With over 0.46 million Despegar.com Corp (DESP) shares trading Friday and a closing price of $9.37 on the day, the dollar volume was approximately $4.3 million. The shares have shown a positive half year performance of 36.19% and its price on 01/12/24 lost nearly -3.00%. Currently, there are 66.06M common shares owned by the public and among those 55.25M shares have been available to trade.
An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 5 analysts who have offered their price forecasts for DESP have a consensus price objective of $11.40. The analysts have set the share’s price value over the next 12 months at a high of $15.00 and a low of $9.00. The average price target is 17.81% above its recent price level and a downside to the estimated low will see the stock lose -4.11% over that period. But an upside of 37.53% will see the stock hit the forecast high price target while median target price for the stock is $11.00.
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Shares of Despegar.com Corp (NYSE: DESP) opened at $9.67, up $0.01 from a prior closing price of $9.66. However, the script later moved the day high at 9.72, down -3.00%. The company’s stock has a 5-day price change of -0.64% and 38.20% over the past three months. DESP shares are trading -0.95% year to date (YTD), with the 12-month market performance up to 68.83% higher. It has a 12-month low price of $4.91 and touched a high of $10.27 over the same period. DESP has an average intraday trading volume of 308.89K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -0.23%, 11.38%, and 29.84% respectively.
Institutional ownership of Despegar.com Corp (NYSE: DESP) shares accounts for 60.66% of the company’s 66.06M shares outstanding.
It has a market capitalization of $618.98M and a beta (3y monthly) value of 2.05. The earnings-per-share (ttm) stands at -$0.53. Price movements for the stock have been influenced by the stock’s volatility, which stands at 4.40% over the week and 4.95% over the month.
Analysts forecast that Despegar.com Corp (DESP) will achieve an EPS of $0.15 for the current quarter, $0.16 for the next quarter and $0.68 for 2024. The lowest estimate earnings-per-share for the quarter is $0.11 while analysts give the company a high EPS estimate of $0.2. Comparatively, EPS for the current quarter was -$0.3 a year ago. Earnings per share for the fiscal year are expected to increase by 137.78%, and 41.61% over the next financial year.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 5 brokerage firm advisors rate Despegar.com Corp (DESP) as a “Strong Buy” at a consensus score of 1.00. Specifically, 5 Wall Street analysts polled rate the stock as a buy, while 0 of the 5 advise that investors “hold,” and 0 rated it as a “Sell.”
Looking at the support for the DESP, a number of firms have released research notes about the stock. Morgan Stanley stated their Overweight rating for the stock in a research note on August 11, 2023, with the firm’s price target at $6.50-$13.
