While Global Business Travel Group Inc has overperformed by 2.28%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, GBTG rose by 55.19%, with highs and lows ranging from $8.91 to $4.49, whereas the simple moving average jumped by 35.80% in the last 200 days.
On December 15, 2023, Citigroup Upgraded Global Business Travel Group Inc (NYSE: GBTG) to Buy. A report published by Evercore ISI on December 22, 2022, Initiated its previous ‘Outperform’ rating for GBTG. Citigroup also rated GBTG shares as ‘Neutral’, setting a target price of $6.50 on the company’s shares in an initiating report dated December 07, 2022. Deutsche Bank Initiated an Buy rating on October 03, 2022, and assigned a price target of $7.10. Credit Suisse initiated its ‘Outperform’ rating for GBTG, as published in its report on September 30, 2022. Morgan Stanley’s report from September 14, 2022 suggests a price prediction of $9 for GBTG shares, giving the stock a ‘Equal-Weight’ rating. Redburn also rated the stock as ‘Buy’.
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Analysis of Global Business Travel Group Inc (GBTG)
Further, the quarter-over-quarter increase in sales is 4.55%, showing a positive trend in the upcoming months.
One of the most important indicators of Global Business Travel Group Inc’s future performance is equity, which can be evaluated using several well-rounded types of analysis and research techniques. The goal here is to ensure that your current return on equity of -14.36% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 1.56, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
For any stock, average volume can also provide valuable insight into volatility, and GBTG is recording 1.02M average volume. On a monthly basis, the volatility of the stock is set at 3.58%, whereas on a weekly basis, it is put at 3.52%, with a gain of 13.40% over the past seven days. Furthermore, long-term investors anticipate a median target price of $9.02, showing growth from the present price of $8.97, which can serve as yet another indication of whether GBTG is worth investing in or should be passed over.
How Do You Analyze Global Business Travel Group Inc Shares?
Along with the fundamentals, it is also important to consider how many employees own shares of the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 62.39%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 31.42% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
GBTG shares are owned by institutional investors to the tune of 31.42% at present.
