Trip.com Group Ltd ADR [NASDAQ: TCOM] stock went on an upward path that rose over 2.77% on Thursday, amounting to a one-week price increase of more than 4.40%. 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.
Over the last 12 months, TCOM stock rose by 35.11%. The one-year Trip.com Group Ltd ADR stock forecast points to a potential upside of 9.32. The average equity rating for TCOM stock is currently 1.26, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $33.07 billion, with 660.10 million shares outstanding and 660.06 million shares in the current float. Compared to the average trading volume of 3.83M shares, TCOM stock reached a trading volume of 5036826 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on 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 $55.25 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 1.30, with the Price to Sales ratio for TCOM stock in the period of the last 12 months amounting to 5.27. The Price to Book ratio for the last quarter was 1.92, with the Price to Cash per share for the same quarter was set at 13.19.
TCOM Stock Performance Analysis:
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 4.40. With this latest performance, TCOM shares gained by 13.14% in over the last four-week period, additionally plugging by 46.32% over the last 6 months – not to mention a rise of 35.11% 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 71.30, with the RSI for the last a single of trading hit 74.37, and the three-weeks RSI is set at 69.11 for Trip.com Group Ltd ADR [TCOM]. The present Moving Average for the last 50 days of trading for this stock 43.59, while it was recorded at 48.96 for the last single week of trading, and 37.87 for the last 200 days.
Insight into Trip.com Group Ltd ADR 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.
TCOM Stock EPS
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. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Trip.com Group Ltd ADR go to 66.78%.
Trip.com Group Ltd ADR [TCOM] Institutonal Ownership Details
The top three institutional holders of TCOM stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.4983%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $200.69 billion in TCOM stocks shares; and BERKSHIRE HATHAWAY INC, currently with $174.35 billion in TCOM stock with ownership which is approximately 5.8386%.
