As of Wednesday close, Airbnb Inc.’s (NASDAQ:ABNB) stock was down -$1.64, moving down -1.24 percent to $130.61. The average number of shares traded per day over the past five days has been 3,615,400 shares. 2 times new highs have been achieved over the past 5 days, with a $2.48 gain in that time frame. In the last twenty days, the average volume was 4,658,455, while in the previous 50 days, it was 4,941,472.
Since last month, ABNB stock retreated -12.29%. Shares of the company fell to $123.38 on 08/18/23, the lowest level in the past month. A 52-week high of $154.95 was reached on 07/31/23 after having rallying from a 52-week low of $81.91. Since the beginning of this year, ABNB’s stock price has risen by 52.76% or $45.11, and marked a new high 24 times. However, the stock has declined by -15.71% since its 52-week high.
ABNB stock investors should be aware that Airbnb Inc. (ABNB) stock had its last reported insider trading activity 3 days ago on Aug 28. Gebbia Joseph, the Director of the company, disposed of 166,667 shares for $126.01 on Aug 28. It resulted in a $21,001,302 divestment by the insider. Gebbia Joseph sold 7,812 shares at an average price of $126.55 on Aug 28. The insider now owns 74,670 shares following the transaction. On Aug 23, Director JORDAN JEFFREY D sold 10,000 shares at $126.90 apiece. The transaction was valued at $1,269,000.
Valuation Metrics
Right now, Airbnb Inc. (ABNB) has a P/E ratio of about 38.18. The stock’s beta is 1.30. Besides these, the trailing price-to-sales (P/S) ratio of 9.22, the price-to-book (PB) ratio of 16.39, and the price-to-cash flow ratio of 21.52 may also be considered.
Financial Health
In the three months ended June 30, Airbnb Inc.’s quick ratio stood at 1.50, while its current ratio was 1.50, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending June 30 was 0.39, and the total debt-to-equity ratio was 0.39. On the profitability front, the trailing twelve-month gross margin is 69.70% percent. In the year ended June 30, EBITDA margin amounted to 23.43%, whereas operating margins totaled 21.50%. Based on annual data, ABNB earned $6.9 billion in gross profit and brought in $8.4 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 22.60%. Return on equity (ROE) for the past 12 months was 42.90%.
In Airbnb Inc.’s quarter-end financial report for June 30, it reported total debt of $1.99 billion. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. ABNB’s revenue rose 15.29% to $1.82 billion during the quarter, while net income inched up to $2.48 billion. While analysts expected Airbnb Inc. to report $0.78 quarterly earnings, the actual figure was $0.98 per share, beating the consensus estimate by 25.60%. During the quarter, the company generated $532.0 million in EBITDA. The liabilities of Airbnb Inc. were 16.13 billion at the end of its most recent quarter ended June 30, and its total debt was $2.32 billion. The value of shareholders’ equity is $647.28 million.
Technical Picture
This quick technical analysis looks at Airbnb Inc.’s (ABNB) price momentum. With a historical volatility rate of 35.15%, the RSI 9-day stood at 49.35% on 30 August.
With respect to its five-day moving average, the current Airbnb Inc. price is up by +1.94% percent or $2.48. At present, ABNB shares trade -9.65% below its 20-day simple moving average and +19.07% percent above its 100-day simple moving average. However, the stock is currently trading approximately +3.29% above its SMA50 and +27.55% above its SMA200.
Stochastic coefficient K was 44.22% and Stochastic coefficient D was 27.61%, while ATR was 3.74. Given the Stochastic reading of 66.45% for the 14-day period, the RSI (14) reading has been calculated as 46.77%. As of today, the MACD Oscillator reading stands at 2.58, while the 14-day reading stands at 1.29.
Analyst Ratings
Melius launched its rating on Airbnb Inc. (NASDAQ: ABNB) to a Neutral in a note to investors on July 31, 2023. Airbnb Inc. (ABNB) has been rated Hold by analysts. According to 5 brokerage firms, ABNB is a sell, and 21 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 3 analysts rate Airbnb Inc. stock as buy, with 12 recommending it as overweight.
With a median target price of $145.00, the current consensus forecast for the stock is $75.00 – $175.00. Based on these forecasts, analysts predict Airbnb Inc. (ABNB) will achieve an average price target of $143.09.
