growth stock could "deliver huge returns." Not only in the immediate future but also over the next decade. Especially since the man behind this company is a serial entrepreneur who has been wildly successful over the years.
And this is just one of our 5 Best Growth Stocks To Own For 2023.
YELP stock investors should be aware that Yelp Inc. (YELP) stock had its last reported insider trading activity 10 days ago on Dec 21. In this transaction, the insider spent $154,605. Chief Technology Officer, Eaton Sam, disposed of 5,547 shares at a price of $30.00 on Nov 30. The insider now owns more than $166,410 worth of shares. Prior to that, Chief Operating Officer Nachman Joseph R went on to Sale 6,000 shares at $29.23 each on Nov 21. An amount of $175,410 was transacted.
Yelp Inc. (YELP) has a trailing price-to-earnings (P/E) ratio of 52.38. The stock’s beta is 1.42. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.63, the price-to-book (PB) ratio at 2.75, and the price-to-cash flow ratio at 11.38.
The quick ratio of Yelp Inc. for the three months ended September 29 was 3.10, and the current ratio was 3.10, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.00 and a total debt to equity ratio of 0.00 for the quarter ending September 29. Its gross profit as reported stood at $953.74 million compared to revenue of $1.03 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, Yelp Inc.’s return on assets was 3.80%.
For the three-month period that ended September 29, Yelp Inc. had $90.87 million in cash. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $9.11 million in the quarter, while revenues were shrunk -98.35%. The analyst consensus anticipated Yelp Inc.’s latest quarter earnings to come in at $0.22 per share, but it turned out to be $0.13, a -40.90% surprise. For the quarter, EBITDA amounted to $29.91 million. Shareholders own equity worth $69.7 million.
From a technical analysis perspective, let’s take a brief look at Yelp Inc. (YELP) price momentum. RSI 9-day as of the close on 30 December was 49.91%, suggesting the stock is Neutral, with historical volatility in this time frame at 39.36%.
As of today, YELP’s price is $26.67 +4.59% or $1.20 from its 5-day moving average. YELP is currently trading -11.12% lower than its 20-day SMA and -27.84% lower than its 100-day SMA. However, the stock’s current price level is -25.93% below the SMA50 and -19.66% below the SMA200.
The stochastic %K and %D were 40.96% and 33.42%, respectively, and the average true range (ATR) was 0.83. With the 14-day stochastic at 54.26% and the average true range at 0.87, the RSI (14) stands at 43.85%. The stock has reached 0.36 on the 9-day MACD Oscillator while the 14-day reading was at -0.09.
JP Morgan downgraded Yelp Inc. (NYSE: YELP) to a an Underweight rating in its most recent analyst report. Previously, the stock was rated as a Neutral. The consensus rating for Yelp Inc. (YELP) among analysts is Hold. According to current brokerage recommendations, 3 brokerage firms advise that investors sell YELP, while 6 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 1 others rate it as a “buy”.
What is YELP’s price target for the next 12 months?
Analysts predict a range of price targets between $23.00 and $42.00, with a median target of $35.00. Taking a look at these predictions, the average price target given by analysts for Yelp Inc. (YELP) stock is $34.56.