At the time of writing, Despegar.com Corp [DESP] stock is trading at $12.79, up 0.39%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The DESP shares have gain 2.32% over the last week, with a monthly amount drifted -14.22%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Despegar.com Corp [NYSE: DESP] stock has seen the most recent analyst activity on April 29, 2024, when Citigroup downgraded its rating to a Neutral and also boosted its price target to $14.50 from $11.50. Previously, Cantor Fitzgerald started tracking the stock with Overweight rating on March 07, 2024, and set its price target to $11. On August 11, 2023, upgrade upgraded it’s rating to Overweight and revised its price target to $13 on the stock. B. Riley Securities started tracking the stock assigning a Buy rating and suggested a price target of $10 on June 22, 2023. Citigroup upgraded its rating to Buy for this stock on January 25, 2022, but kept the price target unchanged to $15. In a note dated March 16, 2021, KeyBanc Capital Markets upgraded an Overweight rating on this stock but restated the target price of $23.
For the past year, the stock price of Despegar.com Corp fluctuated between $6.09 and $15.82. Currently, Wall Street analysts expect the stock to reach $13.63 within the next 12 months. Despegar.com Corp [NYSE: DESP] shares were valued at $12.79 at the most recent close of the market. An investor can expect a potential return of 6.57% based on the average DESP price forecast.
Analyzing the DESP fundamentals
According to Despegar.com Corp [NYSE:DESP], the company’s sales were 720.99M for trailing twelve months, which represents an 9.42% jump. Gross Profit Margin for this corporation currently stands at 0.68% with Operating Profit Margin at 0.13%, Pretax Profit Margin comes in at 0.08%, and Net Profit Margin reading is 0.06%. To continue investigating profitability, this company’s Return on Assets is posted at 0.05, Equity is -0.86 and Total Capital is 0.4. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 4.99.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 12.63 points at the first support level, and at 12.48 for the second support level. However, for the 1st resistance point, the stock is sitting at 12.92, and for the 2nd resistance point, it is at 13.06.
Ratios To Look Out For
It is important to note that Despegar.com Corp [NYSE:DESP] has a current ratio of 0.80. As well, the Quick Ratio is 0.80, while the Cash Ratio is 0.32. Considering the valuation of this stock, the price to sales ratio is 1.18 and price to earnings (TTM) ratio is 42633.33.
