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Why Did Trip.com Group Limited (NASDAQ: TCOM) Drop So Much?

Trip.com Group Limited (NASDAQ:TCOM) traded at $26.70 at close of the session on Tuesday, 09/20/22, made an upward move of 3.77% on its previous day’s price.

Looking at the stock we see that its previous close was $25.73 and the beta (5Y monthly) reads 0.70 with the day’s price range being $26.61 – $27.71. In terms of its 52-week price range, TCOM has a high of $33.27 and a low of $14.29. The company’s stock has gained about 2.26% over that past 30 days.

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Trip.com Group Limited has a market cap of $17.74 billion and is expected to release its quarterly earnings report on Mar 01, 2022 – Mar 07, 2022.

There have been no 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 100% 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.

Looking further, we note the current price level is 1.92% off its SMA20 and 2.38% from its 50-day simple moving average. The RSI (14) is pointing at 54.61 while the volatility over the past week is 4.41% and jumps to 4.50% over the past one month. The beta value is 0.60, while the average true range (ATR) is currently pointing at 1.17. The average price target for the stock over the next 12 months is $216.71, with the estimates having a low of $180.92 and a high of $258.19. These price ends are -577.6% and -867.0% off the current price level respectively, although investors could be excited at the prospect of a -701.46% if the TCOM share price touches on the median price of $213.99.

Coming back to Trip.com Group Limited (NASDAQ:TCOM), we note that the average 3-month trading volume was 4.58 million, while that of the preceding 10-day period stands at 3.5 million. Current shares outstanding are 647.81 million.

The insiders hold 4.00% of the company’s shares while institutions hold 55.10%. The data shows that short shares as of Jul 14, 2022, stood at 12.3 million at a short ratio of 1.69. This represents a 1.92% short interest in shares outstanding on Jul 14, 2022. Shares short rose in July from the previous month at 12.19 million. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock 8.45% up in year-to-date price movement.

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