Tripadvisor Inc. [NASDAQ: TRIP] price plunged by -6.35 percent to reach at -$1.16. The company report on May 3, 2023 at 4:05 PM that Tripadvisor, Inc. Earnings Press Release Available on Company’s Investor Relations Site.
Tripadvisor, Inc. (NASDAQ: TRIP) issued its first quarter 2023 earnings press release which is available now at ir.tripadvisor.com. This release is also available on the SEC website at www.sec.gov. As announced previously, the company will host a conference call tomorrow, Thursday, May 4, at 8:30 a.m. ET to discuss the results. The live webcast and replay will be available to the public at ir.tripadvisor.com/events-and-presentations. Replays of the webcast will be accessible for at least three months following the conference call.
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A sum of 5622614 shares traded at recent session while its average daily volume was at 2.38M shares. Tripadvisor Inc. shares reached a high of $18.20 and dropped to a low of $16.99 until finishing in the latest session at $17.10.
The one-year TRIP stock forecast points to a potential upside of 27.88. The average equity rating for TRIP stock is currently 3.10, trading closer to a bullish pattern in the stock market.
Guru’s Opinion on Tripadvisor Inc. [TRIP]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for TRIP shares is $23.71 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on TRIP stock is a recommendation set at 3.10. 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.
Truist have made an estimate for Tripadvisor Inc. shares, keeping their opinion on the stock as Hold, with their previous recommendation back on April 20, 2023. While these analysts kept the previous recommendation, Bernstein dropped their target price from $28 to $26. The new note on the price target was released on February 16, 2023, representing the official price target for Tripadvisor Inc. stock. Previously, the target price had yet another raise from $19 to $38, while BofA Securities kept a Buy rating on TRIP stock.
The Average True Range (ATR) for Tripadvisor Inc. is set at 0.60, with the Price to Sales ratio for TRIP stock in the period of the last 12 months amounting to 1.59. The Price to Book ratio for the last quarter was 2.78, with the Price to Cash per share for the same quarter was set at 7.36. Price to Free Cash Flow for TRIP in the course of the last twelve months was 6.89 with Quick ratio for the last quarter at 2.40.
TRIP Stock Performance Analysis:
Tripadvisor Inc. [TRIP] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -1.10. With this latest performance, TRIP shares dropped by -13.72% in over the last four-week period, additionally sinking by -27.60% over the last 6 months – not to mention a drop of -32.36% 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 TRIP stock in for the last two-week period is set at 35.40, with the RSI for the last a single of trading hit 33.29, and the three-weeks RSI is set at 37.10 for Tripadvisor Inc. [TRIP]. The present Moving Average for the last 50 days of trading for this stock 19.29, while it was recorded at 17.75 for the last single week of trading, and 21.40 for the last 200 days.
Insight into Tripadvisor Inc. Fundamentals:
Operating Margin for any stock indicates how profitable investing would be, and Tripadvisor Inc. [TRIP] shares currently have an operating margin of +7.31 and a Gross Margin at +85.72. Tripadvisor Inc.’s Net Margin is presently recorded at +1.34.
Return on Total Capital for TRIP is now 6.17, given the latest momentum, and Return on Invested Capital for the company is 1.15. Return on Equity for this stock inclined to 2.42, with Return on Assets sitting at 0.82. When it comes to the capital structure of this company, Tripadvisor Inc. [TRIP] has a Total Debt to Total Equity ratio set at 107.90. Additionally, TRIP Total Debt to Total Capital is recorded at 51.90, with Total Debt to Total Assets ending up at 36.16. Long-Term Debt to Equity for the company is recorded at 105.57, with the Long-Term Debt to Total Capital now at 50.78.
Reflecting on the efficiency of the workforce at the company, Tripadvisor Inc. [TRIP] managed to generate an average of $6,452 per employee. Receivables Turnover for the company is 7.54 with a Total Asset Turnover recorded at a value of 0.61.Tripadvisor Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.40 and a Current Ratio set at 2.40.
TRIP Stock EPS
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for TRIP. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Tripadvisor Inc. go to 33.46%.
Tripadvisor Inc. [TRIP] Insider Position Details
There are presently around $1,852 million, or 86.20% of TRIP stock, in the hands of institutional investors. The top three institutional holders of TRIP stocks are: VANGUARD GROUP INC with ownership of 10,740,789, which is approximately 4.569% of the company’s market cap and around 0.20% of the total institutional ownership; BLACKROCK INC., holding 9,384,534 shares of the stock with an approximate value of $160.48 million in TRIP stocks shares; and PAR CAPITAL MANAGEMENT INC, currently with $145.35 million in TRIP stock with ownership of nearly -5.629% of the company’s market capitalization.
Positions in Tripadvisor Inc. stocks held by institutional investors increased at the end of Wednesday and at the time of the Wednesday reporting period, where 134 institutional holders increased their position in Tripadvisor Inc. [NASDAQ:TRIP] by around 15,656,799 shares. Additionally, 140 investors decreased positions by around 15,658,356 shares, while 44 investors held positions by with 76,981,778 shares. The mentioned changes placed institutional holdings at 108,296,933 shares, according to the latest SEC report filing. TRIP stock had 36 new institutional investments in for a total of 3,737,354 shares, while 45 institutional investors sold positions of 4,534,714 shares during the same period.