Expedia Group, Inc.’s Stock Price Plunges to $115.33, Experiencing a Substantial 15.25% Dip

Expedia Group, Inc. (EXPE)

115.33 USD -20.76 (-15.25%) Volume: 13.94M

Expedia Group, Inc.’s stock price stands at 115.33 USD, experiencing a significant drop of -15.25% this trading session with a hefty trading volume of 13.94M, reflecting a YTD decline of -24.02%, indicating a tumultuous market performance.

Latest developments on Expedia Group, Inc.

Expedia Group, Inc. (NASDAQ:EXPE) has seen significant movement in its stock price due to a series of key events. Despite reporting revenue growth and adjusted profit in Q1 2024, the company’s stock fell on the back of disappointing bookings and a lowered price target. The company’s weaker than expected performance with Vrbo and slow B2C growth led to a downward revision of the full-year revenue forecast. The lowered outlook and mixed Q1 results have led to a downgrade of Expedia stock by analysts. Despite these challenges, the company’s stock outperformed competitors on strong trading days.

Expedia Group, Inc. on Smartkarma

Analysts at Baptista Research on Smartkarma are bullish on Expedia Group, Inc., highlighting the company’s strong performance in Q4 2023. Despite challenges and unpredictability, Expedia Group met its guidance with solid revenue and EBITDA results. The lodging business saw record growth in hotel gross bookings, but there was a slight decline in air bookings due to lower ticket prices. Baptista Research is evaluating various factors that could impact the company’s stock price and conducting an independent valuation using a Discounted Cash Flow (DCF) methodology.

In another report by Baptista Research on Smartkarma, analysts remain optimistic about Expedia Group, Inc.‘s future. The company exceeded expectations in the previous quarter, showing significant revenue and EBITDA growth despite challenges like the Maui fires impacting the Vrbo business. Despite global uncertainties, Expedia Group’s management closely monitored events like escalating violence in the Middle East affecting travel. The B2C business also showed promising growth, with year-over-year revenue acceleration in Q3. Analysts are bullish on Expedia Group’s innovative approach to travel with AI and machine learning marvels.

A look at Expedia Group, Inc. Smart Scores

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Expedia Group, Inc. has received a mixed bag of Smart Scores, indicating a varied long-term outlook for the company. While it has scored well in terms of growth potential, with a score of 4, suggesting promising future prospects, its value score is relatively lower at 2. This could mean that the company may not be considered undervalued in the market. Additionally, Expedia Group, Inc. has received a low score of 1 for dividends, indicating that it may not be a top choice for investors seeking regular dividend payouts.

On the other hand, the company has scored moderately well in terms of resilience and momentum, with scores of 3 for both factors. This suggests that Expedia Group, Inc. may be able to adapt to changing market conditions and maintain a stable performance over time. Overall, while the company shows strong potential for growth, investors may need to consider other factors such as valuation and dividends before making investment decisions.

Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
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