Are Analysts Too Bullish On Trip.com Group Ltd ADR (TCOM)

Trip.com Group Ltd ADR (NASDAQ:TCOM) currently has a daily average trading volume of 3.47M but it saw 4853149 shares traded in last market. With a market cap of 27.97B USD, the company’s current market price of $43.43 came falling about -4.09 while comparing to the previous closing price of $45.28. In past 52 weeks, the stock remained buoying in the range of price level as high as $58.00 and as low as $31.55.

Taking a look at 20-day trading activity of Trip.com Group Ltd ADR (TCOM) gives us an average price of $47.65, while its current price level is -25.12% below from 52-week high level whereas it is 37.65% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $50.25 while that of 200 days or SMA-200 reads an average of $42.62. A closer look into the stock’s movement over the week reveals that its volatility is standing at 2.55% during that period while stretching the period over a month that decreases to 2.45%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 32.16 which implies that the stock is in neutral territory.

JP Morgan upgraded its recommendation for the stock as a “Overweight” from “Neutral” on July 31, 2023 while assigning a price target range of $39-$50. China Renaissance issued its recommendations for the stock as it upgraded the price target for the stock is $46.

Over the week, TCOM’s stock price is moving -4.19% down while it is -10.40% when we observe its performance for the past one month. Year-to-date it is 20.61% up and over the past year, the stock is showing an upside performance of 14.53%.

Currently, Trip.com Group Ltd ADR’s total number of outstanding shares is 644.09M. Company’s return on investment (ROI) stands at 7.95% and return on equity (ROE) at 8.71%. It has a price to earnings ratio (P/E ratio) of 19.44 while having a 12.67 of forward P/E ratio. Stock’s beta reads 0.42. Stock has a price to book (P/B) ratio of 1.60 while price to sale or P/S ratio amounts to 4.25. Its return on asset (ROA) is 4.85% on average.