Despegar.com Corp (NYSE:DESP) shares, rose in value, with the stock price down by -2.32% to the previous day’s close as strong demand from buyers drove the stock to $18.69.
Actively observing the price movement in the recent trading, the stock is buoying the session at $19.14, falling within a range of $18.345 and $19.14. The value of beta (5-year monthly) is 1.952 whereas the PE ratio is 93475.00 over 12-month period. Referring to stock’s 52-week performance, its high was $19.55, and the low was $9.25. On the whole, DESP has fluctuated by -2.68% over the past month.
With the market capitalization of Despegar.com Corp currently standing at about $1.56 billion, investors are eagerly awaiting this quarter’s results, scheduled for on 2024-Nov-13.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 762.7M, with a low estimate of 209.4M and a high estimate of 217.51M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 212.4M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that DESP’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 100% Buy.
The stock’s technical analysis shows that the PEG ratio is about 1048.04, with the price of DESP currently trading nearly -2.58% and -2.71% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 21.49, while the 7-day volatility ratio is showing 0.42% which for the 30-day chart, stands at 0.33%. Furthermore, Despegar.com Corp (DESP)’s beta value is 1.63, and its average true range (ATR) is 0.12.
A comparison of Despegar.com Corp (DESP) with its peers suggests the former has fared considerably weaker in the market. DESP showed an intraday change of -2.32% in today’s session so far, and over the past year, it grew by 55.27%%.
Data on historical trading for Despegar.com Corp (NYSE:DESP) indicates that the trading volumes over the past 10 days have averaged 2.51 and over the past 3 months, they’ve averaged 2.25 million. According to company’s latest data on outstanding shares, there are 66.65 million shares outstanding.
Nearly 22.92% of Despegar.com Corp’s shares belong to company insiders and institutional investors own 67.81% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 4.71 million shares as on 2025-03-14, resulting in a short ratio of 2.14. According to the data, the short interest in Despegar.com Corp (DESP) stood at 570.00 of shares outstanding as of 2025-03-14; the number of short shares registered in 2025-02-14 reached 1.63 million. The stock has fallen by -2.88% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the DESP stock heading into the next quarter.
