As of Friday close, Yelp Inc.’s (NYSE:YELP) stock was down -$0.22, moving down -0.53 percent to $41.05. The average number of shares traded per day over the past five days has been 636,540 shares. 2 times new highs have been achieved over the past 5 days, with a -$2.42 fall in that time frame. In the last twenty days, the average volume was 754,565, while in the previous 50 days, it was 700,044.
Since last month, YELP stock retreated -2.59%. Shares of the company fell to $40.38 on 08/18/23, the lowest level in the past month. A 52-week high of $47.59 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 50.15% or $13.71, and marked a new high 27 times. However, the stock has declined by -13.74% since its 52-week high.
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YELP stock investors should be aware that Yelp Inc. (YELP) stock had its last reported insider trading activity 4 days ago on Aug 15. Schwarzbach David A, the Chief Financial Officer of the company, disposed of 2,750 shares for $43.28 on Aug 15. It resulted in a $119,020 divestment by the insider. Orr Carmen sold 12,468 shares at an average price of $43.25 on Aug 14. The insider now owns 86,580 shares following the transaction. On Aug 08, Chief Executive Officer Stoppelman Jeremy sold 1,300 shares at $45.14 apiece. The transaction was valued at $58,680.
Valuation Metrics
Right now, Yelp Inc. (YELP) has a P/E ratio of about 69.34. The stock’s beta is 1.46. Besides these, the trailing price-to-sales (P/S) ratio of 2.19, the price-to-book (PB) ratio of 4.01, and the price-to-cash flow ratio of 13.63 may also be considered.
Financial Health
In the three months ended June 29, Yelp Inc.’s quick ratio stood at 2.70, while its current ratio was 2.70, 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 6.10%.
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 11.35% to $312.44 million during the quarter, while net income inched up to $337.13 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 $43.13 million in EBITDA. The liabilities of Yelp Inc. were 324.69 million at the end of its most recent quarter ended June 29, and its total debt was $106.02 million. The value of shareholders’ equity is $68.71 million.
Technical Picture
This quick technical analysis looks at Yelp Inc.’s (YELP) price momentum. With a historical volatility rate of 22.25%, the RSI 9-day stood at 36.46% on 18 August.
With respect to its five-day moving average, the current Yelp Inc. price is down by -5.57% percent or -$2.42. At present, YELP shares trade -0.27% below its 20-day simple moving average and +35.75% percent above its 100-day simple moving average. However, the stock is currently trading approximately +12.93% above its SMA50 and +6.87% above its SMA200.
Stochastic coefficient K was 3.89% and Stochastic coefficient D was 6.48%, while ATR was 1.24. Given the Stochastic reading of 9.29% for the 14-day period, the RSI (14) reading has been calculated as 45.32%. As of today, the MACD Oscillator reading stands at -1.13, while the 14-day reading stands at -1.84.
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 6 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 $44.50, the current consensus forecast for the stock is $32.00 – $60.00. Based on these forecasts, analysts predict Yelp Inc. (YELP) will achieve an average price target of $44.59.
