Airbnb Inc (NASDAQ: ABNB) Loses -32.32% From High. Why That Could Change?

Currently, there are 438.00M common shares owned by the public and among those 423.57M shares have been available to trade.

The company’s stock has a 5-day price change of 0.12% and -22.25% over the past three months. ABNB shares are trading -15.44% year to date (YTD), with the 12-month market performance down to -21.05% lower. It has a 12-month low price of $110.38 and touched a high of $170.10 over the same period. ABNB has an average intraday trading volume of 4.68 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 -1.16%, -12.61%, and -20.60% respectively.

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Institutional ownership of Airbnb Inc (NASDAQ: ABNB) shares accounts for 51.76% of the company’s 438.00M shares outstanding.

It has a market capitalization of $72.93B and a beta (3y monthly) value of 1.15. The stock’s trailing 12-month PE ratio is 15.68, while the earnings-per-share (ttm) stands at $7.34. The company has a PEG of 0.84 and a Quick Ratio of 1.41 with the debt-to-equity ratio at 0.28. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.66% over the week and 2.30% over the month.

Analysts forecast that Airbnb Inc (ABNB) will achieve an EPS of 2.16 for the current quarter, 0.73 for the next quarter and 4.6 for current fiscal year. The lowest estimate earnings-per-share for the quarter is 1.84 while analysts give the company a high EPS estimate of 1.84. Comparatively, EPS for the current quarter was 6.63 a year ago. Earnings per share for the fiscal year are expected to decrease by -42.61%, and 11.39% over the next financial year.

Looking at the support for the ABNB, a number of firms have released research notes about the stock. Cantor Fitzgerald stated their Underweight rating for the stock in a research note on September 05, 2024, with the firm’s price target at $94. Wedbush was of a view on May 28, 2024 that the stock is Outperform, while HSBC Securities gave the stock Hold rating on May 09, 2024, issuing a price target of $160- $156. Mizuho on their part issued Buy rating on April 24, 2024.

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