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 3.52M but it saw 4858954 shares traded in last market. With a market cap of 26.50B USD, the company’s current market price of $41.14 came falling about -3.27 while comparing to the previous closing price of $42.53. 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 $46.28, while its current price level is -29.07% below from 52-week high level whereas it is 30.40% 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 $48.86 while that of 200 days or SMA-200 reads an average of $42.84. A closer look into the stock’s movement over the week reveals that its volatility is standing at 2.78% during that period while stretching the period over a month that decreases to 2.64%. 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 28.23 which implies that the stock is in oversold 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 -5.27% down while it is -13.77% when we observe its performance for the past one month. Year-to-date it is 14.25% up and over the past year, the stock is showing an upside performance of 1.93%.

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 18.41 while having a 12.06 of forward P/E ratio. Stock’s beta reads 0.41. Stock has a price to book (P/B) ratio of 1.52 while price to sale or P/S ratio amounts to 4.03. Its return on asset (ROA) is 4.85% on average.