Despegar.com Corp (NYSE:DESP) price on Friday, November 15, rose 16.89% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $17.37.
A look at the stock’s price movement, the close in the last trading session was $14.86, moving within a range at $16.4409 and $18.0. The beta value (5-Year monthly) was 1.97 while the PE ratio in trailing twelve months stood at 86850.00. Turning to its 52-week performance, $15.82 and $7.27 were the 52-week high and 52-week low respectively. Overall, DESP moved 22.50% over the past month.
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Despegar.com Corp’s market cap currently stands at around $1.16 billion, with investors looking forward to this quarter’s earnings report slated for on 2024-Nov-14.
Analysts have a consensus estimate of 214.49M for the company’s revenue for the quarter, with a low and high estimate of 211M and 220.85M respectively. The average forecast suggests up to a 5.32% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 765.62M, representing a 8.44% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that DESP is a 100% Buy. On the other hand, the stock is on average a 100% Buy as suggested by medium term indicators while long term indicators are putting the stock in 100% Buy category.
6 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 2 analyst(s) rate the stock as a Hold, 4 recommend DESP as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
The technical evaluation for the stock shows the PEG ratio is 2959.11, with DESP’s current price about 16.92% and 27.80% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 76.63, while 7-day volatility ratio is 5.20% and 4.07% in the 30-day chart. Further, Despegar.com Corp (DESP) has a beta value of 1.95, and an average true range (ATR) of 0.75. Analysts have given the company’s stock an average 52-week price target of $13.75, forecast between a low of $8 and high of $19. Looking at the price targets, the low is 53.94% off current price level while to achieve the yearly target high, price needs to move -9.38%. Nonetheless, investors will most likely welcome a 20.84% jump to $13.75 which is the analysts’ median price.
If we refocus on Despegar.com Corp (NYSE:DESP), historical trading data shows that trading volumes averaged 0.86 over the past 10 days and 862.47K over the past 3 months. The company’s latest data on shares outstanding shows there are 66.65 million shares.
The 33.41% of Despegar.com Corp’s shares are in the hands of company insiders while institutional holders own 88.37% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 6.01 million on 2024-10-31, giving us a short ratio of 7.15. The data shows that as of 2024-10-31 short interest in Despegar.com Corp (DESP) stood at 845.9999999999999 of shares outstanding, with shares short falling to 6.74 million registered in 2024-09-30. Current price change has pushed the stock 83.62% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the DESP stock continues to rise going into the next quarter.
