Despegar.com Corp [DESP] stock prices are up 5.53% to $11.65 at the moment. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The DESP shares have gain 13.22% over the last week, with a monthly amount drifted -0.43%, 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.
The stock price of Despegar.com Corp [DESP] has been fluctuating between $6.09 and $15.82 over the past year. 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 $11.65 at the most recent close of the market. An investor can expect a potential return of 17.0% based on the average DESP price forecast.
Analyzing the DESP fundamentals
The Despegar.com Corp [NYSE:DESP] reported sales of 740.52M for trailing twelve months, representing a surge of 11.79%. Gross Profit Margin for this corporation currently stands at 0.7% with Operating Profit Margin at 0.13%, Pretax Profit Margin comes in at 0.07%, and Net Profit Margin reading is 0.04%. To continue investigating profitability, this company’s Return on Assets is posted at 0.03, Equity is -2.96 and Total Capital is 0.43. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.63.
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 11.31 points at the first support level, and at 10.97 for the second support level. However, for the 1st resistance point, the stock is sitting at 11.86, and for the 2nd resistance point, it is at 12.06.
Ratios To Look Out For
It’s worth pointing out that Despegar.com Corp [NYSE:DESP]’s Current Ratio is 0.83. Further, the Quick Ratio stands at 0.83, while the Cash Ratio is 0.32. Considering the valuation of this stock, the price to sales ratio is 1.05 and price to earnings (TTM) ratio is 58250.00.
