In the latest trading session, 5.18 million Trip.com Group Ltd ADR (NASDAQ:TCOM) shares changed hands as the company’s beta touched 0.63. With the company’s most recent per share price at $33.26 changed hands at -$3.41 or -9.30% at last look, the market valuation stands at $21.95B. TCOM’s current price is a discount, trading about -31.06% off its 52-week high of $43.59. The share price had its 52-week low at $25.19, which suggests the last value was 24.26% up since then. When we look at Trip.com Group Ltd ADR’s average trading volume, we note the 10-day average is 3.18 million shares, with the 3-month average coming to 4.02 million.
Trip.com Group Ltd ADR (NASDAQ:TCOM) trade information
Instantly TCOM was in red as seen in intraday trades today. With action -5.94%, the performance over the past five days has been red. The drop to weekly highs of 36.71 on Monday, 11/20/23 subtracted -9.30% to the stock’s daily price. The company’s shares are showing year-to-date downside of -3.31%, with the 5-day performance at -5.94% in the red. However, in the 30-day time frame, Trip.com Group Ltd ADR (NASDAQ:TCOM) is -1.63% down. Looking at the short shares, we see there were 11.42 million shares sold at short interest cover period of 2.58 days.
The consensus price target for the stock as assigned by Wall Street analysts is $365.22, meaning bulls need an upside of 90.89% from its recent market value. According to analyst projections, TCOM’s forecast low is $309.09 with $474.25 as the target high. To hit the forecast high, the stock’s price needs a -1325.89% plunge from its current level, while the stock would need to soar -829.31% for it to hit the projected low.
Trip.com Group Ltd ADR (TCOM) estimates and forecasts
Data shows that the Trip.com Group Ltd ADR share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 0.91% over the past 6 months, a 634.48% in annual growth rate that is considerably higher than the industry average of 24.70%. Moreover, analysts have looked to higher expectations by upgrading its fiscal year 2023 revenue estimates. The rating firms predict current quarter revenue for Trip.com Group Ltd ADR will rise 154.50%, while the growth in revenue is estimated to hit 14.00% for the next quarter. Year-over-year growth is forecast to reach 114.70% up from the last financial year.
Consensus estimates given by 11 financial analysts project the company’s revenue in the current quarter to hit an average of $1.47 billion. 3 analysts are of the opinion that Trip.com Group Ltd ADR’s revenue for the quarter ending Mar 2024 will be $1.54 billion. The company’s revenue for the corresponding quarters a year ago was $727.34 million and $1.28 billion respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 101.90%. The estimates for the next quarter sales put growth at 20.30%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -41.95%. The 2023 estimates are for Trip.com Group Ltd ADR earnings to increase by 635.58%.