Weibo Corp ADR (WB) concluded trading on 01/11/24 at a closing price of $9.13, with 3.48 million shares of worth about $31.79 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -36.86% during that period and on Thursday the price saw a loss of about -4.40%. Currently the company’s common shares owned by public are about 145.37M shares, out of which, 145.31M shares are available for trading.
A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 25 analysts are covering the WB stock and their offered price forecasts bring an average price target of $127.66. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $183.51 and could fall to a lowest price of $78.19. The stock’s current price level is 44.4% above of average price target set by the analysts, while a rise to estimated low would result in gain of 88.32% for the stock. However, touching the estimated high of $183.51 would mean a gain of 95.02% for the stock.
Weibo Corp ADR (NASDAQ: WB) started trading at $9.33, below -$0.22 from concluding price of the previous day. Stock saw a price change of -12.38% in past 5 days and over the past one month there was a price change of -4.60%. Year-to-date (YTD), WB shares are showing a performance of -16.62% which decreased to -53.31% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $9.09 but also hit the highest price of $24.04 during that period. The average intraday trading volume for Weibo Corp ADR shares is 1.70 million. The stock is currently trading -10.49% below its 20-day simple moving average (SMA20), while that difference is down -15.69% for SMA50 and it goes to -31.00% lower than SMA200.
Weibo Corp ADR (NASDAQ: WB) currently have 145.37M outstanding shares and institutions hold larger chunk of about 49.55% of that.
The stock has a current market capitalization of $1.33B and its 3Y-monthly beta is at 0.44. PE ratio of stock for trailing 12 months is 5.42, while it has posted earnings per share of $1.69 in the same period. Its PEG reads 3.21 and has Quick Ratio of 2.38 while making debt-to-equity ratio of 0.76. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for WB, volatility over the week remained 4.09% while standing at 3.20% over the month.
Analysts are in expectations that Weibo Corp ADR (WB) stock would likely to be making an EPS of $0.5 in the current quarter, while forecast for next quarter EPS is $0.47 and it is $2.2 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.44 which is $0.59 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.75 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -8.23% while it is estimated to increase by 4.84% in next year. EPS is likely to grow at an annualized rate of 1.69% for next 5-years, compared to annual growth of -25.64% made by the stock over the past 5-years.
Analysts at 25 brokerage firms have issued recommendations for the Weibo Corp ADR (WB)’s stock and average of those rates the stock at a “Strong Buy” and assign it a score of 1.88. Out of those 25 Wall Street analysts, 14 recommended a “Buy” rating, while 9 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by BofA Securities on January 11, 2024 offering an Underperform rating for the stock and assigned a target price range of between $19.50 and $10 to it.
