Airbnb Inc [NASDAQ: ABNB] closed the trading session at $149.62. The company report on November 1, 2023 at 4:05 PM that Airbnb Announces Third Quarter 2023 Results.
Airbnb, Inc. (NASDAQ: ABNB) has posted a shareholder letter containing its third quarter 2023 financial results on its Investor Relations website at https://investors.airbnb.com.
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Airbnb will host an audio webcast to discuss its results at 1:30 p.m. PT / 4:30 p.m. ET today. The link to the webcast will be made available on the Investor Relations website at https://investors.airbnb.com.
The stocks have a year to date performance of 9.90 percent and weekly performance of 6.92 percent. The stock has been moved at 0.75 percent over the last six months. The stock has performed 7.86 percent around the most recent 30 days and changed 26.26 percent over the most recent 3-months.
If compared to the average trading volume of 5.08M shares, ABNB reached to a volume of 11337207 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 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 $135.63 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 2.76. 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.
BMO Capital Markets have made an estimate for Airbnb Inc shares, keeping their opinion on the stock as Market Perform, with their previous recommendation back on January 09, 2024.
The Average True Range (ATR) for Airbnb Inc is set at 4.12, with the Price to Sales ratio for ABNB stock in the period of the last 12 months amounting to 9.97. The Price to Book ratio for the last quarter was 10.48, with the Price to Cash per share for the same quarter was set at 17.16. Price to Free Cash Flow for ABNB in the course of the last twelve months was 22.56 with Quick ratio for the last quarter at 1.78.
ABNB stock trade performance evaluation
Airbnb Inc [ABNB] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 6.92. With this latest performance, ABNB shares gained by 7.86% in over the last four-week period, additionally plugging by 0.75% over the last 6 months – not to mention a rise of 43.26% 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 ABNB stock in for the last two-week period is set at 70.27, with the RSI for the last a single of trading hit 77.36, and the three-weeks RSI is set at 65.67 for Airbnb Inc [ABNB]. The present Moving Average for the last 50 days of trading for this stock 136.73, while it was recorded at 143.45 for the last single week of trading, and 129.40 for the last 200 days.
Airbnb Inc [ABNB]: An insightful look at the core fundamentals
Airbnb Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.78 and a Current Ratio set at 1.78.
Earnings per share (EPS) analysis for Airbnb Inc [ABNB] stock
With the latest financial reports released by the company, Airbnb Inc posted 0.48/share EPS, while the average EPS was predicted by analysts to be reported at 0.25/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 92.00%. 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 ABNB. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Airbnb Inc go to 21.40%.
Airbnb Inc [ABNB]: Institutional Ownership
The top three institutional holders of ABNB stocks are: VANGUARD GROUP INC with ownership of 1.3 billion shares, which is approximately 8.2815%. BLACKROCK INC., holding 1.03 billion shares of the stock with an approximate value of $176.59 billion in ABNB stocks shares; and BERKSHIRE HATHAWAY INC, currently with $156.75 billion in ABNB stock with ownership which is approximately 5.8325%.
