Airbnb Inc (NASDAQ: ABNB) Trading above Its 20 Day MA ($149.69), Why Showing An Interesting Price Pattern?

Airbnb Inc (NASDAQ:ABNB) does about 3.92M shares in volume on a normal day but saw 3226887 shares change hands in Monday trading. The company now has a market cap of 96.47B USD. Its current market price is $151.96, marking a decrease of -0.35% compared to the previous close of $152.50. The 52 week high reached by this stock is $170.10 whilst the lowest price level in 52 weeks is $113.24.

Airbnb Inc (ABNB) has a 20-day trading average at $149.69 and the current price is -10.66% off the 52-week high compared with 34.20% distance from its 52-week low. The 50-day simple moving average of the closing price is $150.25 and its 200-day simple moving average is $144.13. If we look at the stock’s price movements over the week, volatility stands at 1.86%, which decreases to 1.81% 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 55.00 to suggest the stock is neutral.

The consensus objective for the share price is $151.41, suggesting that the stock has a potential downside of -0.36% over the period.

The company shares received a number of brokerage firm price updates over the past month, with the latest being on May 28, 2024 when Wedbush upgraded the stock to “Outperform” and issued a price target of between $160 and $165. HSBC Securities downgraded the stock to “Hold” from Buy on May 09, 2024 at a price target of $160-$156. Mizuho upgraded its price target at $150-$200.

Airbnb Inc (ABNB) stock is up 0.22% over the week and 4.24% over the past month. Its price is 11.62% year-to-date and 18.57% over the past year.

The stock last released its quarterly earnings report for quarter ended 3/31/2024, with the company’s earnings per share (EPS) of 0.98 above consensus estimates by 0.2. The company’s next earnings report forecasts estimating quarterly EPS at 0.9 and 4.52 for whole year. Expected sales for next quarter are $3.83B, which analysts say will come at $11.18B for the current fiscal year and next year at $12.48B. In addition, estimates put the company’s current quarterly revenue at an average of $2.73B.

To reach the target analysts have set, the stock logically needs to shrink -0.36 percent from here.

The company has a return on investment of 48.78% and return on equity of 74.91%. The price to earnings ratio (P/E ratio) amounts to 20.36 while the forward price to earnings ratio is 29.67. The beta has a value of 1.19. Price to book ratio is 12.24 and price to sales ratio is 9.42.