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      Inspirato Inc. (ISPO) stock Continues to Rise Premarket. What’s Happening? - Stocks Telegraph

      By Gule Rukhsar

      Published on

      March 31, 2022

      9:24 AM UTC

      Inspirato Inc. (ISPO) stock Continues to Rise Premarket. What’s Happening? - Stocks Telegraph

      The luxury travel industry is making a speedy recovery from the impacts of the Covid-19 pandemic. The travel industry has been severely impacted by the pandemic due to entry restrictions along with travel bans and post-arrival quarantine stays. Although new variants of the virus are still running amok, the momentum has somewhat died down. Thus, the travel industry including luxury travel is now getting back on its own feet.

      It seems the luxury travel company, Inspirato Inc. (ISPO) is enjoying the recovery as its stock is trending in today’s premarket with a nice gain of 17.54%. At the last check, ISPO was trading at a value of $10.05 in the premarket while 211.79K shares were exchanging.

      Source: Cabot Wealth

      The recent public debutant remained bullish in the prior trading session on Wednesday as well. The stock reported a gain of 3.39% at its closing price of $8.55 in the prior session.

      ISPO’s Post IPO Price Analysis

      It was only in mid-February that the luxury travel company made its public debut with its IPO on February 14, 2022. Following its IPO, ISPO surged up to report an all-time high of $108.00. Since then the stock has declined by 15.35% losing as much as 84% last month.

      The company’s latest news date back to March 22. Seemingly opposite of the news, the stock then entered a downtrend with its plunge down to its low of $7.70 on March 25. Prompting the investors to buy the dip, the stock rebounded on March March 29 and has since continued its bullishness into today’s premarket. Given that there is no other news from the company, the latest price surge seems to stem from external factors intriguing investors.

      What Does the Company Say?

      Recently, the company was able to secure the position of new title sponsor of the Colorado Open Championships. Succeeding CoBank, ISPO will remain the title sponsor for five years through 2026.

      Before this, the company expanded its portfolio of luxury vacation accommodations with the addition of 37 residences at Canoe Place in the Hamptons. This expansion stemmed from the company’s latest partnership with Rechler Equity Partners.

      A Look at Latest Financials

      The company achieved a nice growth of 71% YOY in its Q4 2021 revenue with the reported value standing at $68 million.

      Furthermore, the adjusted net and EBITDA losses for the quarter were $9 million and $6 million respectively. The comparable figures for Q4 2020 were $5 million and $4 million.

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