Why Despegar Was a High-Flying Stock This Week
Latin American online travel agency Despegar's (NYSE: DESP) stock was taking off like an airplane in a hurry this week. According to data compiled by S&P Global Market Intelligence, the shares were up by 15% week to date as of Friday before market open. This was due in no small part to the company's publication of its first-quarter results.
For its inaugural frame of this year, Despegar's total gross bookings amounted to $1.1 billion, a robust 44% improvement over the same quarter of 2022. Revenue also headed sharply north, rising by 41% to just under $159 million. That was a new quarterly record for the travel company.
Despite the substantial gains in those top-level financials, Despegar was not profitable on the bottom line. Its net loss was considerably narrower, though, at $700,000 ($0.10 per share) against the deep year-ago deficit of $30.7 million.
Source Fool.com
travel BV ADR Stock
With 0 Sell predictions and 2 Buy predictions the community sentiment towards the travel BV ADR stock is not clear.
With a target price of 3 € there is potential for a 439.57% increase which would mean more than doubling the current price of 0.56 € for travel BV ADR.