While Despegar.com Corp has underperformed by -8.46%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, DESP rose by 65.03%, with highs and lows ranging from $19.00 to $8.06, whereas the simple moving average jumped by 14.53% in the last 200 days.
On November 25, 2024, TD Cowen Downgraded Despegar.com Corp (NYSE: DESP) to Sell. A report published by Citigroup on April 29, 2024, Downgraded its rating to ‘Neutral’ for DESP. Cantor Fitzgerald also rated DESP shares as ‘Overweight’, setting a target price of $11 on the company’s shares in an initiating report dated March 07, 2024. Morgan Stanley August 11, 2023d the rating to Overweight on August 11, 2023, and set its price target from $6.50 to $13. B. Riley Securities initiated its ‘Buy’ rating for DESP, as published in its report on June 22, 2023. Citigroup’s report from August 26, 2022 suggests a price prediction of $12 for DESP shares, giving the stock a ‘Buy’ rating. Citigroup also rated the stock as ‘Buy’.
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Analysis of Despegar.com Corp (DESP)
Further, the quarter-over-quarter increase in sales is 8.86%, showing a positive trend in the upcoming months.
Despegar.com Corp’s future performance can be determined with the help of several well-rounded types of analysis and research techniques, with equity being one of the most influential. Taking into account the quick ratio of the company, currently set at 0.83, 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.
The average volume for any stock is also a very valuable indicator of volatility, and DESP has an average volume of 1.02M. On a monthly basis, the volatility of the stock is set at 4.75%, whereas on a weekly basis, it is put at 5.22%, with a loss of -10.72% over the past seven days. Furthermore, long-term investors anticipate a median target price of $19.40, showing growth from the present price of $15.15, which can serve as yet another indication of whether DESP is worth investing in or should be passed over.
How Do You Analyze Despegar.com Corp Shares?
In addition to analyzing the fundamentals, it is also important to look at how many company employees own stock. 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 28.90%. 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 88.77% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
DESP shares are owned by institutional investors to the tune of 88.77% at present.
