Now Is A Suitable Moment For A Long-Term Purchase Of Airbnb Inc (NASDAQ: ABNB)

Currently, there are 438.00M common shares owned by the public and among those 419.24M shares have been available to trade.

The company’s stock has a 5-day price change of 0.54% and -4.88% over the past three months. ABNB shares are trading 11.98% year to date (YTD), with the 12-month market performance up to 16.98% higher. It has a 12-month low price of $113.24 and touched a high of $170.10 over the same period. ABNB has an average intraday trading volume of 3.94 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 1.84%, 1.46%, and 5.77% respectively.

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Institutional ownership of Airbnb Inc (NASDAQ: ABNB) shares accounts for 53.10% of the company’s 438.00M shares outstanding.

It has a market capitalization of $96.78B and a beta (3y monthly) value of 1.19. The stock’s trailing 12-month PE ratio is 20.42, while the earnings-per-share (ttm) stands at $7.46. The company has a PEG of 1.10 and a Quick Ratio of 1.44 with the debt-to-equity ratio at 0.29. Price movements for the stock have been influenced by the stock’s volatility, which stands at 1.93% over the week and 1.80% over the month.

Earnings per share for the fiscal year are expected to decrease by -37.47%, and 13.19% over the next financial year.

Looking at the support for the ABNB, a number of firms have released research notes about the stock. Wedbush stated their Outperform rating for the stock in a research note on May 28, 2024, with the firm’s price target at $160-$165. HSBC Securities coverage for the Airbnb Inc (ABNB) stock in a research note released on May 09, 2024 offered a Hold rating with a price target of $156. Mizuho was of a view on April 24, 2024 that the stock is Buy, while The Benchmark Company gave the stock Buy rating on April 11, 2024, issuing a price target of $190. Needham on their part issued Hold rating on April 11, 2024.

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