Look For Institutional Buying In Trip.com Group Ltd ADR (NASDAQ: TCOM)

Trip.com Group Ltd ADR (TCOM) concluded trading on Wednesday at a closing price of $43.64, with 4.46 million shares of worth about $194.73 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 23.80% during that period and on March 27, 2024 the price saw a loss of about -2.26%. Currently the company’s common shares owned by public are about 660.10M shares, out of which, 660.06M shares are available for trading.

Stock saw a price change of -1.93% in past 5 days and over the past one month there was a price change of -1.53%. Year-to-date (YTD), TCOM shares are showing a performance of 21.19% which increased to 20.85% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $30.70 but also hit the highest price of $47.44 during that period. The average intraday trading volume for Trip.com Group Ltd ADR shares is 3.87 million. The stock is currently trading -0.84% below its 20-day simple moving average (SMA20), while that difference is up 6.18% for SMA50 and it goes to 17.31% higher than SMA200.

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Trip.com Group Ltd ADR (NASDAQ: TCOM) currently have 660.10M outstanding shares and institutions hold larger chunk of about 36.06% of that.

The stock has a current market capitalization of $28.81B and its 3Y-monthly beta is at 0.56. PE ratio of stock for trailing 12 months is 20.98, while it has posted earnings per share of $2.08 in the same period. It has Quick Ratio of 1.17 while making debt-to-equity ratio of 0.37. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for TCOM, volatility over the week remained 1.67% while standing at 1.96% over the month.

Analysts are in expectations that Trip.com Group Ltd ADR (TCOM) stock would likely to be making an EPS of $0.56 in the current quarter, while forecast for next quarter EPS is $0.68 and it is $3.09 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.49 which is $0.64 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.43 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -3.39% while it is estimated to increase by 16.57% in next year.

Coverage by JP Morgan stated Trip.com Group Ltd ADR (TCOM) stock as an Overweight in their note to investors on July 31, 2023, suggesting a price target of $50 for the stock. Stock get a Neutral rating from JP Morgan on January 30, 2023.

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