At the last check on Friday, Yelp Inc.’s (NYSE:YELP) stock was up $3.39, moving up 7.86 percent to $46.52. The average number of shares traded per day over the past five days has been 742,021 shares. 2 times new highs have been achieved over the past 5 days, with a $1.37 gain in that time frame. In the last twenty days, the average volume was 759,795, while in the previous 50 days, it was 664,824.
Since last month, YELP stock rose 29.11%. Shares of the company fell to $35.61 on 07/06/23, the lowest level in the past month. A 52-week high of $45.53 was reached on 08/04/23 after having rallying from a 52-week low of $25.30. Since the beginning of this year, YELP’s stock price has risen by 70.15% or $18.91, and marked a new high 27 times. However, the stock has increased by 2.19% since its 52-week high.
YELP stock investors should be aware that Yelp Inc. (YELP) stock had its last reported insider trading activity 3 days ago on Aug 01. Stoppelman Jeremy, the Chief Executive Officer of the company, disposed of 10,000 shares for $45.00 on Aug 01. It resulted in a $450,000 divestment by the insider. Eaton Sam sold 18,850 shares at an average price of $45.51 on Jul 31. The insider now owns 216,165 shares following the transaction. On Jul 31, Chief Executive Officer Stoppelman Jeremy sold 10,000 shares at $45.00 apiece. The transaction was valued at $450,000.
Valuation Metrics
Right now, Yelp Inc. (YELP) has a P/E ratio of about 93.98. The stock’s beta is 1.46. Besides these, the trailing price-to-sales (P/S) ratio of 2.49, the price-to-book (PB) ratio of 4.62, and the price-to-cash flow ratio of 17.59 may also be considered.
Financial Health
In the three months ended June 29, Yelp Inc.’s quick ratio stood at 3.00, while its current ratio was 3.00, showing that the company is able to pay off its debt. On the profitability front, the trailing twelve-month gross margin is 91.20% percent. In the year ended June 29, EBITDA margin amounted to 13.85%, whereas operating margins totaled 4.60%. Based on annual data, YELP earned $1.09 billion in gross profit and brought in $1.19 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 3.90%. Return on equity (ROE) for the past 12 months was 5.10%.
According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. YELP’s revenue rose 11.46% to $309.1 million during the quarter, while net income inched up to $312.44 million. While analysts expected Yelp Inc. to report $0.15 quarterly earnings, the actual figure was $0.21 per share. During the quarter, the company generated $17.86 million in EBITDA. The liabilities of Yelp Inc. were 317.55 million at the end of its most recent quarter ended June 29, and its total debt was $116.21 million. The value of shareholders’ equity is $68.84 million.
Technical Picture
This quick technical analysis looks at Yelp Inc.’s (YELP) price momentum. With a historical volatility rate of 43.33%, the RSI 9-day stood at 73.34% on 03 August.
With respect to its five-day moving average, the current Yelp Inc. price is up by +3.05% percent or $1.37. At present, YELP shares trade +26.82% above its 20-day simple moving average and +63.08% percent above its 100-day simple moving average. However, the stock is currently trading approximately +34.53% above its SMA50 and +26.99% above its SMA200.
Stochastic coefficient K was 72.35% and Stochastic coefficient D was 79.25%, while ATR was 1.56. Given the Stochastic reading of 79.16% for the 14-day period, the RSI (14) reading has been calculated as 73.01%. As of today, the MACD Oscillator reading stands at 0.46, while the 14-day reading stands at 1.07.
Analyst Ratings
Craig Hallum launched its rating on Yelp Inc. (NYSE: YELP) to a Buy in a note to investors on July 28, 2023. Yelp Inc. (YELP) has been rated Hold by analysts. According to 3 brokerage firms, YELP is a sell, and 5 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Yelp Inc. stock as buy, with 3 recommending it as overweight.
With a median target price of $41.00, the current consensus forecast for the stock is $26.00 – $54.00. Based on these forecasts, analysts predict Yelp Inc. (YELP) will achieve an average price target of $40.00.
