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Saturday, September 30, 2023

The Forecast Just Changed on Group Limited (NASDAQ:TCOM)

Must read Group Limited (TCOM) shares are trading at higher $35.22 and the avg recommendation for the stock is Moderate Buy, while the current analyst price target stands at $32.79.

To add more color to this target, the company’s high over the last year is $38.95 and the low is $20.10. Over the last 52 weeks, TCOM is up 11.17% while the S&P 500 is up 17.73%. The catalyst for this interesting swing was the company’s recent earnings report.

A Notable Earnings Report

In the last quarter, TCOM reported a profit of $653.0 million. Group Limited also saw revenues increase to $805.0 million. In addition, TCOM has free cash flow of $0.0 as of 09-2020. The company’s EBITDA came in at $117.0 million which compares well with its peers.

TCOM booked profit margins of -11.30%, its Return on Equity (ROE) is -3.00%, and its Return on Assets is -1.50%. All told, it is clear that, TCOM needs to be on your watchlist.

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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. TCOM has a short ratio of 3.17 and outstanding shares of 599.75M.

Company Outlook

TCOM has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 4.19 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at -0.89. Group Limited TCOM also noted assets of $29.19 billion at the end of the last quarter. Investors should also keep an eye on sector updates as TCOM has historically followed its peers on positive news.

All told, Group Limited TCOM has strung together solid data and demonstrated underlying fundamentals. At its current valuation, TCOM 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. Group Limited TCOM is now commanding a market cap of 20.35B and a float of 566.77M. TCOM 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 TCOM 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 TCOM, either long or short, and we have not been compensated for this article.

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