#DESP 1W- LONG TERM HOLD / LATIN AMERICAN UNICORN.
Despegar.com, Corp., its an online travel company that provides a range of travel and travel-related products through its websites and mobile applications in Latin America. The company operates through two segments, Air; and Packages, Hotels and Other Travel Products. The company offers airline tickets; travel packages, hotel rooms, car rentals, bus tickets, cruise tickets, travel insurance, destination services, and other travel-related products, which enable consumers to find, compare and purchase travel products through its platform.
Market cap: 1.025B
It almost redundant that most affected companies by COVID-19 lockdowns and restrictions were travel, hotels airfreight firms.
Since Feb 18th to March 23th of 2020, its price sink by a -71%. Beside this massive hit, lockdowns were translated into less billing and then, into less earnings per share. DESP missed all earning estimates from 2020Q2 to 2021Q1. A sector that is completely devastated, but now showing some sings that reach its bottom.
With the re-opening of most of Latin American economies and vaccination moving forward, tourisms might rise again on last two quarters of the year and in 2022.
Technically, DESP its doing quite good since the dip in March 20''. A really long term trend has been broken and a new uptrend has been confirmed.
Now, we are on a turning point, were price must overcome 14.70 level. Fibonacci extension shows our first target at 16.94 (+17%) and I believe that its highly possible to reach a 21-22 level (+49%)by Q4 if balances sheets start to showing some improvements.
I am already in a position since 12 USD, but I´ll open another position if price reach a 15-16 level, setting my stop loss at 13.5
Stochastic Oscillator its looking great with a possible K/D cross right now. Stochastic its showing a little divergence from January to middle march, but I think that its already discounted.
Market cap: 1.025B
It almost redundant that most affected companies by COVID-19 lockdowns and restrictions were travel, hotels airfreight firms.
Since Feb 18th to March 23th of 2020, its price sink by a -71%. Beside this massive hit, lockdowns were translated into less billing and then, into less earnings per share. DESP missed all earning estimates from 2020Q2 to 2021Q1. A sector that is completely devastated, but now showing some sings that reach its bottom.
With the re-opening of most of Latin American economies and vaccination moving forward, tourisms might rise again on last two quarters of the year and in 2022.
Technically, DESP its doing quite good since the dip in March 20''. A really long term trend has been broken and a new uptrend has been confirmed.
Now, we are on a turning point, were price must overcome 14.70 level. Fibonacci extension shows our first target at 16.94 (+17%) and I believe that its highly possible to reach a 21-22 level (+49%)by Q4 if balances sheets start to showing some improvements.
I am already in a position since 12 USD, but I´ll open another position if price reach a 15-16 level, setting my stop loss at 13.5
Stochastic Oscillator its looking great with a possible K/D cross right now. Stochastic its showing a little divergence from January to middle march, but I think that its already discounted.
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