Airbnb Inc (NASDAQ: ABNB) – Not A Clear Buying Opportunity?

Airbnb Inc (ABNB) concluded trading on Thursday at a closing price of $125.29, with 2.22 million shares of worth about $278.58 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -21.12% during that period and on October 03, 2024 the price saw a loss of about -0.71%. Currently the company’s common shares owned by public are about 438.00M shares, out of which, 423.81M shares are available for trading.

Stock saw a price change of -3.06% in past 5 days and over the past one month there was a price change of 8.75%. Year-to-date (YTD), ABNB shares are showing a performance of -7.97% which decreased to -1.91% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $110.38 but also hit the highest price of $170.10 during that period. The average intraday trading volume for Airbnb Inc shares is 4.79 million. The stock is currently trading 1.77% above its 20-day simple moving average (SMA20), while that difference is up 1.87% for SMA50 and it goes to -13.07% lower than SMA200.

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Airbnb Inc (NASDAQ: ABNB) currently have 438.00M outstanding shares and institutions hold larger chunk of about 51.82% of that.

The stock has a current market capitalization of $79.37B and its 3Y-monthly beta is at 1.17. PE ratio of stock for trailing 12 months is 17.06, while it has posted earnings per share of $7.34 in the same period. Its PEG reads 0.92 and has Quick Ratio of 1.41 while making debt-to-equity ratio of 0.28. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for ABNB, volatility over the week remained 2.05% while standing at 2.47% over the month.

Stock’s fiscal year EPS is expected to drop by -43.12% while it is estimated to increase by 11.56% in next year.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Raymond James on September 27, 2024 offering a Mkt perform rating for the stock and assigned a target price of $134 to it. Coverage by Cantor Fitzgerald stated Airbnb Inc (ABNB) stock as an Underweight in their note to investors on September 05, 2024, suggesting a price target of $94 for the stock. On September 04, 2024, Argus Downgrade their recommendations, while on May 28, 2024, Wedbush Upgrade their ratings for the stock with a price target of $165. Stock get a Hold rating from HSBC Securities on May 09, 2024.

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