Despegar.com Corp (DESP) Stock Could Soon Reward Patient Investors

Despegar.com Corp (NYSE: DESP) is 79.92% higher on its value in year-to-date trading and has touched a low of $7.66 and a high of $18.00 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 $17.37 in the last trading session, with the day’s loss setting it -0.35%.

Currently trading at $17.02, the stock is 13.60% and 24.28% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.41 million and changing -2.01% at the moment leaves the stock 38.22% off its SMA200. DESP registered 118.21% gain for a year compared to 6-month loss of 15.23%. The firm has a 50-day simple moving average (SMA 50) of $13.5918 and a 200-day simple moving average (SMA200) of $12.2744.

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The stock witnessed a 16.98% gain in the last 1 month and extending the period to 3 months gives it a 57.16%, and is 12.42% 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 5.05% over the week and 3.97% over the month.

Despegar.com Corp (DESP) has around 4593 employees, a market worth around $1.33B and $756.30M in sales. Current P/E ratio is 85100.00 and Fwd P/E is 16.75. Profit margin for the company is 2.01%. Distance from 52-week low is 122.19% and -5.44% from its 52-week high. The company has generated returns on investments over the last 12 months (22.55%).

The EPS is expected to grow by 320.05% this year.

Despegar.com Corp (DESP) Top Institutional Holders

The shares outstanding are 66.65M, and float is at 47.39M with Short Float at 12.69%.

The top institutional shareholder in the company is CATTERTON MANAGEMENT COMPANY, L.L.C. with over 7.99 million shares valued at $105.74 million. The investor’s holdings represent 10.2933% 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.