Liberty TripAdvisor Holdings, Inc. (LTRPA): what caused a melt-up today?

An interesting stock that came up in some of our conversations today is Liberty TripAdvisor Holdings, Inc. (NASDAQ:LTRPA). At current price of $7.08, the shares have already added 0.29 points (4.27% higher) from its previous close of $6.79. Should you buy or avoid them? The stock sets an active trading volume day with a reported 173627 contracts so far this session. LTRPA shares had a relatively better volume day versus average trading capacity of 547.03 thousand shares, but with a 72.13 million float and a -4.43% run over a week, it’s definitely worth keeping an eye on. The one year price forecast for LTRPA stock indicates that the average analyst price target is $8 per share. This means the stock has a potential increase of 12.99% from where the LTRPA share price has been trading recently which is between $6.76 and $6.86. There are some brokerage firms that offer lower targets than the average, with one of them, even setting their price target at $8. Flipping the other side of the coin, an analyst who is fully bullish set a price target as high as $8.

During the recent trading session for Liberty TripAdvisor Holdings, Inc. (NASDAQ:LTRPA), the company witnessed their stock drop by $-0.07 over a week and tumble down $-2.89 from the price 20 days ago. When compared to their established 52-week high of $19.67, the high they recorded in their recent session happens to be lower. Their established 52-week high was attained by the company on 12/12/18. The recent low of $6.01 stood for a -64.1% since 07/11/19, a data which is good for most investors who are looking to take advantage of the stock’s recent rise. A beta of 1.62 is also allocated to the stock. Since the beta is greater than one, it implies that the stock is more volatile than the market, a data that traders are keeping close attention to. At the moment, the median target price for LTRPA is set at $8, a figure which is below the recent 1-year high the stock witnessed.

Looking at the current readings for Liberty TripAdvisor Holdings, Inc., the two-week RSI stands at 39.12. This figure suggests that LTRPA stock, for now, is neutral, meaning that the shares are stable in terms of price movement. The stochastic readings, on the other hand, based on the current LTRPA readings is similarly very revealing as it has a stochastic reading of 52.68% at this stage. This figure means that LTRPA share price today is being neutral.

Technical chart claims that Liberty TripAdvisor Holdings, Inc. (LTRPA) would settle between $6.85/share to $6.9/share level. However, if the stock price goes below the $6.75 mark, then the market for Liberty TripAdvisor Holdings, Inc. becomes much weaker. If that happens, the stock price might even plunge as low as $6.7 for its downside target. The stock is currently in the red zone of MACD, with the indicator reading -0.04. Traders are always alerted for the move of a stock above or below the zero line due to the fact that the reading is an indicator of the position of the short-term average relative to the long-term average. If the MACD is above the zero line, then the short-term average relative is above that of the long-term average, thus implying an upward momentum. Vice versa is the case if the MACD is below the zero line.

Analysts at Guggenheim raised their recommendation on shares of LTRPA from Sell to Neutral in their opinion released on June 13. Evercore ISI, analysts launched coverage of Liberty TripAdvisor Holdings, Inc. (NASDAQ:LTRPA) stock with a In-line recommendation, according to their flash note issued to investors on October 16. Analysts at Guggenheim lowered the stock to a Sell call from its previous Neutral recommendation, in a research note that dated back to May 25.

LTRPA equity has an average rating of 2.67, with the figure leaning towards a bullish end. 3 analysts who tracked the company were contacted by Reuters. Amongst them, 3 rated the stock as a hold while the remaining 0 were split even though not equally. Some analysts rate the stock as a buy or a strong buy while no rated it as a sell. 0 analysts rated Liberty TripAdvisor Holdings, Inc. (NASDAQ:LTRPA) as a buy or a strong buy while not a single analyst advised that investors should desist from purchasing the stock or sell them if they already own the company’s stock.

Moving on, LTRPA stock price is currently trading at 0X forward 12-month Consensus EPS estimates, and its P/E ratio is 56.6 while for the average stock in the same group, the multiple is 33.4. Liberty TripAdvisor Holdings, Inc. current P/B ratio of 1.5 means it is trading at a discount against its industry’s 4.9.

Liberty TripAdvisor Holdings, Inc. (LTRPA)’s current-quarter revenues are projected to climb by nearly 3.8% to hit $359000, based on current consensus estimate. The firm’s full-year revenues are expected to expand by over -1% from $1.61 billion to a noteworthy $1.6 billion. At the other end of the current quarter income statement, Liberty TripAdvisor Holdings, Inc. is expected to see its adjusted earnings surge by roughly 9.1% to hit $-0.1 per share. For the fiscal year, LTRPA’s earnings are projected to climb by roughly 91.9% to hit $-0.07 per share.