Hotel101 Global (NASDAQ:HBNB) Sets New 12-Month High – Here’s Why

Hotel101 Global Holdings Corp. (NASDAQ:HBNB)’s stock price hit a new 52-week high during trading on Thursday . The stock traded as high as $9.94 and last traded at $9.89, with a volume of 9344 shares changing hands. The stock had previously closed at $9.46.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on HBNB. Weiss Ratings started coverage on shares of Hotel101 Global in a research note on Monday, January 5th. They issued a “sell (d)” rating on the stock. Wall Street Zen raised Hotel101 Global to a “sell” rating in a research note on Saturday, January 10th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock presently has an average rating of “Sell”.

Hotel101 Global Stock Performance

The business has a fifty day moving average of $7.44.

Institutional Trading of Hotel101 Global

Large investors have recently bought and sold shares of the business. Yakira Capital Management Inc. bought a new stake in shares of Hotel101 Global during the 3rd quarter valued at about $32,000. Citadel Advisors LLC acquired a new position in shares of Hotel101 Global during the third quarter valued at about $43,000. Hudson Bay Capital Management LP bought a new stake in shares of Hotel101 Global during the third quarter valued at approximately $62,000. Finally, Polar Asset Management Partners Inc. bought a new stake in Hotel101 Global during the 3rd quarter valued at $88,000.

About Hotel101 Global

Hotel101 Global, Inc, listed on NASDAQ under the symbol HBNB, is a hospitality company specializing in the ownership, development, and operation of midscale hotels and hotel-branded residences. The company’s flagship brand, Hotel101, offers standardized guest rooms, on-site dining, and meeting facilities designed to serve both business and leisure travelers. Since commencing operations in 2021, Hotel101 Global has focused on a growth strategy that combines new property development with franchising agreements to expand its brand footprint.

Through its operating subsidiaries, Hotel101 Global maintains a portfolio of properties primarily in the Philippines, with key locations in Metro Manila, Bacolod, Iloilo, and Clark, Pampanga.