In the latest trading session, 1.08 million Mondee Holdings Inc (NASDAQ:MOND) shares changed hands as the company’s beta touched -0.32. With the company’s most recent per share price at $0.41 changed hands at -$0.3 or -41.59% at last look, the market valuation stands at $29.16M. MOND’s current price is a discount, trading about -692.68% off its 52-week high of $3.25. The share price had its 52-week low at $0.68, which suggests the last value was -65.85% down since then. When we look at Mondee Holdings Inc’s average trading volume, we note the 10-day average is 0.3 million shares, with the 3-month average coming to 146.01K.
Analysts gave the Mondee Holdings Inc (MOND) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.00. If we narrow down to specifics, the data shows that 0 out of 2 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 0 recommended MOND as a Hold, 2 felt it is a Buy and 0 rated the stock as Underweight. Mondee Holdings Inc’s EPS for the current quarter is expected to be -0.1.
Mondee Holdings Inc (NASDAQ:MOND) trade information
Instantly MOND was in red as seen in intraday trades today. With action -58.29%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -84.97%, with the 5-day performance at -58.29% in the red. However, in the 30-day time frame, Mondee Holdings Inc (NASDAQ:MOND) is -67.34% down. Looking at the short shares, we see there were 2.58 million shares sold at short interest cover period of 23.86 days.
The consensus price target for the stock as assigned by Wall Street analysts is 13, meaning bulls need an upside of 96.85% from its recent market value. According to analyst projections, MOND’s forecast low is 13 with 13 as the target high. To hit the forecast high, the stock’s price needs a -3070.73% plunge from its current level, while the stock would need to soar -3070.73% for it to hit the projected low.
Mondee Holdings Inc (MOND) estimates and forecasts
Data shows that the Mondee Holdings Inc share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -81.65% over the past 6 months, a -140.48% in annual growth rate that is considerably lower than the industry average of 17.80%. Year-over-year growth is forecast to reach 10.85% up from the last financial year.
Consensus estimates given by 2 financial analysts project the company’s revenue in the current quarter to hit an average of 54.59M. 2 analysts are of the opinion that Mondee Holdings Inc’s revenue for the current quarter will be 73.11M. The company’s revenue for the corresponding quarters a year ago was 54.53M and 61.05M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 0.11%. The estimates for the next quarter sales put growth at 19.74%.
The 2024 estimates are for Mondee Holdings Inc earnings to decrease by -146.34%.
MOND Dividends
Mondee Holdings Inc is expected to release its next quarterly earnings report in January.
Mondee Holdings Inc (NASDAQ:MOND)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 60.60% of Mondee Holdings Inc shares while 26.83% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 68.09%. There are 26.83% institutions holding the Mondee Holdings Inc stock share, with MORGAN STANLEY the top institutional holder. As of 2024-06-30, the company held 10.7884% of the shares, roughly 8.47 million MOND shares worth $20.32 million.
BLACKROCK INC. holds the second largest percentage of outstanding shares, with 3.5846% or 2.81 million shares worth $6.75 million as of 2024-06-30.
