Should Investors Trust The Upside Potential In Trip.com Group Ltd ADR (TCOM)?

Trip.com Group Ltd ADR (NASDAQ:TCOM) currently has a daily average trading volume of 3.66M but it saw 20811287 shares traded in last market. With a market cap of 36.51B USD, the company’s current market price of $56.68 came rising about 10.96 while comparing to the previous closing price of $51.08. 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. In the recent trading on the day, stock has struck highest price mark of $54.3505 while lowest mark touched by it was $56.99.

Taking a look at 20-day trading activity of Trip.com Group Ltd ADR (TCOM) gives us an average price of $48.30, while its current price level is -2.28% below from 52-week high level whereas it is 79.65% 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 $45.10 while that of 200 days or SMA-200 reads an average of $45.02. A closer look into the stock’s movement over the week reveals that its volatility is standing at 2.81% during that period while stretching the period over a month that decreases to 2.07%. 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 78.06 which implies that the stock is in overbought 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 19.48% up while it is 23.30% when we observe its performance for the past one month. Year-to-date it is 57.40% up and over the past year, the stock is showing an upside performance of 60.79%.

Currently, Trip.com Group Ltd ADR’s total number of outstanding shares is 644.09M. Company’s return on investment (ROI) stands at 9.36% and return on equity (ROE) at 11.39%. It has a price to earnings ratio (P/E ratio) of 19.75 while having a 15.31 of forward P/E ratio. Stock’s beta reads 0.39. Stock has a price to book (P/B) ratio of 2.03 while price to sale or P/S ratio amounts to 5.41. Its return on asset (ROA) is 6.07% on average.