Global Business Travel Group Inc (NYSE: GBTG) is 40.78% higher on its value in year-to-date trading and has touched a low of $4.49 and a high of $9.20 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 GBTG stock was last observed hovering at around $8.98 in the last trading session, with the day’s gains setting it 0.1%.
Currently trading at $9.08, the stock is 9.11% and 15.34% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.77 million and changing 1.11% at the moment leaves the stock 35.84% off its SMA200. GBTG registered 49.34% gain for a year compared to 6-month gain of 56.28%. The firm has a 50-day simple moving average (SMA 50) of $7.8334 and a 200-day simple moving average (SMA200) of $6.66745.
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The stock witnessed a 21.23% loss in the last 1 month and extending the period to 3 months gives it a 26.46%, and is 1.23% 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 2.99% over the week and 3.78% over the month.
Global Business Travel Group Inc (GBTG) has around 19000 employees, a market worth around $4.27B and $2.38B in sales. Fwd P/E is 34.74. Profit margin for the company is -7.10%. Distance from 52-week low is 102.23% and -1.30% from its 52-week high. The company has generated returns on investments over the last 12 months (-6.66%).
Global Business Travel Group Inc quarterly earnings per share for the current quarter are estimated at 0.06 with sales reaching $583.88M over the same period.The EPS is expected to grow by 63.09% this year, but quarterly earnings will post 5.61% year-over-year. Quarterly sales are estimated to grow 6.35% in year-over-year returns.
143.0 institutions hold shares in Global Business Travel Group Inc (GBTG), with institutional investors hold 90.43% of the company’s shares. The shares outstanding are 467.09M, and float is at 176.96M with Short Float at 4.06%. Institutions hold 37.67% of the Float.
The top institutional shareholder in the company is AMERICAN EXPRESS CO with over 157.79 million shares valued at $1.04 billion. The investor’s holdings represent 34.1983 of the GBTG Shares outstanding. As of 2024-06-30, the second largest holder is APOLLO MANAGEMENT HOLDINGS, L.P. with 25.71 million shares valued at $169.67 million to account for 5.5717 of the shares outstanding. The other top investors are ARES MANAGEMENT LLC which holds 10.88 million shares representing 2.359 and valued at over $71.83 million, while BEACH POINT CAPITAL MANAGEMENT LP holds 1.5306 of the shares totaling 7.06 million with a market value of $46.61 million.
