Despegar.com Corp (NYSE: DESP) is 60.15% higher on its value in year-to-date trading and has touched a low of $8.06 and a high of $19.00 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 $16.55 in the last trading session, with the day’s loss setting it -1.4%.
Currently trading at $15.15, the stock is -12.48% and -3.36% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.3 million and changing -8.46% at the moment leaves the stock 14.53% off its SMA200. DESP registered 65.03% gain for a year compared to 6-month gain of 14.34%. The firm has a 50-day simple moving average (SMA 50) of $15.64 and a 200-day simple moving average (SMA200) of $13.1957.
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The stock witnessed a -10.99% loss in the last 1 month and extending the period to 3 months gives it a 21.59%, and is -10.72% down 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 5.22% over the week and 4.75% over the month.
Despegar.com Corp (DESP) has around 4593 employees, a market worth around $1.01B and $756.30M in sales. Current P/E ratio is 75750.00 and Fwd P/E is 15.89. Profit margin for the company is 2.01%. Distance from 52-week low is 88.08% and -20.26% 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 286.60% this year
The shares outstanding are 66.65M, and float is at 47.39M with Short Float at 12.19%.
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.
