As of Wednesday close, Airbnb Inc.’s (NASDAQ:ABNB) stock was down -$3.84, moving down -2.71 percent to $138.01. The average number of shares traded per day over the past five days has been 20,474,561 shares. 1 time new highs have been achieved over the past 5 days, with a -$6.71 fall in that time frame. In the last twenty days, the average volume was 10,063,609, while in the previous 50 days, it was 7,173,332.
Since last month, ABNB stock rose 11.30%. Shares of the company fell to $123.49 on 08/21/23, 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 61.42% or $52.51, and marked a new high 24 times. However, the stock has declined by -10.93% since its 52-week high.
ABNB stock investors should be aware that Airbnb Inc. (ABNB) stock had its last reported insider trading activity 8 days ago on Sep 13. Gebbia Joseph, the Director of the company, disposed of 166,667 shares for $145.28 on Sep 13. It resulted in a $24,214,088 divestment by the insider. Blecharczyk Nathan sold 60,000 shares at an average price of $145.22 on Sep 13. The insider now owns 1,084,797 shares following the transaction. On Sep 12, CEO and Chairman Chesky Brian sold 150,000 shares at $150.06 apiece. The transaction was valued at $22,509,300.
Valuation Metrics
Right now, Airbnb Inc. (ABNB) has a P/E ratio of about 40.34. The stock’s beta is 1.27. Besides these, the trailing price-to-sales (P/S) ratio of 9.92, the price-to-book (PB) ratio of 17.32, and the price-to-cash flow ratio of 23.15 may also be considered.
Financial Health
In the three months ended June 29, 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 29 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 29, 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 29, 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 29, 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 20.31%, the RSI 9-day stood at 43.08% on 20 September.
With respect to its five-day moving average, the current Airbnb Inc. price is down by -4.63% percent or -$6.71. At present, ABNB shares trade +8.60% above its 20-day simple moving average and +19.75% percent above its 100-day simple moving average. However, the stock is currently trading approximately +0.34% above its SMA50 and +36.28% above its SMA200.
Stochastic coefficient K was 53.87% and Stochastic coefficient D was 62.26%, while ATR was 3.98. Given the Stochastic reading of 38.42% for the 14-day period, the RSI (14) reading has been calculated as 48.51%. As of today, the MACD Oscillator reading stands at -3.05, while the 14-day reading stands at -1.07.
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 19 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 $142.43.
