Why Did Sabre Corp (NASDAQ: SABR) Drop So Much?

Sabre Corp (NASDAQ:SABR) traded at $3.26 at last check on Wednesday, July 24, made an upward move of 0.15% on its previous day’s price.

Looking at the stock we see that its previous close was $3.25 . In terms of its 52-week price range, SABR has a high of $5.76 and a low of $1.81. The company’s stock has gained about 22.60% over that past 30 days.

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Sabre Corp has a market cap of $1.24 billion. Estimates by analysts give the company expected earnings per share (EPS) of -0.08, with the EPS growth for the year raised at -0.19 for current year and -0.19 for next year.

Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at 755.95M, with a low of 750M and a high of 770.69M. According to analyst consensus estimates figures, the company’s yearly revenue forecast for current year is expected to hit 3.04B, or 4.40% up from figures reported last year.

Based on estimates by 3 analysts, where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 1 have rated the Sabre Corp (SABR) stock as a Hold, while 2 rate it as a Buy. 0 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 10.00% off its SMA20 and 10.46% from its 50-day simple moving average. The RSI (14) is pointing at 63.05 while the volatility over the past week is 6.02% and jumps to 5.63% over the past one month. The beta value is 1.74, while the average true range (ATR) is currently pointing at 0.17. The average price target for the stock over the next 12 months is $4, with the estimates having a low of $4 and a high of $4. These price ends are -22.7% and -22.7% off the today’s price level respectively, although investors could be excited at the prospect of a -22.7% if the SABR share price touches on the median price of $4.

Coming back to Sabre Corp (NASDAQ:SABR), we note that the average 3-month trading volume was 4.14 million, while that of the preceding 10-day period stands at 3.8 million. Current shares outstanding are 379.57 million.

The insiders hold 6.91% of the company’s shares while institutions hold 84.76%. The data shows that short shares as of 2024-06-28, stood at 30.47 million at a short ratio of 8.09. This represents a 11.109999611.109999611.109999611.109999611.109999611.109999611.109999611.109999611.109999611.109999611.109999611.109999611.109999611.109999611.109999611.109999611.109999611.109999611.109999611.109999611.109999611.109999611.109999611.109999611.109999611.109999611.109999611.109999611.109999611.109999611.109999611.109999611.109999611.109999611.109999611.109999611.109999611.109999611.109999611.109999611.109999611.109999611.109999611.109999611.109999611.109999611.109999611.109999611.109999611.109999611.109999611.109999611.109999611.109999611.109999611.109999611.109999611.109999611.109999611.109999611.109999611.109999611.109999611.109999611.109999611.109999611.109999611.109999611.109999611.109999611.109999611.109999611.109999611.109999611.109999611.109999611.109999611.109999611.109999611.109999611.109999611.109999611.109999611.109999611.109999611.109999611.109999611.109999611.109999611.109999611.109999611.109999611.109999611.109999611.109999611.109999611.109999611.109999611.109999611.1099996 short interest in shares outstanding on 2024-06-28. Shares short rose in June from the previous month at 29.71 million. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock -26.02% down in year-to-date price movement.

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