Despegar.com Corp (NYSE: DESP) is 27.38% 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 $12.29 in the last trading session, with the day’s loss setting it -0.24%.
Currently trading at $12.05, the stock is 11.53% and -0.60% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.87 million and changing -1.95% at the moment leaves the stock 9.91% off its SMA200. DESP registered 52.72% gain for a year compared to 6-month gain of 41.60%.
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The stock witnessed a 3.17% loss in the last 1 month and extending the period to 3 months gives it a -20.98%, and is 7.11% 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 3.99% over the week and 5.11% over the month.
Despegar.com Corp (DESP) has around 4593 employees, a market worth around $803.13M and $740.52M in sales. Current P/E ratio is 60250.00 and Fwd P/E is 11.74. Profit margin for the company is 1.83%. Distance from 52-week low is 97.87% and -23.83% from its 52-week high. The company has generated returns on investments over the last 12 months (17.68%).
Despegar.com Corp quarterly earnings per share for the current quarter are estimated at 0.22 with sales reaching $190.53M over the same period.The EPS is expected to grow by 312.30% this year, but quarterly earnings will post 8.40% year-over-year.
The shares outstanding are 66.65M, and float is at 44.48M with Short Float at 14.11%.
The top institutional shareholder in the company is CATTERTON MANAGEMENT COMPANY, L.L.C. with over 11.0 million shares valued at $145.53 million. The investor’s holdings represent 14.1661 of the DESP Shares outstanding. As of 2024-06-30, the second largest holder is NEUBERGER BERMAN GROUP LLC with 4.61 million shares valued at $60.93 million to account for 5.9309 of the shares outstanding. The other top investors are BLACKROCK INC. which holds 3.26 million shares representing 4.2038 and valued at over $43.19 million, while MITSUBISHI UFJ TRUST & BANKING CORP holds 3.8232 of the shares totaling 2.97 million with a market value of $39.28 million.
