A new trading day began on Tuesday, with Despegar.com Corp (NYSE: DESP) stock price up 2.57% from the previous day of trading ,before settling in for the closing price of $12.05. DESP’s price has ranged from $4.92 to $12.94 over the past 52 weeks.
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Annual sales at Consumer Cyclical sector company grew by 34.77% over the past five years. Meanwhile, its annual earnings per share averaged 314.74%. With a float of $55.25 million, this company’s outstanding shares have now reached $66.06 million.
Despegar.com Corp (DESP) Insider Updates
As we move forward, let’s examine how large-scale investors are investing in this stock of the Travel Services Industry. The insider ownership of Despegar.com Corp is 16.37%, while institutional ownership is 63.83%.
Despegar.com Corp (DESP) Performance Highlights and Predictions
In its latest quarterly report, released on 12/30/2023, the company reported earnings of -$0.08 per share, which was $0.1 lower than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.16 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 314.74% per share during the next fiscal year.
Despegar.com Corp (NYSE: DESP) Trading Performance Indicators
Here are Despegar.com Corp’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 0.80. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.16. Likewise, its price to free cash flow for the trailing twelve months is 109.16.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.00, a number that is poised to hit 0.14 in the next quarter and is forecasted to reach 1.09 in one year’s time.
Technical Analysis of Despegar.com Corp (DESP)
Despegar.com Corp (NYSE: DESP) saw its 5-day average volume 0.8 million, a positive change from its year-to-date volume of 0.58 million. As of the previous 9 days, the stock’s Stochastic %D was 51.89%. Additionally, its Average True Range was 0.53.
During the past 100 days, Despegar.com Corp’s (DESP) raw stochastic average was set at 90.40%, which indicates a significant increase from 71.50% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 50.82% in the past 14 days, which was lower than the 53.17% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $9.90, while its 200-day Moving Average is $8.34. Nevertheless, the first resistance level for the watch stands at $12.60 in the near term. At $12.84, the stock is likely to face the second major resistance level. The third major resistance level sits at $13.10. If the price goes on to break the first support level at $12.09, it is likely to go to the next support level at $11.83. Assuming the price breaks the second support level, the third support level stands at $11.59.
Despegar.com Corp (NYSE: DESP) Key Stats
With a market capitalization of 816.50 million, the company has a total of 66,056K Shares Outstanding. Currently, annual sales are 706,040 K while annual income is 29,040 K. The company’s previous quarter sales were 203,660 K while its latest quarter income was 1,350 K.
