TripAdvisor Inc. (NASDAQ:TRIP) shares, rose in value, with the stock price up by 0.12% to the previous day’s close as strong demand from buyers drove the stock to $16.16.
Actively observing the price movement in the recent trading, the stock is buoying the session at $16.14, falling within a range of $16.04 and $16.68. The value of beta (5-year monthly) is 1.384 whereas the PE ratio is 106.81 over 12-month period. Referring to stock’s 52-week performance, its high was $28.76, and the low was $12.93. On the whole, TRIP has fluctuated by 11.29% over the past month.
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With the market capitalization of TripAdvisor Inc. currently standing at about $2.24 billion, investors are eagerly awaiting this quarter’s results, scheduled for on 2024-Nov-06.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 1.82B, with a low estimate of 523.4M and a high estimate of 537.38M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 527.9M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that TRIP’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% Sell while long-term indicators on average have been pointing out that it is a 50% Sell.
The stock’s technical analysis shows that the PEG ratio is about 11.87, with the price of TRIP currently trading nearly 6.67% and 10.98% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 68.90, while the 7-day volatility ratio is showing 2.57% which for the 30-day chart, stands at 2.59%. Furthermore, TripAdvisor Inc. (TRIP)’s beta value is 1.39, and its average true range (ATR) is 0.44.
A comparison of TripAdvisor Inc. (TRIP) with its peers suggests the former has fared considerably weaker in the market. TRIP showed an intraday change of 0.12% in today’s session so far, and over the past year, it grew by 9.49%%.
Data on historical trading for TripAdvisor Inc. (NASDAQ:TRIP) indicates that the trading volumes over the past 10 days have averaged 1.62 and over the past 3 months, they’ve averaged 2.13 million. According to company’s latest data on outstanding shares, there are 124.88 million shares outstanding.
Nearly 25.48% of TripAdvisor Inc.’s shares belong to company insiders and institutional investors own 72.56% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 9.25 million shares as on 2024-10-15, resulting in a short ratio of 4.46. According to the data, the short interest in TripAdvisor Inc. (TRIP) stood at 980.00 of shares outstanding as of 2024-10-15; the number of short shares registered in 2024-09-13 reached 7.43 million. The stock has fallen by -24.94% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the TRIP stock heading into the next quarter.
