Trip.com Group Ltd ADR (NASDAQ: TCOM) Stock: Bulls Should Watch This

The trading price of Trip.com Group Ltd ADR (NASDAQ:TCOM) floating higher at last check on current market day and closing at $65.15, 0.12% higher than its previous close.

Traders who pay close attention to intraday price movement should know that it has been fluctuating between $64.835 and $65.73. The company’s P/E ratio in the trailing 12-month period was 22.70, while its 5Y monthly beta was 0.404. In examining the 52-week price action we see that the stock hit a 52-week high of $69.67 and a 52-week low of $31.55. Over the past month, the stock has gained 9.62% in value.

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Trip.com Group Ltd ADR, whose market valuation is $41.96 billion at the time of this writing, is expected to release its quarterly earnings report on 2024-Nov-18. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by 0.97 per share this quarter, however they have predicted annual earnings per share of 3.42 for current year and 3.64 for next year.

Analysts have forecast the company to bring in revenue of 2.19B for the current quarter, with the likely lows of 2.18B and highs of 2.21B. From the analysts’ viewpoint, the consensus estimate for the company’s annual revenue is 7.35B.

On the technical side, indicators suggest TCOM has a 100% Buy on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 100% Buy, while an average of long term indicators suggests that the stock is currently 100% Buy.

Here is the average analyst rating on the stock as represented by 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock should be considered as either strong buy or strong sell respectively. The number of analysts that have assigned TCOM a recommendation rating is 23. Out of them, 3 rate it a Hold, while 20 recommend Buy, whereas 0 assign an Overweight rating. 0 analyst(s) have tagged Trip.com Group Ltd ADR (TCOM) as Underweight, while 0 advise Sell. Analysts have rated the stock Buy, likely urging investors to take advantage of the opportunity to add to their holdings of the company’s shares.

If we dig deeper into the stock’s outlook, we see that the stock’s PEG is 0.38, which symbolizes a positive outlook. A quick review shows that TCOM’s price is currently 3.58% off the SMA20 and 20.17% off the SMA50. The RSI metric on the 14-day chart is currently showing 62.40, and weekly volatility stands at 2.32%. When measured over the past 30 days, the indicator reaches 3.56%. Trip.com Group Ltd ADR (NASDAQ:TCOM)’s beta value is currently sitting at 0.40, while the Average True Range indicator is currently displaying 2.45. With analysts defining $30-$76 as the low and high price targets, we arrive at a consensus price target of $54.5 for the trailing 12-month period. The current price is about 53.95% off the estimated low and -16.65% off the forecast high, based on this estimate. Investors will be thrilled if TCOM’s share price rises to $54.5, which is the median consensus price. At that level, TCOM’s share price would be 16.35% above current price.

To see how Trip.com Group Ltd ADR stock has been performing today in comparison to its peers in the industry, here are the numbers: TCOM stock’s performance was 0.12% at last check in today’s session, and 84.46% in the past year. Trip.com Group Ltd ADR has a P/E ratio of 22.70.

An evaluation of the daily trading volume of Trip.com Group Ltd ADR (NASDAQ:TCOM) indicates that the 3-month average is 4.96 million. However, this figure has increased over the past 10 days to an average of 3.39.

Currently, records show that 644.09 million of the company’s shares remain outstanding. The insiders hold 0.00% of outstanding shares, whereas institutions hold 37.89%. The stats also highlight that short interest as of 2024-10-15, stood at 13.64 million shares, resulting in a short ratio of 1.74 at that time. From this, we can conclude that short interest is 215.00 of the company’s total outstanding shares. It is noteworthy that short shares in October were up slightly from the previous month’s figure, which was 10.74 million. However, since the stock’s price has seen 80.92% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.

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