Airbnb Inc (NASDAQ:ABNB) does about 4.55M shares in volume on a normal day but saw 2909246 shares change hands in Tuesday’s trading. The company now has a market cap of 101.53B USD. Its current market price is $159.81, marking a decrease of -1.35% compared to the previous close of $162.00. The 52 week high reached by this stock is $170.10 whilst the lowest price level in 52 weeks is $103.55.
Airbnb Inc (ABNB) has a 20-day trading average at $159.76 and the current price is -6.05% off the 52-week high compared with 54.33% distance from its 52-week low. The 50-day simple moving average of the closing price is $161.33 and its 200-day simple moving average is $142.17. If we look at the stock’s price movements over the week, volatility stands at 2.78%, which decreases to 2.77% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 49.42 to suggest the stock is neutral.
The consensus objective for the share price is $151.08, suggesting that the stock has a potential downside of -5.78% over the period.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on April 24, 2024 when Mizuho upgraded the stock to “Buy” and issued a price target of between $150 and $200.
Airbnb Inc (ABNB) stock is up 0.78% over the week and -0.29% over the past month. Its price is 17.39% year-to-date and 33.29% over the past year.
To reach the target analysts have set, the stock logically needs to shrink -5.78 percent from here.
The company has a return on investment of 46.04% and return on equity of 69.83%. The price to earnings ratio (P/E ratio) amounts to 22.09 while the forward price to earnings ratio is 31.93. The beta has a value of 1.24. Price to book ratio is 12.49 and price to sales ratio is 10.24.
