In yesterday’s Wall Street session, Airbnb Inc (NASDAQ:ABNB) shares traded at $133.20, down -3.06% from the previous session.
ABNB stock price is now 2.54% away from the 50-day moving average and -7.11% away from the 200-day moving average. The market capitalization of the company currently stands at $84.46B.
Top 5 Artificial Intelligence Stocks to Buy for 2024
By now, you're well aware of the artificial intelligence boom. You know Big Tech has been investing billions of dollars into it.
According to Next Move Strategy Consulting, the AI market – currently valued at about $100 billion – cold grow twenty-fold by 2030 to more than $2 trillion. That means you may want to strongly consider these top AI stocks. Get our free report, "Top 5 AI Stocks to Buy in 2024."
Click here to automatically get the our FREE Report & Special Offer "5 Best AI Stocks to Invest In"
Sponsored
On September 05, 2024, Cantor Fitzgerald recently initiated its ‘Underweight’ rating on the stock quoting a target price of $94, while ‘Argus’ rates the stock as ‘Hold’
In other news, Blecharczyk Nathan, Chief Strategy Officer sold 156,924 shares of the company’s stock on Nov 07 ’24. The stock was sold for $22,753,980 at an average price of $145.00. Upon completion of the transaction, the Chief Strategy Officer now directly owns 184,326 shares in the company, valued at $24.55 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 07 ’24, Officer Blecharczyk Nathan bought 156,924 shares of the business’s stock. A total of $22,753,980 was incurred on buying the stock at an average price of $145.00. A total of 33.19% of the company’s stock is owned by insiders.
During the past 12 months, Airbnb Inc has had a low of $110.38 and a high of $170.10. As of last week, the company has a debt-to-equity ratio of 0.27, a current ratio of 1.62, and a quick ratio of 1.62. According to the stock market information, the enterprise value for the company is $74225582080, which is based on a 46.78 price-to-earnings ratio, a 3.80 price-to-earnings-growth ratio, and a beta of 1.14. The fifty day moving average price for ABNB is $129.539 and a two-hundred day moving average price translates $143.49362 for the stock.
The latest earnings results from Airbnb Inc (NASDAQ: ABNB) was released for 2024-09-30. The net profit margin was 16.96% and return on equity was 20.87% for ABNB. The company reported revenue of $3.73 billion for the quarter, compared to $3.4 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 9.86 percent. For the current quarter, analysts expect ABNB to generate $2.42B in revenue.
