Despegar.com Corp (NYSE: DESP) is 31.61% higher on its value in year-to-date trading and has touched a low of $4.92 and a high of $12.50 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The DESP stock was last observed hovering at around $11.99 in the last trading session, with the day’s gains setting it 0.46%.
Currently trading at $12.45, the stock is 26.61% and 34.01% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.02 million and changing 3.84% at the moment leaves the stock 54.26% off its SMA200. DESP registered 111.02% gain for a year compared to 6-month gain of 72.20%. The firm has a 50-day simple moving average (SMA 50) of $1.11 and a 200-day simple moving average (SMA200) of $45.73.
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The stock witnessed a 43.10% loss in the last 1 month and extending the period to 3 months gives it a 26.52%, and is 11.26% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 6.08% over the week and 4.57% over the month.
Despegar.com Corp (DESP) has around 4543 employees, a market worth around $822.45M and $706.04M in sales. Current P/E ratio is 41500.00 and Fwd P/E is 11.82. Profit margin for the company is 2.85%. Distance from 52-week low is 153.05% and -0.40% from its 52-week high.
Despegar.com Corp quarterly earnings per share for the current quarter are estimated at $0.15 with sales reaching $175.25M over the same period.The EPS is expected to grow by 300.98% this year, but quarterly earnings will post 16.20% year-over-year. Quarterly sales are estimated to grow 12.40% in year-over-year returns.
Despegar.com Corp (DESP) Top Institutional Holders
129 institutions hold shares in Despegar.com Corp (DESP), with institutional investors hold 88.89% of the company’s shares. The shares outstanding are 66.06M, and float is at 55.25M with Short Float at 0.42%. Institutions hold 74.05% of the Float.
The top institutional shareholder in the company is Neuberger Berman Group, LLC with over 4.58 million shares valued at $32.32 million. The investor’s holdings represent 6.94% of the DESP Shares outstanding. As of Jun 29, 2023, the second largest holder is Moerus Capital Management, LLC with 4.57 million shares valued at $32.19 million to account for 6.91% of the shares outstanding. The other top investors are Arisaig Partners (asia) Pte Ltd. which holds 4.06 million shares representing 6.14% and valued at over $28.6 million, while Ancient Art, L.P. holds 5.62% of the shares totaling 3.71 million with a market value of $26.18 million.
