The stock of Liberty TripAdvisor Holdings, Inc. (NASDAQ:LTRPA) is now priced at $2.8 and the shares are -0.26 points down or -8.5% lower compared to its previous closing price of $3.06. The stock had 1.202 million contracts set over the past session. LTRPA shares’ daily volume is compared to its average trading volume at 1.533 million shares. However, it has a float of 72.17 million and although its performance was -5.41% over the week, it’s one to watch. Analysts have given the LTRPA stock a yearly average price target of $3 per share. It means the stock’s upside potential is 7.14% with the LTRPA share price recently placing at $2.8 to $3.08. However, some brokerage firms have priced the stock below the average, including one that has called $3.
The shorts are running away from the Liberty TripAdvisor Holdings, Inc. stock, with the latest data on short interest released on August 14, 2020, showing that short interest numbers in the LTRPA shares have declined. Short interest in the stock represents just 2.91% of its float, but the volume has dropped by -136567. The volume of shorted shares dropped to 2.101 million from 2.237 million shares over the last two weeks. The average intraday trading volume has been 1.092 million shares, which means that days to cover moved to roughly 1.923881.
In the last trading session, Liberty TripAdvisor Holdings, Inc. (NASDAQ:LTRPA) dropped by -$0.16 over the week and gained $0.28 on its 20-day. The stock’s high in the recent session is lower when compared to its 52-week high of $10.34. The stock recorded its established 52-week high on 09/11/19.
Since 03/18/20, the stock has traded to a low of $0.86 at 226.42%, an encouraging piece of data likely to interest most investors out to exploit the stock’s recent surge. The stock has a beta allocation of 2.36. Being above 1 means that the stock’s volatility is higher than the market and traders are keenly watching it.
Looking at current readings, Liberty TripAdvisor Holdings, Inc.’s two-week RSI is 52.79. This suggests that the stock is neutral at the moment and that LTRPA shares’ price movement remains stable. The stochastic readings are equally revealing at 72.41% meaning the LTRPA share price is currently in oversold territory.
The technical chart shows that the LTRPA stock will likely settle at between $2.99 and $3.17 per share. However, if the stock dips below $2.71, then its market would become much weaker. Any downside could see the stock price sliding to levels as low as $2.61.
Currently, the stock is trading in the green of MACD, with a reading of 0.1. Investors always pay attention to any move above or below the zero-line, mainly because the indicator points to the position of the stock’s short-term average relative to its long-term measure. A MACD -a reading above the zero line means that the short-term is above the long-term average. This scenario implies that there is an upward momentum. The opposite is true when the MACD falls below the zero-line.
Analysts at Guggenheim raised their recommendation for LTRPA from Sell to Neutral in June 13 review. Evercore ISI analysts see the stock as a In-line with a target price of $12.5 in a flash note released to investors on October 16 initiating covering the stock. Guggenheim seeing the stock struggling downgraded it from Neutral to Sell on May 25.
The average rating for the LTRPA equity is 3 and is currently gathering a bullish momentum. Of 1 analysts tracking Liberty TripAdvisor Holdings, Inc. polled by Reuters, 1 rated LTRPA as a hold. The remaining 0 analysts were split evenly. However, the split wasn’t equal as a majority (0) rated it as a buy or strong buy. 0 analyst advised investors against buying the stock or to sell if they own any of the stock.
The stocks P/S ratio currently stands below the group’s average of 44.1. Liberty TripAdvisor Holdings, Inc. has its P/E ratio at 1.9, which means that the stock is currently trading at a discount relative to the 6.1 industry average.