Airbnb Inc. (NASDAQ:ABNB) price on Wednesday, August 25, fall -0.66% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $160.35.
A look at the stock’s price movement, the close in the last trading session was $161.42, moving within a range at $158.00 and $163.0587. Turning to its 52-week performance, $219.94 and $121.50 were the 52-week high and 52-week low respectively. Overall, ABNB moved 13.26% over the past month.
Airbnb Inc.’s market cap currently stands at around $100.07 billion, with investors looking forward to this quarter’s earnings report slated for Aug 12, 2021. Analysts project the company’s earnings per share (EPS) to be -$0.47, which has seen fiscal year 2021 EPS growth forecast to increase to -$1.89 and about -$0.05 for fiscal year 2022. Per the data, EPS growth is expected to be 87.90% for 2021 and 97.40% for the next financial year.
Analysts have a consensus estimate of $1.34 billion for the company’s revenue for the quarter, with a low and high estimate of $962 million and $1.39 billion respectively. Wall Street analysts have also projected the company’s year-on-year revenue for 2021 to grow to $5.62 billion, representing a 66.30% jump on that reported in the last financial year.
Revisions could be used as tool to get short term price movement insight, and for the company that in the past seven days was 2 upward and no downward review(s).
ABNB’s current price about 8.61% and 9.60% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 65.66, while 7-day volatility ratio is 4.06% and 3.17% in the 30-day chart. Further, Airbnb Inc. (ABNB) has a beta value of 0, and an average true range (ATR) of 5.13.
In the market, a comparison of Airbnb Inc. (ABNB) and its peers suggest the former has performed considerably weaker. Elsewhere, the overall performance for the S&P 500 and Dow Jones Industrial shows that the indexes are up 0.22% and 0.11% respectively in the last trading.
If we refocus on Airbnb Inc. (NASDAQ:ABNB), historical trading data shows that trading volumes averaged 7.64 million over the past 3 months. The company’s latest data on shares outstanding shows there are 611.74 million shares.
The 4.20% of Airbnb Inc.’s shares are in the hands of company insiders while institutional holders own 47.70% of the company’s shares. Current price change has pushed the stock 9.23% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the ABNB stock continues to rise going into the next quarter.