Reviewing The Case For TripAdvisor Inc. (TRIP) Going Higher

Currently, there are 128.05M common shares owned by the public and among those 102.71M shares have been available to trade.

Insiders at the company have transacted a total of 60 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 33 of these insider trades were purchases, accounting for 350,163 shares. Insider sales of the common stock occurred on 27 occasions, with total insider shares sold totaling 107,397 shares.

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The company’s stock has a 5-day price change of 18.20% and 46.57% over the past three months. TRIP shares are trading 18.25% year to date (YTD), with the 12-month market performance up to 5.82% higher. It has a 12-month low price of $14.15 and touched a high of $27.30 over the same period. TRIP has an average intraday trading volume of 4.27 shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 18.74%, 24.45%, and 46.34% respectively.

Institutional ownership of TripAdvisor Inc. (NASDAQ: TRIP) shares accounts for 75.07% of the company’s 128.05M shares outstanding.

It has a market capitalization of $3.51B and a beta (3y monthly) value of 1.52. The earnings-per-share (ttm) stands at -$0.18. Price movements for the stock have been influenced by the stock’s volatility, which stands at 4.77% over the week and 3.18% over the month.

Analysts forecast that TripAdvisor Inc. (TRIP) will achieve an EPS of $0.22 for the current quarter, $0.11 for the next quarter and $1.53 for 2024. The lowest estimate earnings-per-share for the quarter is $0.15 while analysts give the company a high EPS estimate of $0.36. Comparatively, EPS for the current quarter was $0.16 a year ago. Earnings per share for the fiscal year are expected to increase by 47.82%, and 39.87% over the next financial year.

Looking at the support for the TRIP, a number of firms have released research notes about the stock. BMO Capital Markets stated their Market Perform rating for the stock in a research note on January 09, 2024, with the firm’s price target at $20.

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