San Francisco-based vacation rental company Airbnb, Inc. (ABNB) offers a platform that allows bookings for stays, vacations, and experiences. It brings hosts and guests together online or via mobile devices. ABNB anticipates its revenue will increase by 56% - 64% year-over-year in the coming quarter. This prediction comes as Russia's invasion of Ukraine continues to wreak havoc on European travel. Indeed, the company stated that many of its customers booked Airbnb properties in Ukraine when the crisis erupted to give money to Ukrainian hosts, even though they had no intention of actually traveling there.
However, the stock is down 30.3% in price year-to-date and 28.6% over the past month to close yesterday's trading session at $116.13. In addition, its shares are currently trading 45.4% below their 52-week high of 212.58.
