The stock of Airbnb Inc. (NASDAQ:ABNB) decreased by -$0.54 on Monday to $125.25, down -0.43 percent. The last five days have seen an average of 3,128,058 shares of common stock traded. 24 times new highs were reached in the current year, with a gain of $40.14. The average number of shares traded over the last 20 days was 4,636,825, while the average volume over the last 50 days totaled 4,947,284.
ABNB stock dropped -18.31% since last month. On 08/18/23, the company’s shares reached a one-month low of $123.38. The stock touched a high of $154.95 on 07/31/23, after rallying from a low of $81.91 in 52 weeks. The price of ABNB stock has risen by 46.49% or $40.14 this year, reaching a new high 24 times. Still, the stock price is down -19.17% from the 52-week high.
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Insider Transactions
ABNB stock investors should be aware that Airbnb Inc. (ABNB) stock had its last reported insider trading activity 5 days ago on Aug 23. On Aug 23, Director JORDAN JEFFREY D sold 10,000 shares at $126.90 each. This transaction resulted in the insider making $1,269,000. On Aug 22, Stephenson Dave sold 6,521 shares at a price of US$124.25. After the transaction, the insider now owns 125,720 shares. Global Head of Hosting POWELL CATHERINE C had earlier sold 2,411 shares on Aug 22 for $124.25 a share. The transaction was completed for $299,567.
Valuation Metrics
Airbnb Inc. (ABNB) has a trailing price-to-earnings (P/E) ratio of 36.61. Beta for the stock is 1.33. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 8.84, the price-to-book (PB) ratio of 15.72, and the price-to-cash flow ratio of 20.64.
Financial Health
For the three months ended June 29, Airbnb Inc.’s quick ratio was 1.50, while its current ratio was 1.50, indicating its ability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 29 is 0.39, and the total debt to equity ratio is 0.39. As far as profitability goes, gross margin for the trailing twelve months is 69.70% percent. Airbnb Inc.’s EBITDA margin for the year ended June 29 was 23.43%, whereas its operating margin stood at 21.50% for the same period. Based on annual data, it had gross profit of $6.9 billion and revenue of $8.4 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. ABNB’s return on assets (ROA) during the last 12 months has been 12.50%. There was a 22.60% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 42.90%.
Earnings Surprise
According to Airbnb Inc.’s quarterly financial report for the quarter that ended June 29. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $2.48 billion, while revenues rose by 15.29% to $1.82 billion. It was predicted that Airbnb Inc.’s quarterly earnings would be $0.98, but it ended up being $0.78, beating the consensus by 25.60%. EBITDA was $532.0 million for the quarter. At the end of Airbnb Inc.’s most recent quarter ended June 29, its liabilities totaled 16.13 billion, while its total debt was $2.32 billion. Equity owned by shareholders amounts to $647.28 million.
Technical Picture
Here’s a quick look at Airbnb Inc.’s (ABNB) price momentum from a technical perspective. As of 25 August, the RSI 9-day stood at 32.92%, suggesting the stock is Neutral, with a 23.86% historical volatility rate.
The stochastic %K and %D were 11.02% and 13.32% respectively, while the average true range (ATR) was 3.35. Based on the 14-day stochastic reading of 12.85%, the RSI (14) reading is 36.36%. On the 9-day MACD Oscillator, the stock is at -0.98, and the 14-day reading is at -3.75.
Analyst Ratings
In its analyst report released on July 31, 2023, Melius began covering Airbnb Inc. (NASDAQ: ABNB). The stock was rated as a Neutral by the brokerage firm. Analysts have assigned Airbnb Inc. (ABNB) an Hold rating. ABNB is a stock that is recommended for selling by 5 brokerage firms, while 21 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 3 rates it overweight and 12 others recommend it as a buy.
What is ABNB’s price target for the next 12 months?
The current consensus forecast for the stock is between $75.00 and $175.00, with a median target price of $145.00. In analyzing these forecasts, the average price target given by analysts for Airbnb Inc. (ABNB) is $143.09.
