Sabre Corp (NASDAQ:SABR) shares, rose in value, with the stock price down by -0.65% to the previous day’s close as strong demand from buyers drove the stock to $3.05.
Actively observing the price movement in the last trading, the stock closed the session at $3.07, falling within a range of $3.0301 and $3.1399. The value of beta (5-year monthly) was 1.732. Referring to stock’s 52-week performance, its high was $5.51, and the low was $1.81. On the whole, SABR has fluctuated by -7.01% over the past month.
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With the market capitalization of Sabre Corp currently standing at about $1.18 billion, investors are eagerly awaiting this quarter’s results, scheduled for on 2024-Oct-31.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 3.05B, with a low estimate of 775M and a high estimate of 781.91M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 776.78M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that SABR’s technical picture suggests that short-term indicators denote the stock is a Hold on average. However, medium-term indicators have put the stock in the category of 50% Buy while long-term indicators on average have been pointing out that it is a Hold.
The stock’s technical analysis shows that the price of SABR currently trading nearly 2.49% and 1.14% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 51.10, while the 7-day volatility ratio is showing 3.95% which for the 30-day chart, stands at 5.40%. Furthermore, Sabre Corp (SABR)’s beta value is 1.75, and its average true range (ATR) is 0.16.
A comparison of Sabre Corp (SABR) with its peers suggests the former has fared considerably weaker in the market. SABR showed an intraday change of -0.65% in last session, and over the past year, it shrunk by -40.20%%.
Data on historical trading for Sabre Corp (NASDAQ:SABR) indicates that the trading volumes over the past 10 days have averaged 2.47 and over the past 3 months, they’ve averaged 3.67 million. According to company’s latest data on outstanding shares, there are 379.57 million shares outstanding.
Nearly 6.90% of Sabre Corp’s shares belong to company insiders and institutional investors own 89.01% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 25.04 million shares as on 2024-08-15, resulting in a short ratio of 6.25. According to the data, the short interest in Sabre Corp (SABR) stood at 901.00 of shares outstanding as of 2024-08-15; the number of short shares registered in 2024-07-15 reached 28.69 million. The stock has fallen by -30.68% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the SABR stock heading into the next quarter.
