In today’s recent session, 2.95 million shares of the Trip.com Group Ltd ADR (NASDAQ:TCOM) have been traded, and its beta is 0.39. Most recently the company’s share price was $46.46, and it changed around $0.49 or 1.06% from the last close, which brings the market valuation of the company to $29.92B. TCOM at last check was trading at a discount to its 52-week high of $58.00, offering almost -24.84% off that amount. The share price’s 52-week low was $31.55, which indicates that the recent value has risen by an impressive 32.09% since then. We note from Trip.com Group Ltd ADR’s average daily trading volume that its 10-day average is 3.75 million shares, with the 3-month average coming to 3.40 million.
Trip.com Group Ltd ADR (NASDAQ:TCOM) trade information
Instantly TCOM has been showing a green trend so far today with a performance of 1.06% on intraday trading today. The performance over the last five days has remained in the green territory. The rise to weekly highs of 47.29 on recent trading dayincreased the stock’s daily price by 1.76%. The company’s shares are currently up 29.02% year-to-date, but still up 8.07% over the last five days. On the other hand, Trip.com Group Ltd ADR (NASDAQ:TCOM) is 10.69% up in the 30-day period. We can see from the shorts that 10.29 million shares have been sold at a short interest cover period of 3.04 day(s).
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The consensus price target as assigned by Wall Street analysts is $47, which translates to bulls needing to increase their stock price by 1.15% from its current value. Analyst projections state that TCOM is forecast to be at a low of $30 and a high of $76.
Trip.com Group Ltd ADR (TCOM) estimates and forecasts
Trip.com Group Ltd ADR 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 4.49 percent over the past six months and at a 16.79% annual growth rate that is well above the industry average of 1.00%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will loss -7.80% in revenue this quarter, and will report an increase of 60.50% in the next quarter. The year-over-year growth rate is expected to be 19.40%, up from the previous year.
Consensus estimates provided by 13 financial analysts predict the company will bring in an average of 2.19B in revenue for the current quarter. 11 analysts expect Trip.com Group Ltd ADR to make 1.69B in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 1.93B and 1.43B respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 13.70%. Forecasts for the next quarter put sales growth at 18.10%.
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -3.22%. Trip.com Group Ltd ADR earnings are expected to increase by 20.74% in 2024, but the outlook is positive 11.51% per year for the next five years.
TCOM Dividends
Trip.com Group Ltd ADR’s next quarterly earnings report is expected to be released in September.
Trip.com Group Ltd ADR (NASDAQ:TCOM)’s Major holders
MORGAN STANLEY, with 3.6509% or 23.78 million shares worth $1.12 billion as of 2024-06-30, holds the second largest percentage of outstanding shares.
New Perspective Fund Inc and Capital World Growth and Income Fund were the top two Mutual Funds as of Jun 30, 2024 . The former held 17.23 shares worth $803.62 million, making up 2.65% of all outstanding shares. On the other hand, Capital World Growth and Income Fund held roughly 13.32 shares worth around $621.22 million, which represents about 2.05% of the total shares outstanding.
