Trip.com Group Limited [NASDAQ: TCOM] closed the trading session at $38.61 on 03/06/23. The day’s price range saw the stock hit a low of $38.51, while the highest price level was $39.53. The company report on March 6, 2023 that Trip.com Group Limited Reports Unaudited Fourth Quarter and Full Year of 2022 Financial Results.
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Trip.com Group Limited (Nasdaq: TCOM; HKEX: 9961) (“Trip.com Group” or the “Company”), a leading one-stop travel service provider of accommodation reservation, transportation ticketing, packaged tours and corporate travel management, today announced its unaudited financial results for the fourth quarter and full year of 2022.
Key Highlights for the Fourth Quarter and Full Year of 2022.
The stocks have a year to date performance of 12.24 percent and weekly performance of 8.79 percent. The stock has been moved at 50.35 percent over the last six months. The stock has performed 5.96 percent around the most recent 30 days and changed 21.15 percent over the most recent 3-months.
If compared to the average trading volume of 5.47M shares, TCOM reached to a volume of 6905979 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say about Trip.com Group Limited [TCOM]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for TCOM shares is $42.31 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on TCOM stock is a recommendation set at 1.90. 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.
JP Morgan have made an estimate for Trip.com Group Limited shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on January 30, 2023. While these analysts kept the previous recommendation, UBS raised their target price from $28 to $41. The new note on the price target was released on December 16, 2022, representing the official price target for Trip.com Group Limited stock.
The Average True Range (ATR) for Trip.com Group Limited is set at 1.39, with the Price to Sales ratio for TCOM stock in the period of the last 12 months amounting to 9.05. The Price to Book ratio for the last quarter was 1.57, with the Price to Cash per share for the same quarter was set at 10.32.
TCOM stock trade performance evaluation
Trip.com Group Limited [TCOM] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 8.79. With this latest performance, TCOM shares gained by 5.96% in over the last four-week period, additionally plugging by 50.35% over the last 6 months – not to mention a rise of 43.05% in the past year of trading.
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 current RSI for TCOM stock in for the last two-week period is set at 58.95, with the RSI for the last a single of trading hit 63.23, and the three-weeks RSI is set at 57.51 for Trip.com Group Limited [TCOM]. The present Moving Average for the last 50 days of trading for this stock 36.98, while it was recorded at 37.70 for the last single week of trading, and 28.84 for the last 200 days.
Trip.com Group Limited [TCOM]: An insightful look at the core fundamentals
Trip.com Group Limited’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.10 and a Current Ratio set at 1.10.
Trip.com Group Limited [TCOM]: Insider Ownership positions
There are presently around $12,748 million, or 53.00% of TCOM stock, in the hands of institutional investors. The top three institutional holders of TCOM stocks are: MORGAN STANLEY with ownership of 30,375,921, which is approximately 9.326% of the company’s market cap and around 4.00% of the total institutional ownership; BLACKROCK INC., holding 27,965,189 shares of the stock with an approximate value of $1.08 billion in TCOM stocks shares; and FIL LTD, currently with $877.6 million in TCOM stock with ownership of nearly 13.033% of the company’s market capitalization.
Positions in Trip.com Group Limited stocks held by institutional investors increased at the end of Monday and at the time of the Monday reporting period, where 172 institutional holders increased their position in Trip.com Group Limited [NASDAQ:TCOM] by around 57,322,184 shares. Additionally, 175 investors decreased positions by around 52,144,566 shares, while 31 investors held positions by with 220,695,830 shares. The mentioned changes placed institutional holdings at 330,162,580 shares, according to the latest SEC report filing. TCOM stock had 70 new institutional investments in for a total of 23,187,112 shares, while 45 institutional investors sold positions of 12,264,807 shares during the same period.