Wednesday, June 29, 2022

The Forecast Just Changed on Liberty TripAdvisor Holdings Inc. (NASDAQ:LTRPB)

The Liberty TripAdvisor Holdings Inc. (LTRPB) shares are trading at higher $63.00.

To add more color to this target, the company’s high over the last year is $134.00 and the low is $2.10. Over the last 52 weeks, LTRPB is down -52.99% while the S&P 500 is down -0.56%. The catalyst for this interesting swing was the company’s recent earnings report.

A Notable Earnings Report

In the last quarter, LTRPB reported a profit of $322.0 million. Liberty TripAdvisor Holdings Inc. also saw revenues increase to $278.0 million. In addition, LTRPB has free cash flow of -$102.0 million as of 03-2020 The company’s EBITDA came in at -$1.0 million which compares well with its peers.

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Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. LTRPB has a short ratio of 0.30 and outstanding shares of 2.95M.

Company Outlook

LTRPB has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 88150.0 and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at 0.12. Liberty TripAdvisor Holdings Inc. LTRPB also noted assets of $5.15 billion at the end of the last quarter. Investors should also keep an eye on sector updates as LTRPB has historically followed its peers on positive news.

All told, Liberty TripAdvisor Holdings Inc. LTRPB has strung together solid data and demonstrated underlying fundamentals. At its current valuation, LTRPB represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.

Liberty TripAdvisor Holdings Inc. LTRPB is now commanding a market cap of 186.01M. LTRPB is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of LTRPB stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!

Disclosure: we hold no position in LTRPB, either long or short, and we have not been compensated for this article.

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