Chinese company Trip.com, a travel booking company (TCOM), is an industry leader in travel-related services. Its stock price has plummeted in the past month because of growing fears about the COVID-19 micron variant’s rapid spread. At the current level of its stock, would it be wise to make a profit on this stock? Headquartered at Shanghai, the company is headquartered in China. China-based Trip.com Group is the world’s largest travel service provider. It includes Ctrip, Skyscanner and Qunar. TCOM, with a market capitalization of $14.81 billion, is the biggest company in the travel service industry.

In the last one year, shares of the company have fallen 30.2% and 18.8% in value respectively. Yesterday’s closing session saw the stock trade at $22.88, 49.4% lower than its 52-week peak of $45.19 which was reached on March 17, 2021.

International travel restrictions are being enforced by governments all over the globe. Investors worry about a slowdown in future bookings as well as delays to an industry that is still in a slow recovery. TCOM’s poor profitability and this could cause TCOM stock to fall further.

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