A new trading day began on Tuesday, with Airbnb Inc (NASDAQ: ABNB) stock price up 4.12% from the previous day of trading, before settling in for the closing price of $125.31. ABNB’s price has ranged from $113.24 to $170.10 over the past 52 weeks.
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A company in the Consumer Cyclical sector has jumped its sales by 27.50% annually for the last half of the decade. Meanwhile, its annual earnings per share averaged -37.19%. With a float of $423.10 million, this company’s outstanding shares have now reached $438.00 million.
In an organization with 6907 employees, it is important to assess its efficiency.
Airbnb Inc (ABNB) Insider and Institutional Ownership
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 Airbnb Inc is 33.35%, while institutional ownership is 53.78%. The most recent insider transaction that took place on Aug 06 ’24, was worth 75,942. Before that another transaction happened on Aug 05 ’24, when Company’s Officer proposed sale 83,654 for $123.96, making the entire transaction worth $10,369,750.
Airbnb Inc (ABNB) Latest Financial update
Wall Street market experts anticipate that the next fiscal year will bring earnings of 2.44 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -37.19% per share during the next fiscal year.
Airbnb Inc (NASDAQ: ABNB) Trading Performance Indicators
Here are Airbnb Inc’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 1.44. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 8.09. Likewise, its price to free cash flow for the trailing twelve months is 19.89.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 7.46, a number that is poised to hit 2.43 in the next quarter and is forecasted to reach 5.15 in one year’s time.
Technical Analysis of Airbnb Inc (ABNB)
Let’s dig in a bit further. During the last 5-days, its volume was 6.98 million. That was better than the volume of 4.42 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 20.42%. Additionally, its Average True Range was 4.35.
During the past 100 days, Airbnb Inc’s (ABNB) raw stochastic average was set at 17.51%, which indicates a significant decrease from 28.81% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 35.42% in the past 14 days, which was higher than the 28.18% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $146.16, while its 200-day Moving Average is $145.46. However, in the short run, Airbnb Inc’s stock first resistance to watch stands at $132.51. Second resistance stands at $134.56. The third major resistance level sits at $137.66. If the price goes on to break the first support level at $127.36, it is likely to go to the next support level at $124.26. The third support level lies at $122.21 if the price breaches the second support level.
Airbnb Inc (NASDAQ: ABNB) Key Stats
With a market capitalization of 82.83 billion, the company has a total of 644,044K Shares Outstanding. Currently, annual sales are 9,917 M while annual income is 4,792 M. The company’s previous quarter sales were 2,142 M while its latest quarter income was 264,000 K.
