Airbnb Inc. (NASDAQ:ABNB) currently has a daily average trading volume of 6.25M but it saw 6294667 shares traded on Wednesday. With a market cap of 72.64B USD, stock’s current market price of $113.58 came falling about -2.39 while comparing to the previous closing price of $116.36. In past 52 weeks, the stock remained buoying in the range of price level as high as $179.09 and as low as $81.91. In the recent trading on the day, stock has struck highest price mark of $114.32 while lowest mark touched by it was $111.51.
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Taking a look at 20-day trading activity of Airbnb Inc. (ABNB) gives us an average price of $124.52, while its current price level is -36.58% below from 52-week high level whereas it is 38.66% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $112.81 while that of 200 days or SMA-200 reads an average of $107.82. A closer look into the stock’s movement over the week reveals that its volatility is standing at 3.86% during that period while stretching the period over a month that increases to 4.01%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 41.57 which implies that the stock is in neutral territory.
The company’s shares got several price updates from the analyst firms in past one month and most recent of them is from the Argus which upgraded the stock as “Buy” in its note to investors issued on February 28, 2023, recommending a price target of $144 for it. UBS issued its recommendations for the stock as it reiterated the price target for the stock in the range of between $114 and $130.
Over the week, ABNB’s stock price is moving -9.14% down while it is -2.44% when we observe its performance for the past one month. Year-to-date it is 32.84% up and over the past year, the stock is showing a downside performance of -17.99%.
The latest quarterly earnings report issued by the company was for quarter ended 9/29/2022, when its quarterly earnings per share (EPS) of $1.79 beat the consensus estimate of $1.47 for the same. The company is expected to be releasing its next quarterly report in 05/11/2023, for which analysts forecasted an EPS of $0.25 while estimate for next year EPS is $2.59. For ABNB, analysts are forecasting an EPS-growth rate of 554.40% for current year and estimate for EPS growth in next year is 8.50%. In next quarter, company is expected to be making quarterly sales of $1.68 billion as analysts are expecting the sales for current fiscal year at $8.36 billion and seeing the company making $9.38 billion in sales next year. Moreover, analysts are in estimates of $1.86 billion for current-quarter revenue.
Currently, Airbnb Inc.’s total number of outstanding shares is 635.54M with 1.45% of that held by the insiders while 64.43% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at 22.60% and return on equity (ROE) at 35.90%. It has a price to earnings ratio (P/E ratio) of 40.70 while having a 28.57 of forward P/E ratio. Stock has a price to book (P/B) ratio of 12.98 while price to sale or P/S ratio amounts to 8.65. Its return on asset (ROA) is 11.10% on average.
A filing at the U.S. Securities and Exchange Commission revealed that American Funds Growth Fund of Ame came shrinking its share ownership by 1.55% in the Airbnb Inc. (ABNB) increasing its stake to 4.09% with control over 0.25 million shares in the company. As per SEC documents, American Funds Growth Fund of Ame sought 16,294,500 of company’s common stock of worth $2.01 billion as per recent closing price of the stock. American Funds Growth Fund of Ame is not the only institutional holder which restructured its stake in Airbnb Inc., as Vanguard Total Stock Market Index picked 10,983,022 shares of worth $1.35 billion to bring its holdings to a total of 80491.0 shares. In the most recent quarter, American Funds AMCAP Fund came rising its stake by 1.91% in the company and now holds 5.34 million or 1.34% of the company’s stake having worth of about 658.31 million.
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