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Trip.com Group Limited (NASDAQ: TCOM) Is Up 8.73% Year-To-Date, But There Is Speculation That It Will Rally

Trip.com Group Limited (NASDAQ:TCOM) traded at $26.84 at last check on Wednesday, November 23, made an upward move of 0.26% on its previous day’s price.

Looking at the stock we see that its previous close was $26.77 and the beta (5Y monthly) reads 0.54 with the day’s price range being $26.125 – $27.07. In terms of its 52-week price range, TCOM has a high of $31.15 and a low of $14.29. The company’s stock has gained about 31.48% over that past 30 days.

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Trip.com Group Limited has a market cap of $17.97 billion and is expected to release its quarterly earnings report on Dec 13, 2022 – Dec 19, 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 75% Buy, while medium term indicators assign it an average of 50% Buy. Long term indicators on average place the stock in the category of 100% Buy.

Based on estimates by 33 analysts, where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 4 have rated the Trip.com Group Limited (TCOM) stock as a Hold, while 26 rate it as a Buy. 3 analyst(s) rate it as overweight while 0 of them rated it as underweight, whereas 0 suggest the stock as a Sell. The stock has an overall rating of Buy and investors could take advantage and scoop up stock of the company.

Looking further, we note the current price level is 1.36% off its SMA20 and 3.18% from its 50-day simple moving average. The RSI (14) is pointing at 50.81 while the volatility over the past week is 4.36% and jumps to 4.99% over the past one month. The beta value is 0.47, while the average true range (ATR) is currently pointing at 1.83. The average price target for the stock over the next 12 months is $231.35, with the estimates having a low of $191.20 and a high of $282.95. These price ends are -612.37% and -954.21% off the today’s price level respectively, although investors could be excited at the prospect of a -753.35% if the TCOM share price touches on the median price of $229.04.

Coming back to Trip.com Group Limited (NASDAQ:TCOM), we note that the average 3-month trading volume was 5.62 million, while that of the preceding 10-day period stands at 6.86 million. Current shares outstanding are 647.87 million.

The insiders hold 4.00% of the company’s shares while institutions hold 53.00%. The data shows that short shares as of Oct 13, 2022, stood at 10.92 million at a short ratio of 1.83. This represents a 1.70% short interest in shares outstanding on Oct 13, 2022. Shares short fall in October from the previous month at 14.42 million. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock 8.73% up in year-to-date price movement.

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