Investors Should Take Note Of Airbnb Inc (ABNB)

Airbnb Inc (ABNB) concluded trading on Thursday at a closing price of $129.35, with 4.74 million shares of worth about $613.59 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -13.52% during that period and on December 19, 2024 the price saw a gain of about 1.42%. Currently the company’s common shares owned by public are about 435.00M shares, out of which, 414.28M shares are available for trading.

Stock saw a price change of -5.91% in past 5 days and over the past one month there was a price change of -1.59%. Year-to-date (YTD), ABNB shares are showing a performance of -4.99% which decreased to -11.95% 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 4.46 million. The stock is currently trading -4.79% below its 20-day simple moving average (SMA20), while that difference is down -4.61% for SMA50 and it goes to -8.43% lower than SMA200.

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Airbnb Inc (NASDAQ: ABNB) currently have 435.00M outstanding shares and institutions hold larger chunk of about 53.23% of that.

The stock has a current market capitalization of $82.00B and its 3Y-monthly beta is at 1.14. PE ratio of stock for trailing 12 months is 45.43, while it has posted earnings per share of $2.85 in the same period. Its PEG reads 3.03 and has Quick Ratio of 1.62 while making debt-to-equity ratio of 0.27. 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 3.37% while standing at 2.81% over the month.

Stock’s fiscal year EPS is expected to drop by -44.98% while it is estimated to increase by 10.35% 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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