Friday, January 15, 2021

Airbnb Inc. [ABNB] Stock trading around $160.80 per share: What’s Next?

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Airbnb Inc. [NASDAQ: ABNB] stock went on an upward path that rose over 8.55% on Tuesday, amounting to a one-week price increase of more than 8.43%. The company report on January 12, 2021 that Airbnb, Inc. (NASDAQ: ABNB) CEO Brian Chesky will participate in a keynote at the 2021 Reuters NEXT summit on January 14, 2021.

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Airbnb, Inc. (NASDAQ: ABNB) announced that Brian Chesky, CEO, will participate in a keynote at the 2021 Reuters NEXT summit on January 14, 2021. Mr. Chesky is scheduled to appear at 1:00 pm ET (10:00 am PT).


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The one-year Airbnb Inc. stock forecast points to a potential downside of -4.31. The average equity rating for ABNB stock is currently 2.60, trading closer to a bullish pattern in the stock market.

The market cap for the stock reached $97.63 billion, with 607.14 million shares outstanding and 101.58 million shares in the current float. Compared to the average trading volume of 12.39M shares, ABNB stock reached a trading volume of 8114317 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Guru’s Opinion on Airbnb Inc. [ABNB]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for ABNB shares is $154.16 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on ABNB stock is a recommendation set at 2.60. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Tigress Financial have made an estimate for Airbnb Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on January 11, 2021. The new note on the price target was released on January 05, 2021, representing the official price target for Airbnb Inc. stock. Previously, the target price had yet another raise to $165, while Citigroup analysts kept a Neutral rating on ABNB stock.

The Average True Range (ATR) for Airbnb Inc. is set at 12.74, with the Price to Sales ratio for ABNB stock in the period of the last 12 months amounting to 26.93.

ABNB Stock Performance Analysis:

Airbnb Inc. [ABNB] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 8.43.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The RSI for the last a single of trading hit 62.59, and the three-weeks RSI is set at 56.76 for Airbnb Inc. [ABNB], while it was recorded at 150.55 for the last single week of trading.

Insight into Airbnb Inc. Fundamentals:

Operating Margin for any stock indicates how profitable investing would be, and Airbnb Inc. [ABNB] shares currently have an operating margin of -10.36 and a Gross Margin at +75.10. Airbnb Inc.’s Net Margin is presently recorded at -14.03.

Return on Total Capital for ABNB is now -17.91, given the latest momentum, and Return on Invested Capital for the company is -24.44. Additionally, ABNB Total Debt to Total Capital is recorded at 128.41, with Total Debt to Total Assets ending up at 43.93.

Receivables Turnover for the company is 45.71 with a Total Asset Turnover recorded at a value of 0.64.Airbnb Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.60 and a Current Ratio set at 1.60.

Airbnb Inc. [ABNB] Insider Position Details

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Positions in Airbnb Inc. stocks held by institutional investors increased at the end of March and at the time of the March reporting period, where 2 institutional holders increased their position in Airbnb Inc. [NASDAQ:ABNB] by around 28,004 shares. Additionally, 0 investors decreased positions by around 0 shares, while 0 investors held positions by with 0 shares. The mentioned changes placed institutional holdings at 28,004 shares, according to the latest SEC report filing. ABNB stock had 2 new institutional investments in for a total of 28,004 shares, while 0 institutional investors sold positions of 0 shares during the same period.

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