Despegar.com Corp (NYSE: DESP) is 16.28% higher on its value in year-to-date trading and has touched a low of $6.09 and a high of $15.82 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 $10.29 in the last trading session, with the day’s gains setting it 0.71%.
Currently trading at $11.00, the stock is -0.40% and -12.23% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.01 million and changing 6.90% at the moment leaves the stock 1.79% off its SMA200. DESP registered 42.67% gain for a year compared to 6-month gain of 28.81%.
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The stock witnessed a -12.00% loss in the last 1 month and extending the period to 3 months gives it a -26.37%, and is 5.77% 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 6.26% over the week and 5.07% over the month.
Despegar.com Corp (DESP) has around 4593 employees, a market worth around $733.15M and $740.52M in sales. Current P/E ratio is 55000.00 and Fwd P/E is 10.24. Profit margin for the company is 1.83%. Distance from 52-week low is 80.62% and -30.47% from its 52-week high. The company has generated returns on investments over the last 12 months (17.68%).
The EPS is expected to grow by 305.87% this year.
Despegar.com Corp (DESP) Top Institutional Holders
The shares outstanding are 66.65M, and float is at 44.48M with Short Float at 13.13%.
The top institutional shareholder in the company is NEUBERGER BERMAN GROUP LLC with over 4.62 million shares valued at $$55.28 million. The investor’s holdings represent 5.9895 of the DESP Shares outstanding. As of 2024-03-31, the second largest holder is MORGAN STANLEY with 3.47 million shares valued at $$41.48 million to account for 4.4946 of the shares outstanding. The other top investors are MITSUBISHI UFJ TRUST & BANKING CORP which holds 3.21 million shares representing 4.1593 and valued at over $$38.42 million, while ANCIENT ART, L.P. holds 3.9808 of the shares totaling 3.07 million with a market value of $$36.74 million.
