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

Despegar.com Corp (NYSE: DESP) is 1.09% higher on its value in year-to-date trading and has touched a low of $9.25 and a high of $19.55 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 $19.44 in the last trading session, with the day’s gains setting it 0.02%.

Currently trading at $19.46, the stock is 1.25% and 1.54% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.28 million and changing 0.10% at the moment leaves the stock 20.36% off its SMA200. DESP registered 57.19% gain for a year compared to 6-month gain of 34.76%.

The stock witnessed a 2.85% loss in the last 1 month and extending the period to 3 months gives it a 1.35%, and is 0.21% 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 0.24% over the week and 0.73% over the month.

Despegar.com Corp (DESP) has around 3956 employees, a market worth around $1.63B and $774.06M in sales. Fwd P/E is 14.16. Profit margin for the company is -0.43%. Distance from 52-week low is 110.38% and -0.46% from its 52-week high. The company has generated returns on investments over the last 12 months (-5.55%).

The EPS is expected to shrink by -0.16% this year.

Despegar.com Corp (DESP) Top Institutional Holders

The shares outstanding are 83.57M, and float is at 64.43M with Short Float at 10.99%.

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 9.6294% 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 5.5483 of the shares outstanding. The other top investors are BLACKROCK INC. which holds 3.26 million shares representing 3.9326% and valued at over $43.19 million, while MITSUBISHI UFJ TRUST & BANKING CORP holds 3.5766 of the shares totaling 2.97 million with a market value of $39.28 million.