Hotel101 Global (NASDAQ:HBNB) Trading Up 6.1% – Should You Buy?

Hotel101 Global Holdings Corp. (NASDAQ:HBNB) shot up 6.1% during mid-day trading on Tuesday . The stock traded as high as $8.30 and last traded at $8.30. 8,338 shares traded hands during trading, a decline of 63% from the average session volume of 22,396 shares. The stock had previously closed at $7.82.

Analyst Ratings Changes

HBNB has been the topic of several analyst reports. Weiss Ratings assumed coverage on Hotel101 Global in a research note on Monday, January 5th. They set a “sell (d)” rating on the stock. Wall Street Zen raised Hotel101 Global to a “sell” rating in a research report on Saturday, January 10th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company has an average rating of “Sell”.

Hotel101 Global Stock Performance

The company’s 50 day simple moving average is $7.76.

Hedge Funds Weigh In On Hotel101 Global

A number of institutional investors have recently modified their holdings of the stock. Yakira Capital Management Inc. purchased a new stake in shares of Hotel101 Global in the third quarter valued at approximately $32,000. Citadel Advisors LLC purchased a new stake in shares of Hotel101 Global in the 3rd quarter worth $43,000. Hudson Bay Capital Management LP bought a new position in shares of Hotel101 Global during the 3rd quarter worth $62,000. Alterna Wealth Management Inc. purchased a new position in shares of Hotel101 Global during the fourth quarter valued at $154,000. Finally, Polar Asset Management Partners Inc. bought a new stake in shares of Hotel101 Global in the third quarter valued at about $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.