Airbnb Inc (NASDAQ: ABNB) Is Up 11.07% In A Month. Could There Be Any Hope That It Will Rise Soon?

During the recent session, Airbnb Inc (NASDAQ:ABNB)’s traded shares were 3.48 million, with the beta value of the company hitting 1.16. At the last check today, the stock’s price was $130.37, reflecting an intraday gain of 6.49% or $7.95. The 52-week high for the ABNB share is $170.10, that puts it down -30.47 from that peak though still a striking 15.33% gain since the share price plummeted to a 52-week low of $110.38. The company’s market capitalization is $82.59B, and the average intraday trading volume over the past 10 days was 3.96 million shares, and the average trade volume was 4.71 million shares over the past three months.

Airbnb Inc (ABNB) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 2.89. ABNB has a Sell rating from 3 analyst(s) out of 29 analysts who have looked at this stock. 11 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 15 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be 2.16.

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Airbnb Inc (NASDAQ:ABNB) trade information

Airbnb Inc (ABNB) registered a 6.49% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 6.49% in intraday trading to $130.37, hitting a weekly high. The stock’s 5-day price performance is 11.09%, and it has moved by 11.07% in 30 days. Based on these gigs, the overall price performance for the year is -8.09%. The short interest in Airbnb Inc (NASDAQ:ABNB) is 13.24 million shares and it means that shorts have 2.22 day(s) to cover.

The consensus price target of analysts on Wall Street is $148, which implies an increase of 11.91% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $50 and $220 respectively. As a result, ABNB is trading at a discount of -68.75% off the target high and 61.65% off the low.

Airbnb Inc (ABNB) estimates and forecasts

Statistics show that Airbnb Inc has underperformed its competitors in share price, compared to the industry in which it operates. Airbnb Inc (ABNB) shares have gone down -20.85% during the last six months, with a year-to-date growth rate less than the industry average at -39.36% against 9.00. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to shrink -67.40% this quarter and then jump 1.40% in the quarter after that. In the rating firms’ projections, revenue will increase 19.70% compared to the previous financial year.

As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 3.71B as predicted by 34 analyst(s). Meanwhile, a consensus of 34 analyst(s) estimates revenue growth to 2.42B by the end of current fiscal year.

While earnings are projected to return -42.89% in 2024, the next five years will return 18.60% per annum.

ABNB Dividends

Airbnb Inc is due to release its next quarterly earnings on 2024-Oct-30. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.

Airbnb Inc (NASDAQ:ABNB)’s Major holders

Airbnb Inc insiders own 1.01% of total outstanding shares while institutional holders control 77.48%, with the float percentage being 78.27%. VANGUARD GROUP INC is the largest shareholder of the company, while 1657.0 institutions own stock in it. As of 2024-06-30, the company held over 36.51 million shares (or 5.7232% of all shares), a total value of $5.54 billion in shares.

The next largest institutional holding, with 28.22 million shares, is of BLACKROCK INC.’s that is approximately 4.4226% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $4.28 billion.