Weibo Corp ADR (WB) concluded trading on Wednesday at a closing price of $9.29, with 3.51 million shares of worth about $32.65 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -30.98% during that period and on Wednesday the price saw a gain of about 5.93%. Currently the company’s common shares owned by public are about 145.37M shares, out of which, 145.31M shares are available for trading.
Stock saw a price change of 3.91% in past 5 days and over the past one month there was a price change of 7.90%. Year-to-date (YTD), WB shares are showing a performance of -15.16% which decreased to -57.57% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $7.84 but also hit the highest price of $21.97 during that period. The average intraday trading volume for Weibo Corp ADR shares is 2.26 million. The stock is currently trading 8.88% above its 20-day simple moving average (SMA20), while that difference is down -0.87% for SMA50 and it goes to -24.39% lower than SMA200.
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Weibo Corp ADR (NASDAQ: WB) currently have 145.37M outstanding shares and institutions hold larger chunk of about 50.70% of that.
The stock has a current market capitalization of $1.35B and its 3Y-monthly beta is at 0.41. PE ratio of stock for trailing 12 months is 5.51, while it has posted earnings per share of $1.69 in the same period. Its PEG reads 3.26 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 4.28% 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 $0.44 and it is $2.18 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.44 which is $0.57 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 -8.42% while it is estimated to increase by 4.33% 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.
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.
