Trip.com Group Ltd ADR [NASDAQ: TCOM] closed the trading session at $44.67. The company report on February 21, 2024 at 5:00 PM that Trip.com Group Limited Reports Unaudited Fourth Quarter and Full Year of 2023 Financial Results.
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 2023.
Key Highlights for the Fourth Quarter and Full Year of 2023.
The stocks have a year to date performance of 24.05 percent and weekly performance of 3.59 percent. The stock has been moved at 23.40 percent over the last six months. The stock has performed 11.68 percent around the most recent 30 days and changed 33.78 percent over the most recent 3-months.
If compared to the average trading volume of 3.91M shares, TCOM reached to a volume of 4240368 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 Ltd ADR [TCOM]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for TCOM shares is $55.33 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 1.26. 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.
Nomura have made an estimate for Trip.com Group Ltd ADR shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on November 21, 2023. While these analysts kept the previous recommendation, JP Morgan raised their target price from $39 to $50. The new note on the price target was released on July 31, 2023, representing the official price target for Trip.com Group Ltd ADR stock. Previously, the target price had yet another raise to $46, while China Renaissance analysts kept a Buy rating on TCOM stock.
The Average True Range (ATR) for Trip.com Group Ltd ADR is set at 1.26, with the Price to Sales ratio for TCOM stock in the period of the last 12 months amounting to 4.70. The Price to Book ratio for the last quarter was 1.72, with the Price to Cash per share for the same quarter was set at 13.19.
TCOM stock trade performance evaluation
Trip.com Group Ltd ADR [TCOM] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 3.59. With this latest performance, TCOM shares gained by 11.68% in over the last four-week period, additionally plugging by 23.40% over the last 6 months – not to mention a rise of 19.82% 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 63.13, with the RSI for the last a single of trading hit 63.65, and the three-weeks RSI is set at 62.82 for Trip.com Group Ltd ADR [TCOM]. The present Moving Average for the last 50 days of trading for this stock 39.83, while it was recorded at 43.78 for the last single week of trading, and 36.71 for the last 200 days.
Trip.com Group Ltd ADR [TCOM]: An insightful look at the core fundamentals
Trip.com Group Ltd ADR’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.17 and a Current Ratio set at 1.23.
Earnings per share (EPS) analysis for Trip.com Group Ltd ADR [TCOM] stock
With the latest financial reports released by the company, Trip.com Group Ltd ADR posted 0.43/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 72.00%. 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 TCOM.
Trip.com Group Ltd ADR [TCOM]: Institutional Ownership
The top three institutional holders of TCOM 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 TCOM stocks shares; and BERKSHIRE HATHAWAY INC, currently with $156.75 billion in TCOM stock with ownership which is approximately 5.8325%.
