Hotel101 Global (NASDAQ:HBNB) Shares Gap Down – Should You Sell?

Hotel101 Global Holdings Corp. (NASDAQ:HBNB) shares gapped down prior to trading on Friday . The stock had previously closed at $8.15, but opened at $7.47. Hotel101 Global shares last traded at $8.45, with a volume of 8,798 shares.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on HBNB. Weiss Ratings began coverage on Hotel101 Global in a research report on Monday, January 5th. They set a “sell (d)” rating on the stock. Wall Street Zen upgraded shares of Hotel101 Global to a “sell” rating in a research note on Saturday, January 10th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, Hotel101 Global presently has a consensus rating of “Sell”.

Hotel101 Global Stock Up 2.9%

The company has a fifty day moving average of $8.00.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in HBNB. Yakira Capital Management Inc. bought a new position in Hotel101 Global during the third quarter worth about $32,000. Citadel Advisors LLC bought a new stake in shares of Hotel101 Global in the 3rd quarter valued at approximately $43,000. Hudson Bay Capital Management LP acquired a new position in shares of Hotel101 Global in the 3rd quarter worth approximately $62,000. Alterna Wealth Management Inc. bought a new position in shares of Hotel101 Global during the 4th quarter worth approximately $154,000. Finally, Polar Asset Management Partners Inc. acquired a new stake in Hotel101 Global in the 3rd quarter valued at $88,000.

Hotel101 Global Company Profile

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.