Trip.com Group Limited (NASDAQ:TCOM) traded at $29.91 at last check on Friday, Oct 16, making an upward move of 0.54% on its previous day’s price.
Looking at the stock we see that its previous close was $29.75 and the beta (5Y monthly) reads 1.31 with the day’s price range being $29.67 – 30.12. The company has a 12-month trailing PE ratio of 0. In terms of its 52-week price range, TCOM has a high of $38.95 and a low of $20.1. The company’s stock has gained about 0.77% over that past 30 days.
Trip.com has a market cap of $18.05 Billion and is expected to release its quarterly earnings report on Nov 11, 2020- Nov 16, 2020. With its Forward Dividend at 0 and a yield of 0%, the company’s investors could be worried for the TCOM stock to lose ahead of the earnings release. Estimates by analysts give the company expected earnings per share (EPS) of $0.17, with the EPS growth for the year declined at -$0.52 for 2020 and $1.21 for next year. These figures represent -1.34% and at -3.33% growth in EPS for the two years respectively.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $768.93 Million, with a low of $750.07 Million and a high of $793.72 Million. The median projection represents growth adding up to -48.6% compared to sales earnings for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecasts for 2020 are expected to hit $2.69 Billion, or -47.1% down from figures reported last year.
There have been 1 upward and no downward revisions for the stock’s EPS in last 7 days, something that reflects the nature of company’s price movement in short term. On the other hand, looking at the outlook for the TCOM stock, short term indicators assign the stock an average of 50% Buy, while medium term indicators assign it an average of 100% Buy. Long term indicators on average place the stock in the category of 50% Buy.
Based on estimates by 35 analysts where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 15 have rated the Trip.com Group Limited (TCOM) stock as a Hold, while 18 rate it as a Buy. 1 analysts rate it as outperform while none of them rated it as underperform, whereas 1 suggests the stock as a Sell. The stock has an overall rating of Overweight and investors could take advantage and scoop up stock of the company.
Let’s briefly compare Trip.com (TCOM) stock to its peers. We find that today’s price change of +0.54% and -1.68% over the past 12 months for TCOM betters that of Royal Caribbean Cruises Ltd (RCL), which has seen its stock price fall -0.93% in the latest trading session and is -46.1% over the last one year. Another of its peers Live Nation Entertainment (LYV) has climbed 0.42% today, but is -20.29% down over the past year, while Carnival Corp (CCL) is also up 0.54% yet its price remains in the red at -1.68% over the same period. Royal has a P/E ratio of 0 compared to Trip.com’s 0 and Live’s 0. In contrast to these companies, both the S&P 500 Index and the Dow Jones Industrial are today at 0.01% and 0.39%, respectively, in early deals.
Coming back to Trip.com Group Limited (NASDAQ:TCOM), we note that the average 3-month trading volume was 4.4 Million, while that of the preceding 10-day period stands at 3.62 Million. Current shares outstanding are 593.07 Million.
According to data from Thomson Reuters, insiders hold 4.37% of the company’s shares while institutions hold 63.58%. The data shows that short shares as of September 29, 2020, stood at 12.22 Million at a short ratio of 2.71. This represents a 2.06% Short interest in Shares outstanding on September 29, 2020. Shares short rose in September from the previous month at 11.93 Million. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock -10.82% down in year-to-date price movement.