Airbnb Inc. (NASDAQ:ABNB) saw a downside of -2.55% to close Tuesday at $139.55 after subtracting -$3.65 on the day. The 5-day average trading volume is 7,180,560 shares of the company’s common stock. It has gained $147.12 in the past week and touched a new high 1 time within the past 5 days. An average of 5,788,980 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 5,731,186.
ABNB’s 1-month performance is 5.95% or $9.23 on its low of $128.77 reached on 07/11/23. The company’s shares have touched a 52-week low of $81.91 and high of $154.95, with the stock’s rally to the 52-week high happening on 07/31/23. YTD, ABNB has achieved 63.22% or $54.05 and has reached a new high 24 times. However, the current price is down -9.94% from the 52-week high price.
Insider Transactions
ABNB stock investors last saw insider trading activity on Aug 01.Stephenson Dave (Chief Financial Officer) most recently sold 4,919 shares at $149.60 per share on Aug 01. This transaction cost the insider $735,882. Director, Gebbia Joseph, sold 516,666 shares at a price of $150.42 on Jul 27. Then, on Jul 25, Global Head of Hosting POWELL CATHERINE C sold 6,700 shares at a price of $150.00 per share. This transaction amounted to $1,005,000.
Valuation Metrics
ABNB stock has a beta of 1.27. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 10.30 while the price-to-book (PB) in the most recent quarter is 17.51, with the price to cash flow ratio at 23.02.
Airbnb Inc.’s quick ratio for the period ended June 29 was 1.50, with the current ratio over the same period at 1.50. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.39, while the total debt to equity was 0.39.. In terms of profitability, the gross margin trailing 12 months is 69.50%. The trailing 12-month EBITDA margin is 23.43% while for the period ending June 29, Airbnb Inc.’s operating margin was 22.50%. The firm’s gross profit as reported stood at $6.9 billion against revenue of $8.4 billion.
Earnings Surprise
For the quarterly period ending June 29 this year, Airbnb Inc.’s cash and short-term investments amounted to $2.44 billion against total debt of $2.32 billion. Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 41.72% to $650.0 million, while revenue of $117.0 million was 82.0% off the previous quarter. Analysts expected ABNB to announce $0.71 per share in earnings in its latest quarter, but it posted $0.89, representing a 25.40% surprise. EBITDA for the quarter stood at more than $532.0 million. ABNB stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 16.13 billion, with total debt at $2.32 billion. Shareholders hold equity totaling $647.28 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 08 August was 40.65% to suggest the stock is trending Neutral, with historical volatility in this time period at 31.82%.
The stock’s 5-day moving average is $141.67, reflecting a -6.29% or -$9.36 change from its current price. ABNB is currently trading +1.46% above its 20-day SMA, +22.86% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +33.64% and SMA200 by+19.41%.
Stochastic %K and %D was 20.33% and 18.82% and the average true range (ATR) pointed at 5.06. The RSI (14) points at 48.00%, while the 14-day stochastic is at 14.06% with the period’s ATR at 4.88. The stock’s 9-day MACD Oscillator is pointing at -4.73 and -5.58 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Airbnb Inc. (NASDAQ: ABNB), Melius launched coverage with a Neutral rating. Analysts offering their rating for ABNB stock have a consensus rating for the stock as Hold. Currently, 5 brokerage advisors rate ABNB as a “sell,”, while 22 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 2 rates the stock as overweight while 13 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 $75.00 and a high of $175.00, with their median price target at $142.00. Looking at these predictions, the average price target given by analysts is for Airbnb Inc. (ABNB) stock is $141.36.
