Airbnb Inc (NASDAQ:ABNB) saw an upside of 1.47% to close Monday at $134.14 after adding $1.94 on the day. The 5-day average trading volume is 5,763,280 shares of the company’s common stock. It has gained $143.27 in the past week and touched a new high 2 times within the past 5 days. An average of 10,410,990 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 7,155,426.
ABNB’s 1-month performance is 7.55% or $8.35 on its low of $124.95 reached on 08/28/23. The company’s shares have touched a 52-week low of $81.91 and high of $154.95, with the stock’s rally to the 52-week high happening on 07/31/23. YTD, ABNB has achieved 56.89% or $48.64 and has reached a new high 24 times. However, the current price is down -13.43% from the 52-week high price.
Insider Transactions
ABNB stock investors last saw insider trading activity on Sep 13.Gebbia Joseph (Director) most recently sold 166,667 shares at $145.28 per share on Sep 13. This transaction cost the insider $24,214,088. Chief Strategy Officer, Blecharczyk Nathan, sold 60,000 shares at a price of $145.22 on Sep 13. Then, on Sep 12, CEO and Chairman Chesky Brian sold 150,000 shares at a price of $150.06 per share. This transaction amounted to $22,509,300.
Valuation Metrics
ABNB stock has a beta of 1.26. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 9.42 while the price-to-book (PB) in the most recent quarter is 16.81, with the price to cash flow ratio at 21.74.
Airbnb Inc’s quick ratio for the period ended June 29 was 1.47, with the current ratio over the same period at 1.47. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.45, while the total debt to equity was 0.46. In terms of profitability, the gross margin trailing 12 months is 72.55%. The trailing 12-month EBITDA margin is 23.43% while for the period ending June 29, Airbnb Inc’s operating margin was 21.80%. The firm’s gross profit as reported stood at $6.9 billion against revenue of $8.4 billion.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 41.72% to $650.0 million, while revenue of $117.0 million was 82.0% off the previous quarter. Analysts expected ABNB to announce $0.78 per share in earnings in its latest quarter, but it posted $0.98, representing a 25.60% surprise. EBITDA for the quarter stood at more than $532.0 million. ABNB stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 16.13 billion, with total debt at $2.32 billion. Shareholders hold equity totaling $647.28 million.
Let’s look briefly at Airbnb Inc (ABNB) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 25 September was 38.22% to suggest the stock is trending Neutral, with historical volatility in this time period at 21.96%.
The stock’s 5-day moving average is $135.79, reflecting a -5.90% or -$8.41 change from its current price. ABNB is currently trading +6.64% above its 20-day SMA, +11.25% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -6.42% and SMA200 by+44.05%.
Stochastic %K and %D was 9.65% and 20.32% and the average true range (ATR) pointed at 3.97. The RSI (14) points at 43.54%, while the 14-day stochastic is at 16.41% with the period’s ATR at 4.02. The stock’s 9-day MACD Oscillator is pointing at -6.20 and -8.31 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Airbnb Inc (NASDAQ: ABNB), Melius launched coverage with a Neutral rating. Analysts offering their rating for ABNB stock have a consensus rating for the stock as Hold. Currently, 5 brokerage advisors rate ABNB as a “sell,”, while 19 advise that investors “Hold.” 1 analysts have rated the stock as underweight. 3 rates the stock as overweight while 12 have offered a “buy” rating.
What is ABNB’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $75.00 and a high of $175.00, with their median price target at $145.00. Looking at these predictions, the average price target given by analysts is for Airbnb Inc (ABNB) stock is $142.47.
