Bilibili Inc ADR (NASDAQ: BILI) Loses -56.34% From High. Why That Could Change?

Currently, there are 328.44M common shares owned by the public and among those 319.65M shares have been available to trade.

The company’s stock has a 5-day price change of 2.10% and -5.74% over the past three months. BILI shares are trading -8.30% year to date (YTD), with the 12-month market performance down to -54.84% lower. It has a 12-month low price of $8.80 and touched a high of $25.56 over the same period. BILI has an average intraday trading volume of 7.39 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -1.19%, 7.55%, and -15.54% respectively.

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Institutional ownership of Bilibili Inc ADR (NASDAQ: BILI) shares accounts for 17.91% of the company’s 328.44M shares outstanding.

It has a market capitalization of $3.57B and a beta (3y monthly) value of 0.99. The earnings-per-share (ttm) stands at -$1.64. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.83% over the week and 4.92% over the month.

Analysts forecast that Bilibili Inc ADR (BILI) will achieve an EPS of -$0.16 for the current quarter, -$0.1 for the next quarter and $0.3 for 2025. The lowest estimate earnings-per-share for the quarter is -$0.22 while analysts give the company a high EPS estimate of -$0.08. Comparatively, EPS for the current quarter was -$0.35 a year ago. Earnings per share for the fiscal year are expected to increase by 78.85%, and 216.04% over the next financial year.

Looking at the support for the BILI, a number of firms have released research notes about the stock. JP Morgan stated their Neutral rating for the stock in a research note on March 11, 2024, with the firm’s price target at $10-$11. Citigroup coverage for the Bilibili Inc ADR (BILI) stock in a research note released on March 11, 2024 offered a Neutral rating with a price target of $12.50. Daiwa Securities was of a view on January 19, 2024 that the stock is Neutral, while UBS gave the stock Neutral rating on December 04, 2023, issuing a price target of $22- $13.20. Barclays on their part issued Underweight rating on November 30, 2023.

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