AIRBNB (#AIRBNB) weekly special report based On 1 Lot Calculation:
TRAVEL SEASON TO START SOON, AS GLOBAL TRAVEL EXPECTED TO REACH 92% OF PRE-PANDEMIC LEVELS:
- WORLD HEALTH ORGANIZATION DECLARES COVID GLOBAL HEALTH EMERGENCY IS OVER: According to reports, the World Health Organization has stated that Covid-19 is no longer an emergency. This news could alleviate potential travel fears people have had due to the pandemic and may be a bullish catalyst as more people start to travel.
- WORLDWIDE: Global tourism arrivals are expected to increase 30% in 2023, building on the 60% growth in global travel from 2022. Global travel demand remains strong, with travel expected to reach 92% of pre-pandemic levels.
- CHINA: CHINA OUTBOUND TRAVEL EXPECTED TO RECOVER TO 48% OF 2019 LEVELS in 2023, WITH 17.4 MILLION TRAVELERS EXPECTED TO TRAVEL OUTSIDE OF CHINA. With Chinese outbound travel expected to rise sharply in 2023, Airbnb stands to gain with more Chinese booking holidays through the provider. According to reports, 29% of all outbound travelers prefer to use Airbnb, which is at least an additional 5 million people.
- AIRBNB IN TRAVEL: Airbnb has significant market share in the global travel and accommodation industry. Airbnb now makes up 25% of the global travel accommodation market share, with only Booking.com holding a larger share. Airbnb has grown its user base from ~10,000 users and 2,500 listings in 2009, to ~5.7m active listings and over 300m annual bookings in 2022.
AIRBNB: COMPANY AND EVENTS
- AIRBNB operates an online platform that enables booking services and provides travel information to users. The company offers lodging, home-stay and tourism services to clients globally.
- EVENT Q1 EARNINGS 2023 May 9, 2023 (CONFIRMED AFTERMARKET): Airbnb is expected to report earnings on the 9th of May 2023 according to analysts. Revenue for Q1 is forecasted to be $1.79B while Earnings per share is expected to come in at $0.15. Airbnb has beaten 8 out of the last 8 revenue forecasts and 7 of the last 8 EPS forecasts. For 2022, Airbnb has grown its profit margin 178% year-on-year.
- AIRBNB HAS GROWN ITS REVENUE AT A COMPOUNDED ANNUAL GROWTH RATE OF ~45% PER YEAR SINCE 2014: Airbnb has grown its revenue from $423m in 2014 to $8.4B as of Q4 2022. This represents a total revenue growth of 1,885% over the 8-year period.
AIRBNB: PRICE ACTION
- ANALYSTS OPINIONS: Credit Suisse has a price target of $160, CitiBank targets $148, while HSBC targets $163. The Bloomberg Analyst Consensus has an average price target of $139.97.
- STOCK PRICE ACTION: THE STOCK HAS HAD A DOWNWARD CORRECTION OF AROUND 60.80% FROM IT'S ALL- TIME HIGH OF $216.84. The stock has fallen to its lowest rate since September, 2020, to $81.26 (December 22, 2022). Airbnb was last trading around $119.00, and If a full recovery follows recent all- time highs, the stock could see an upside of around ~82.21%. However, it could go lower.
AIRBNB, May 8, 2023
Current Price:119.00
|
Airbnb |
Weekly |
|
Trend direction |
|
|
170.00 |
|
|
150.00 |
|
|
133.00 |
|
|
107.00 |
|
|
100.00 |
|
|
95.00 |
Example of calculation based on weekly trend direction for 1 Lot1
|
Airbnb |
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|
Pivot Points |
||||||
|
Profit or loss in $ |
51,000.00 |
31,000.00 |
14,000.00 |
-12,000.00 |
-19,000.00 |
-24,000.00 |
|
Profit or loss in €2 |
46,237.53 |
28,105.17 |
12,692.66 |
-10,879.42 |
-17,225.75 |
-21,758.84 |
|
Profit or loss in £2 |
40,367.26 |
24,536.96 |
11,081.21 |
-9,498.18 |
-15,038.78 |
-18,996.36 |
|
Profit or loss in C$2 |
68,067.41 |
41,374.31 |
18,685.17 |
-16,015.86 |
-25,358.45 |
-32,031.72 |
- 1.00 lot is equivalent of 1 000 units
- Calculations for exchange rate used as of 10:30(GMT+1) 08/05/2023
Fortrade recommends the use of Stop-Loss and Take-Profit, please speak to your Senior Account ManagerClient Managerregarding their use.
- You may wish to consider closing your position in profit, even if it is lower than suggested one
- Trailing stop technique can protect the profit – Ask your Senior Account ManagerClient Managerfor more detail