Huazhu Group Limited (NASDAQ:HTHT) shares, rose in value on Friday, May 13, with the stock price up by 9.01% to the previous day’s close as strong demand from buyers drove the stock to $28.79.
Actively observing the price movement in the recent trading, the stock is buoying the session at $26.41, falling within a range of $25.50 and $27.46. The value of beta (5-year monthly) is 1.34. Referring to stock’s 52-week performance, its high was $59.49, and the low was $21.84. On the whole, HTHT has fluctuated by -15.70% over the past month.
With the market capitalization of Huazhu Group Limited currently standing at about $9.98 billion, investors are eagerly awaiting this quarter’s results, scheduled for May 23, 2022 – May 27, 2022. The company’s Forward Dividend Ratio is 0.21, with its dividend yield at 0.80%. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be -$0.38, which is expected to increase to $0.19 for fiscal year $0.2 and then to about $1.3 by fiscal year 2023. Data indicates that the EPS growth is expected to be 266.70% in 2023, while the next year’s EPS growth is forecast to be 550.00%.
Analysts have estimated the company’s revenue for the quarter at $384.43 million, with a low estimate of $338.99 million and a high estimate of $403.72 million. According to the average forecast, sales growth in current quarter could jump up 7.70%, compared to the corresponding quarter of last year. Wall Street analysts also predicted that in 2023, the company’s y-o-y revenues would reach $2.26 billion, representing an increase of 15.90% from the revenues reported in the last year’s results.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that HTHT’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium term indicators have put the stock in the category of 100% Sell while long term indicators on average have been pointing out that it is a 100% Sell.
19 analyst(s) have assigned their ratings of the stock’s forecast evaluation on a scale of 1.00-5.00 to indicate a strong buy to a strong sell recommendation. The stock is rated as a Hold by 0 analyst(s), 15 recommend it as a Buy and 4 called the HTHT stock Overweight. In the meantime, 0 analyst(s) believe the stock as Underweight and 0 think it is a Sell. Thus, investors eager to increase their holdings of the company’s stock will have an opportunity to do so as the average rating for the stock is Buy.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of HTHT currently trading nearly -2.54% and -8.37% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 46.64, while the 7-day volatility ratio is showing 6.77% which for the 30-day chart, stands at 6.27%. Furthermore, Huazhu Group Limited (HTHT)’s beta value is 1.32, and its average true range (ATR) is 1.99.
Data on historical trading for Huazhu Group Limited (NASDAQ:HTHT) indicates that the trading volumes over the past 3 months, they’ve averaged 2.17 million. According to company’s latest data on outstanding shares, there are 311.62 million shares outstanding.
Nearly 56.40% of Huazhu Group Limited’s shares belong to company insiders and institutional investors own 52.20% of the company’s shares. The stock has fallen by -28.83% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the HTHT stock heading into the next quarter.