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Despegar.com Announces 4Q23 and FY23 Financial Results
Business Wire (Thu, 14-Mar 4:05 PM ET)
Despegar.com to Announce Fourth Quarter 2023 Financial Results on March 14, 2024
Business Wire (Tue, 5-Mar 4:30 PM ET)
Business Wire (Mon, 4-Mar 9:30 AM ET)
Despegar.com Corp is an online travel company in Latin America. Its product offering includes airline tickets, packages, hotels, and other travel-related products, which enables consumers to find, compare, plan and purchase travel products easily through its marketplace. The company provides a technology platform for managing the distribution of products and access to users to the network of travel suppliers. It operates through two segments: Air, which consists of the sale of airline tickets; and Packages, Hotels, and Other Travel Products, which consists of travel packages, as well as sales of hotel rooms, car rentals, bus tickets, cruise tickets, travel insurance and destination services. Its geographical segments are Argentina, Brazil, Uruguay, Mexico, and other countries.
Despegar.com Corp. trades on the NYSE stock market under the symbol DESP.
As of March 28, 2024, DESP stock price declined to $11.96 with 736,772 million shares trading.
DESP has a beta of 1.36, meaning it tends to be more sensitive to market movements. DESP has a correlation of 0.11 to the broad based SPY ETF.
DESP has a market cap of $836.55 million. This is considered a Small Cap stock.
Last quarter Despegar.com Corp. reported $204 million in Revenue and -$.08 earnings per share. This beat revenue expectation by $12 million and missed earnings estimates by -$.25.
In the last 3 years, DESP stock traded as high as $15.09 and as low as $4.44.
The top ETF exchange traded funds that DESP belongs to (by Net Assets): AWAY, ARGT, PRFZ, EMQQ, MEMX.
DESP has outperformed the market in the last year with a price return of +105.1% while the SPY ETF gained +33.6%. DESP has also outperformed the stock market ETF in the last 3 month and 2 week periods returning +26.3% and +24.5%, respectively, while the SPY returned +10.1% and +1.7%, respectively.
DESP support price is $11.76 and resistance is $12.62 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that DESP stock will trade within this expected range on the day.