Despegar.com Corp [NYSE: DESP] surged by $0.78 during the normal trading session on while it closed the day at $18.49.
Despegar.com Corp stock has also gained 24.43% of its value over the past 7 days. However, DESP stock has inclined by 58.71% in the 3 months of the year. Over the past six months meanwhile, it has gained 27.25% and gained 95.45% year-on date.
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The market cap for DESP stock reached $1.23 billion, with 66.65 million shares outstanding and 47.39 million shares in the current float. Compared to the average trading volume of 917.23K shares, DESP reached a trading volume of 3286585 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 Despegar.com Corp [DESP]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for DESP shares is $18.00 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on DESP stock is a recommendation set at 1.33. 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.
Citigroup have made an estimate for Despegar.com Corp shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on April 29, 2024. While these analysts kept the previous recommendation, Cantor Fitzgerald raised their target price to Overweight. The new note on the price target was released on March 07, 2024, representing the official price target for Despegar.com Corp stock. Previously, the target price had yet another raise from $6.50 to $13, while Morgan Stanley kept a Overweight rating on DESP stock.
The Average True Range (ATR) for Despegar.com Corp is set at 0.81, with the Price to Sales ratio for DESP stock in the period of the last 12 months amounting to 1.63. Price to Free Cash Flow for DESP in the course of the last twelve months was 179.90 with Quick ratio for the last quarter at 0.83.
DESP stock trade performance evaluation
Despegar.com Corp [DESP] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 24.43. With this latest performance, DESP shares gained by 30.39% in over the last four-week period, additionally plugging by 27.25% over the last 6 months – not to mention a rise of 125.76% 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 DESP stock in for the last two-week period is set at 78.51, with the RSI for the last a single of trading hit 82.74, and the three-weeks RSI is set at 74.84 for Despegar.com Corp [DESP]. The present Moving Average for the last 50 days of trading for this stock 14.04, while it was recorded at 17.59 for the last single week of trading, and 12.45 for the last 200 days.
Despegar.com Corp [DESP]: An insightful look at the core fundamentals
Despegar.com Corp’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.83 and a Current Ratio set at 0.83.
Earnings per share (EPS) analysis for Despegar.com Corp [DESP] stock
With the latest financial reports released by the company, Despegar.com Corp posted 0.27/share EPS, while the average EPS was predicted by analysts to be reported at 0.13/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 0.14. 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 DESP. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Despegar.com Corp go to 29.35%.
Despegar.com Corp [DESP]: Institutional Ownership
The top three institutional holders of DESP stocks are: CATTERTON MANAGEMENT COMPANY, L.L.C. with ownership of 7.99 million shares, which is approximately 10.2933%. NEUBERGER BERMAN GROUP LLC, holding 4.61 million shares of the stock with an approximate value of $$60.93 million in DESP stocks shares; and NEUBERGER BERMAN GROUP LLC, currently with $$43.19 million in DESP stock with ownership which is approximately 4.2038%.
