Airbnb Inc (NASDAQ: ABNB) Seen Running Too Hot, Let’s Look At This More Closely

Currently, there are 435.00M common shares owned by the public and among those 415.71M shares have been available to trade.

The company’s stock has a 5-day price change of -2.46% and 19.31% over the past three months. ABNB shares are trading 0.97% year to date (YTD), with the 12-month market performance up to 1.81% higher. 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 4.38 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 0.68%, 2.35%, and -3.52% respectively.

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Institutional ownership of Airbnb Inc (NASDAQ: ABNB) shares accounts for 53.24% of the company’s 435.00M shares outstanding.

It has a market capitalization of $87.15B and a beta (3y monthly) value of 1.13. The stock’s trailing 12-month PE ratio is 48.28, while the earnings-per-share (ttm) stands at $2.85. The company has a PEG of 3.22 and a Quick Ratio of 1.62 with the debt-to-equity ratio at 0.27. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.03% over the week and 2.65% over the month.

Earnings per share for the fiscal year are expected to decrease by -44.86%, and 11.32% over the next financial year.

Looking at the support for the ABNB, a number of firms have released research notes about the stock. Raymond James stated their Mkt Perform rating for the stock in a research note on September 27, 2024, with the firm’s price target at $134. Cantor Fitzgerald coverage for the Airbnb Inc (ABNB) stock in a research note released on September 05, 2024 offered a Underweight rating with a price target of $94. Argus was of a view on September 04, 2024 that the stock is Hold, while Wedbush gave the stock Outperform rating on May 28, 2024, issuing a price target of $160- $165. HSBC Securities on their part issued Hold rating on May 09, 2024.

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