Closing yesterday’s trading session at $134.75, ABNB’s stock is trading 38.7% below its $219.94 all-time high, which it hit on February 11. Furthermore, the stock has lost 23.1% over the past month and 8.2% so far this year.

Although the global rollout of COVID-19 vaccines and the easing of some travel restrictions have helped the company recover from its revenue decline last year, it recorded significant losses due to its repayment of term loans in the last reported quarter. In fact, we don’t think its stock’s current valuation is justified given its high losses and expenses. So, we don’t think ABNB can easily capitalize on the vacation rental rebound.

Continue reading on StockNews

Club Trader School

Inscrivez-vous pour recevoir les derniers conseils et stratégies de Trading, ainsi que des cadeaux exclusifs !

Nous promettons de ne jamais vous envoyer de messages indésirables ! Jetez un œil à notre Politique de confidentialité pour plus d’informations.

A lire également