Global Business Travel Group Inc. (GBTG) Clearly Signals Buy-Into the Stock: Don’t ignore the signals

Global Business Travel Group Inc. (NYSE: GBTG) stock jumped 5.52% on Wednesday to $4.97 against a previous-day closing price of $4.71. With 0.18 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.14 million shares. During the session, the Software – Application company that operates in wider Technology sector, reached to the highest price of $5.3100 whereas the lowest price it dropped to was $4.6900. The 52-week range on GBTG shows that it touched its highest point at $10.02 and its lowest point at $4.26 during that stretch. It currently has a 1-year price target of $8.50.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of GBTG was up-trending over the past week, with a rise of 11.94%, but this was down by -14.46% over a month. Three-month performance dropped to -32.01% while six-month performance fell -37.41%. The stock lost -49.54% in the past year, while it has lost -49.65% so far this year. A look at the trailing 12-month EPS for GBTG yields -0.19 with Next year EPS estimates of 0.06. For the next quarter, that number is -0.14. This implies an EPS growth rate of 130.30% for this year and 112.80% for next year.

Float and Shares Shorts:

At present, 462.20 million GBTG shares are outstanding with a float of 418.97 million shares on hand for trading. On Oct 13, 2022, short shares totaled 0.54 million, which was 0.94% higher than short shares on Sep 14, 2022. In addition to Mr. Paul Abbott as the firm’s CEO & Director, Ms. Martine Gerow serves as its Chief Financial Officer.

Institutional Ownership:

Through their ownership of 66.48% of GBTG’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 63.29% of GBTG, in contrast to 5.73% held by mutual funds. Shares owned by individuals account for 30.51%. As the largest shareholder in GBTG with 12.81% of the stake, Ares Management LLC holds 8,675,568 shares worth 8,675,568. A second-largest stockholder of GBTG, HG Vora Capital Management LLC, holds 8,200,000 shares, controlling over 12.10% of the firm’s shares. Lumyna Investments Ltd. is the third largest shareholder in GBTG, holding 1,238,699 shares or 1.83% stake. With a 1.76% stake in GBTG, the JPMorgan Funds – Multi-Manager Al is the largest stakeholder. A total of 1,194,163 shares are owned by the mutual fund manager. The Lumyna – MW TOPS UCITS Fund, which owns about 1.30% of GBTG stock, is the second-largest Mutual Fund holder. It holds 877,148 shares valued at 4.86 million. Lyxor Newcits IRL Plc – Tiedemann holds 0.63% of the stake in GBTG, owning 427,434 shares worth 2.37 million.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for GBTG since 4 analysts follow the stock currently. There are 3 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 1 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With GBTG analysts setting a high price target of $9.00 and a low target of $7.50, the average target price over the next 12 months is $8.50. Based on these targets, GBTG could surge 81.09% to reach the target high and rise by 50.91% to reach the target low. Reaching the average price target will result in a growth of 71.03% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. . Analysts have provided yearly estimates in a range of -$0.36 being high and -$0.53 being low. For GBTG, this leads to a yearly average estimate of -$0.45. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. Global Business Travel Group Inc. surprised analysts by -$0.31 when it reported -$0.43 EPS against a consensus estimate of -$0.12. Based on analyst estimates, the high estimate for the next quarter is -$0.07 and the low estimate is -$0.20. The average estimate for the next quarter is thus -$0.13.

Summary of Insider Activity:

Insiders traded GBTG stock several times over the past three months with 2 Buys and 0 Sells. In these transactions, 3,364,386 shares were bought while 0 shares were sold. The number of buy transactions has increased to 60 while that of sell transactions has remained unmoved to 0 over the past year. The total number of shares bought during that period was 30,018,047 while 0 shares were sold.

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