Trip.com Group Limited (NASDAQ:TCOM) saw an upside of 0.24% to close Monday at $37.70 after adding $0.09 on the day. The 5-day average trading volume is 4,165,460 shares of the company’s common stock. It has gained $40.24 in the past week and touched a new high 2 times within the past 5 days. An average of 3,967,155 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 3,960,246.
TCOM’s 1-month performance is 2.70% or $0.99 on its low of $36.07 reached on 07/24/23. The company’s shares have touched a 52-week low of $19.25 and high of $43.59, with the stock’s rally to the 52-week high happening on 08/10/23. YTD, TCOM has achieved 9.59% or $3.30 and has reached a new high 10 times. However, the current price is down -13.51% from the 52-week high price.
Top 5 AI Stocks to Buy for 2023
The artificial intelligence (AI) revolution is already here. And it's about to change everything we know about everything.
According to Grand View Research, the global AI boom could grow from about $137 billion in 2022 to more than $1.81 trillion by 2030. And investors like you always want to get in on the hottest stocks of tomorrow. Here are five of the best ways to profit from the AI boom.
Click Here to Download the FREE Report.
Sponsored
Valuation Metrics
TCOM stock has a beta of 0.62. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 7.90 while the price-to-book (PB) in the most recent quarter is 1.54.
Trip.com Group Limited’s quick ratio for the period ended March 30 was 1.00, with the current ratio over the same period at 1.00. As well, the company’s long term debt to equity for the quarter ending March 30 was 0.12, while the total debt to equity was 0.45. In terms of profitability, the gross margin trailing 12 months is 79.80%. The trailing 12-month EBITDA margin is 6.88% while for the period ending March 30, Trip.com Group Limited’s operating margin was 10.70%. The firm’s gross profit as reported stood at $2.25 billion against revenue of $2.91 billion.
Earnings Surprise
For the quarterly period ending March 30 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 141.75% to $206.0 million, while revenue of $0.0 was 100.0% off the previous quarter. Analysts expected TCOM to announce $0.25 per share in earnings in its latest quarter, but it posted $0.43, representing a 72.00% surprise. EBITDA for the quarter stood at more than $326.0 million. TCOM stock balance sheet for the quarter ending March 30 shows that total liabilities totaled 13.43 billion, with total debt at $53.18 billion.
Let’s look briefly at Trip.com Group Limited (TCOM) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 21 August was 37.73% to suggest the stock is trending Neutral, with historical volatility in this time period at 23.43%.
The stock’s 5-day moving average is $38.55, reflecting a -5.84% or -$2.34 change from its current price. TCOM is currently trading -0.53% above its 20-day SMA, +5.45% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +4.29% and SMA200 by+53.63%.
Stochastic %K and %D was 10.64% and 15.41% and the average true range (ATR) pointed at 1.35. The RSI (14) points at 45.10%, while the 14-day stochastic is at 13.00% with the period’s ATR at 1.32. The stock’s 9-day MACD Oscillator is pointing at -1.58 and -1.62 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Trip.com Group Limited (NASDAQ: TCOM), JP Morgan upgraded it to an Overweight rating. They previously had a Neutral rating on the stock. Analysts offering their rating for TCOM stock have a consensus rating for the stock as Buy. Currently, 0 brokerage advisors rate TCOM as a “sell,”, while 0 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 7 rates the stock as overweight while 32 have offered a “buy” rating.
What is TCOM’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $288.78 and a high of $425.53, with their median price target at $348.51. Looking at these predictions, the average price target given by analysts is for Trip.com Group Limited (TCOM) stock is $349.45.
