Airbnb Inc. (NASDAQ:ABNB) saw a downside of -0.46% to $104.74 after subtracting -$0.48 on Tuesday. The 5-day average trading volume is 4,369,814 shares of the company’s common stock. It has gained $106.39 in the past week and touched a new high 3 times within the past 5 days. An average of 4,681,704 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 5,327,222.
ABNB’s 1-month performance is 20.09% or $19.39 on its low of $81.91 reached on 12/28/22. The company’s shares have touched a 52-week low of $81.91 and high of $191.73, with the stock’s rally to the 52-week high happening on 01/24/23. YTD, ABNB has achieved 23.06% or $19.14 and has reached a new high 10 times. However, the current price is down -45.37% from the 52-week high price.
ABNB stock investors last saw insider trading activity on Jan 17.BALOGH ARISTOTLE N (Chief Technology Officer) most recently sold 5,250 shares at $100.00 per share on Jan 17. This transaction cost the insider $525,000. Chief Technology Officer, BALOGH ARISTOTLE N, sold 2,750 shares at a price of $88.61 on Jan 10. Then, on Jan 03, Chief Technology Officer BALOGH ARISTOTLE N sold 5,250 shares at a price of $87.41 per share. This transaction amounted to $458,902.
Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 8.12 while the price-to-book (PB) in the most recent quarter is 12.14, with the price to cash flow ratio at 20.34.
Airbnb Inc.’s quick ratio for the period ended September 29 was 1.90, with the current ratio over the same period at 1.90. In terms of profitability, the gross margin trailing 12 months is 69.40%. The firm’s gross profit as reported stood at $4.84 billion against revenue of $5.99 billion.
For the quarterly period ending September 29 this year, Airbnb Inc.’s cash and short-term investments amounted to $2.1 billion against total debt of $2.36 billion. Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 31.33% to $1.21 billion, while revenue of $378.84 million was 68.8% off the previous quarter. Analysts expected ABNB to announce $1.47 per share in earnings in its latest quarter, but it posted $1.79, representing a 21.80% surprise. EBITDA for the quarter stood at more than $1.22 billion. ABNB stock balance sheet for the quarter ending September 29 shows that total liabilities totaled 10.54 billion, with total debt at $2.36 billion. Shareholders hold equity totaling $642.38 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 23 January was 75.21% to suggest the stock is trending Overbought, with historical volatility in this time period at 36.67%.
The stock’s 5-day moving average is $102.27, reflecting a +3.33% or $3.37 change from its current price. ABNB is currently trading +23.29% above its 20-day SMA, -7.04% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +9.24% and SMA200 by-36.45%.
Stochastic %K and %D was 92.89% and 88.55% and the average true range (ATR) pointed at 3.54. The RSI (14) points at 67.89%, while the 14-day stochastic is at 91.90% with the period’s ATR at 3.65. The stock’s 9-day MACD Oscillator is pointing at 3.06 and 7.38 on the 14-day charts.
In the most recent analyst report for Airbnb Inc. (NASDAQ: ABNB), Morgan Stanley downgraded it to an Underweight rating. They previously had an Equal-weight 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 19 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 4 rates the stock as overweight while 15 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 $80.00 and a high of $158.00, with their median price target at $122.50. Looking at these predictions, the average price target given by analysts is for Airbnb Inc. (ABNB) stock is $122.30.