Currently, there are 155.49M common shares owned by the public and among those 155.43M shares have been available to trade.
The company’s stock has a 5-day price change of 16.17% and 41.60% over the past three months. WB shares are trading 17.74% year to date (YTD), with the 12-month market performance up to 9.63% higher. It has a 12-month low price of $7.03 and touched a high of $12.30 over the same period. WB has an average intraday trading volume of 1.90 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 36.27%, 45.30%, and 40.36% respectively.
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Institutional ownership of Weibo Corp ADR (NASDAQ: WB) shares accounts for 43.91% of the company’s 155.49M shares outstanding.
It has a market capitalization of $1.82B and a beta (3y monthly) value of 0.21. The stock’s trailing 12-month PE ratio is 9.19, while the earnings-per-share (ttm) stands at $1.27. The company has a PEG of 7.10 and a Quick Ratio of 2.34 with the debt-to-equity ratio at 0.80. Price movements for the stock have been influenced by the stock’s volatility, which stands at 7.68% over the week and 4.93% over the month.
Earnings per share for the fiscal year are expected to decrease by -8.61%, and 3.41% over the next financial year. EPS should grow at an annualized rate of 1.29% over the next five years, compared to -10.97% over the past 5-year period.
Looking at the support for the WB, a number of firms have released research notes about the stock. Morgan Stanley stated their Underweight rating for the stock in a research note on May 17, 2024, with the firm’s price target at $11-$10. UBS was of a view on March 19, 2024 that the stock is Buy, while BofA Securities gave the stock Underperform rating on January 11, 2024, issuing a price target of $19.50- $10. The Benchmark Company on their part issued Hold rating on August 25, 2023.
