Now Is Not the Time to Buy Airbnb Stock AirBnB (NASDAQ: ABNB ) stock bounced 5% on July 4 and July 5 amid a general rally in tech stocks. It then opened on July 6 at about $95.29 per share. Looking back, though, this isn’t the best place to be if you’ve been an investor of ABNB stock. That’s less than half its February 2021 high of almost $220 per share, not to mention its April high of $179 per share. Moreover, ABNB stock certainly isn’t a bargain. With its market capitalization of $61 billion, you’re paying more than 10 times last year’s $6 billion in revenue to own it, and 70 times earnings. Yet, there are still people pounding the table for ABNB stock. Even InvestorPlace’s Louis Navellier is bullish on ABNB stock . The company beat estimates for its first quarter earnings and predicted more of the same when it reports Q2 later this year. 7 Best Reddit Stocks to Buy Now So, is it time to get in on ABNB stock? Let’s dive in and find out. ABNB Airbnb $103.23 Airbnb’s Underlying Issues When an old telephone switching center near me was approved for conversion to small apartments last year, I immediately began calling it an Airbnb.