Market Momentum Report: Airbnb Inc (ABNB)’s Positive Close at 149.13

Investors on the quest for market-beating returns often employ the strategy of stock picking. Making informed choices in stocks can greatly amplify your wealth.

The price of Airbnb Inc (NASDAQ: ABNB) closed at $149.13 in the last session, up 1.92% from day before closing price of $146.32. In other words, the price has increased by $1.92 from its previous closing price. On the day, 5.58 million shares were traded. ABNB stock price reached its highest trading level at $149.24 during the session, while it also had its lowest trading level at $145.72.

Ratios:

We take a closer look at ABNB’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 8.51 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 22.40. For the most recent quarter (mrq), Quick Ratio is recorded 1.44 and its Current Ratio is at 1.44. In the meantime, Its Debt-to-Equity ratio is 0.29 whereas as Long-Term Debt/Eq ratio is at 0.28.

Upgrades & Downgrades

In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, HSBC Securities on May 09, 2024, Downgraded its rating to Hold and sets its target price to $156 from $160 previously.

On April 24, 2024, Mizuho Upgraded its rating to Buy which previously was Neutral and also upped its target price recommendation from $150 to $200.

On April 11, 2024, The Benchmark Company started tracking the stock assigning a Buy rating and target price of $190.The Benchmark Company initiated its Buy rating on April 11, 2024, with a $190 target price.

Insider Transactions:

An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on May 07 ’24 when BALOGH ARISTOTLE N sold 600 shares for $162.00 per share. The transaction valued at 97,200 led to the insider holds 219,904 shares of the business.

BALOGH ARISTOTLE N sold 600 shares of ABNB for $96,612 on Apr 30 ’24. The Chief Technology Officer now owns 220,504 shares after completing the transaction at $161.02 per share. On Apr 23 ’24, another insider, BALOGH ARISTOTLE N, who serves as the Chief Technology Officer of the company, sold 600 shares for $157.24 each. As a result, the insider received 94,344 and left with 221,104 shares of the company.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, ABNB now has a Market Capitalization of 94674296832 and an Enterprise Value of 85871255552. As of this moment, Airbnb’s Price-to-Earnings (P/E) ratio for their current fiscal year is 19.98, and their Forward P/E ratio for the next fiscal year is 29.29. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.07. For the stock, the TTM Price-to-Sale (P/S) ratio is 9.24 while its Price-to-Book (P/B) ratio in mrq is 12.01. Its current Enterprise Value per Revenue stands at 8.385 whereas that against EBITDA is 51.792.

Stock Price History:

Over the past 52 weeks, ABNB has reached a high of $170.10, while it has fallen to a 52-week low of $103.55. The 50-Day Moving Average of the stock is -7.43%, while the 200-Day Moving Average is calculated to be 4.88%.

Shares Statistics:

According to the various share statistics, ABNB traded on average about 4.77M shares per day over the past 3-months and 5504820 shares per day over the past 10 days. A total of 438.00M shares are outstanding, with a floating share count of 430.01M. Insiders hold about 32.26% of the company’s shares, while institutions hold 52.46% stake in the company. Shares short for ABNB as of 1714435200 were 15386624 with a Short Ratio of 3.22, compared to 1711584000 on 17995228. Therefore, it implies a Short% of Shares Outstanding of 15386624 and a Short% of Float of 3.53.

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