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Trip.com Group Limited (NASDAQ:TCOM) – Analysts See The Stock Differently Today

In the last trading session, 4.31 million shares of the Trip.com Group Limited (NASDAQ:TCOM) were traded, and its beta was 0.53. Most recently the company’s share price was $32.96, and it changed around -$0.95 or -2.80% from the last close, which brings the market valuation of the company to $23.33B. TCOM currently trades at a discount to its 52-week high of $40.17, offering almost -21.88% off that amount. The share price’s 52-week low was $18.66, which indicates that the current value has risen by an impressive 43.39% since then. We note from Trip.com Group Limited’s average daily trading volume that its 10-day average is 4.28 million shares, with the 3-month average coming to 4.56 million.

Trip.com Group Limited (NASDAQ:TCOM) trade information

Instantly TCOM has showed a red trend with a performance of -2.80% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of 34.44 on Tuesday, 05/23/23 increased the stock’s daily price by 4.3%. The company’s shares are currently down -4.19% year-to-date, but still down -2.92% over the last five days. On the other hand, Trip.com Group Limited (NASDAQ:TCOM) is -7.91% down in the 30-day period. We can see from the shorts that 16.72 million shares have been sold at a short interest cover period of 4.58 day(s).

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The consensus price target as assigned by Wall Street analysts is $321.72, which translates to bulls needing to increase their stock price by 89.76% from its current value. Analyst projections state that TCOM is forecast to be at a low of $233.64 and a high of $399.81. In order for the stock price to hit the forecast high, the stock would need to plunge -1113.02% from its current level, while the stock would need to crash -608.86% from its current level to reach the projected low.

Trip.com Group Limited (TCOM) estimates and forecasts

Trip.com Group Limited share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 16.26 percent over the past six months and at a 275.86% annual growth rate that is well above the industry average of 8.80%. Moreover, analysts have decided to roll up on their fiscal year 2023 revenue estimates. The rating firms predict that it will gain 2,700.00% in revenue this quarter, and will report an increase of 725.00% in the next quarter. The year-over-year growth rate is expected to be 69.60%, up from the previous year.

Consensus estimates provided by 14 financial analysts predict the company will bring in an average of $1.14 billion in revenue for the current quarter. 12 analysts expect Trip.com Group Limited to make $1.14 billion in revenue for the quarter ending Jun 2023. The company’s sales for the same quarters a year ago were $570.93 million and $502.89 million respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 100.30%. Forecasts for the next quarter put sales growth at 127.60%.

Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -8.70%.

TCOM Dividends

Trip.com Group Limited’s next quarterly earnings report is expected to be released around June 26 and June 30.

Trip.com Group Limited (NASDAQ:TCOM)’s Major holders

Upon looking at major shareholders, it appears that insiders hold 0.00% of Trip.com Group Limited shares, and 53.42% of them are in the hands of institutional investors. The stock currently has a share float of 53.42%. Trip.com Group Limited stock is held by 568 institutions, with Blackrock Inc. being the largest institutional investor. By Mar 30, 2023, it held 4.50% of the shares, which is about 30.79 million shares worth $1.01 billion.

Morgan Stanley, with 4.50% or 30.78 million shares worth $1.01 billion as of Mar 30, 2023, holds the second largest percentage of outstanding shares.

Vanguard International Stock Index-Emerging Markets Stk and Vanguard International Stock Index-Total Intl Stock Indx were the top two Mutual Funds as of Jan 30, 2023. The former held 7.39 million shares worth $243.71 million, making up 1.08% of all outstanding shares. On the other hand, Vanguard International Stock Index-Total Intl Stock Indx held roughly 7.02 million shares worth around $231.3 million, which represents about 1.03% of the total shares outstanding.

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