Hotel101 Global (NASDAQ:HBNB) Hits New 12-Month High – Should You Buy?

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

Analyst Upgrades and Downgrades

HBNB has been the subject of a number of research reports. Weiss Ratings assumed coverage on shares of Hotel101 Global in a report on Monday, January 5th. They issued a “sell (d)” rating for the company. Wall Street Zen raised Hotel101 Global to a “sell” rating in a research note on Saturday, January 10th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Sell”.

Hotel101 Global Stock Up 3.2%

The firm has a fifty day moving average price of $7.25.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Polar Asset Management Partners Inc. acquired a new stake in shares of Hotel101 Global during the third quarter valued at about $88,000. Citadel Advisors LLC acquired a new position in Hotel101 Global in the third quarter worth $43,000. Hudson Bay Capital Management LP acquired a new stake in Hotel101 Global during the third quarter worth about $62,000. Finally, Yakira Capital Management Inc. bought a new stake in shares of Hotel101 Global in the 3rd quarter worth approximately $32,000.

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.