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

Hotel101 Global Holdings Corp. (NASDAQ:HBNB - Get Free Report) 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.Get Hotel101 Global alerts:Analyst Ratings ChangesHBNB 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".Read Our Latest Analysis on HBNBHotel101 Global Stock PerformanceThe company's 50 day simple moving average is $7.76. Hedge Funds Weigh In On Hotel101 GlobalA 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 (Get Free Report)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.Recommended StoriesFive stocks we like better than Hotel101 GlobalHow a Family Trust May Be Able To Help Preserve Your WealthDo not delete, read immediatelyRefund From 1933: Trump’s Reset May Create Instant WealthNEW LAW: Congress Approves Setup For Digital Dollar?The $100 Trillion AI Story No One Is Telling YouThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Hotel101 Global Right Now?Before you consider Hotel101 Global, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Hotel101 Global wasn't on the list.While Hotel101 Global currently has a Sell rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here