Airbnb Inc [NASDAQ: ABNB] loss -1.99% or -2.33 points to close at $114.98 with a heavy trading volume of 4631628 shares.
The daily chart for ABNB points out that the company has recorded -27.27% loss over the past six months.
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If we look at the average trading volume of 4.61M shares, ABNB reached to a volume of 4631628 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying 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 $126.74 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 2.86. 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.
Wedbush have made an estimate for Airbnb Inc shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on May 28, 2024. While these analysts kept the previous recommendation, HSBC Securities dropped their target price from $160 to $156. The new note on the price target was released on May 09, 2024, representing the official price target for Airbnb Inc stock. Previously, the target price had yet another raise from $150 to $200, while Mizuho kept a Buy rating on ABNB stock.
The Average True Range (ATR) for Airbnb Inc is set at 3.42, with the Price to Sales ratio for ABNB stock in the period of the last 12 months amounting to 6.93. The Price to Book ratio for the last quarter was 9.11, with the Price to Cash per share for the same quarter was set at 17.82. Price to Free Cash Flow for ABNB in the course of the last twelve months was 17.49 with Quick ratio for the last quarter at 1.41.
Trading performance analysis for ABNB stock
Airbnb Inc [ABNB] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -0.63. With this latest performance, ABNB shares dropped by -10.33% in over the last four-week period, additionally sinking by -27.27% over the last 6 months – not to mention a drop of -12.60% 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 35.36, with the RSI for the last a single of trading hit 36.37, and the three-weeks RSI is set at 35.24 for Airbnb Inc [ABNB]. The present Moving Average for the last 50 days of trading for this stock 134.51, while it was recorded at 116.63 for the last single week of trading, and 145.23 for the last 200 days.
Airbnb Inc [ABNB]: A deeper dive into fundamental analysis
Airbnb Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.41 and a Current Ratio set at 1.41.
Airbnb Inc [ABNB]: An earnings per share (EPS) analysis
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 18.60%.
An analysis of Institutional ownership at Airbnb Inc [ABNB]
There are presently around $77.49%, or 78.33%% of ABNB stock, in the hands of institutional investors. The top three institutional holders of ABNB stocks are: VANGUARD GROUP INC with ownership of 36.51 million shares, which is approximately 5.7232%. BLACKROCK INC., holding 28.22 million shares of the stock with an approximate value of $$4.28 billion in ABNB stocks shares; and BLACKROCK INC., currently with $$3.39 billion in ABNB stock with ownership which is approximately 3.5021%.
