Weibo Corporation (NASDAQ: WB) is -17.67% lower on its value in year-to-date trading and has touched a low of $28.93 and a high of $55.52 in the current 52-week trading range. The WB stock was last observed hovering at around $38.16 in the recent trading session, with the current loss setting it -0.26% off its average median price target of $41.00 for the next 12 months. It is also 24.2% off the consensus price target high of $50.00 offered by 26 analysts, but current levels are -9.86% lower than the price target low of $34.50 for the same period.
Even if you’re not actively in crypto, you deserve to know what’s actually going on...
Because while leading assets such as Bitcoin (BTC) and Ethereum (ETH) are climbing in value, a select group of public “crypto stocks” are surging right along with them. More importantly, these stocks are outpacing the returns these leading crypto assets aren already producing.
Click here to get the full story… along with our long list of backdoor Bitcoin strategies. It’s free.
At last check, trading at $37.90, the stock is 9.93% and 10.58% above its SMA20 and SMA50 respectively. However, with a current trading volume of 0.71 million and changing -0.68% at the moment leaves the stock -8.05% off its SMA200. WB registered -11.69% loss for a year compared to 6-month loss of -21.96%. The firm has a 50-day simple moving average (SMA 50) of $33.51 and a 200-day simple moving average (SMA200) of $38.63.
The stock witnessed a 10.58% gain in the last 1 month and extending the period to 3 months gives it a 4.15%, and is 13.57% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 5.46% over the week and 4.29% over the month.
Weibo Corporation (WB) has around 4126 employees, a market worth around $8.47B and $1.69B in sales. Current P/E ratio is 22.03 and Fwd P/E is 14.67. Profit margin for the company is 23.40%. Distance from 52-week low is 31.01% and -31.74% from its 52-week high. The company has generated returns on investments over the last 12 months (6.00%).
Weibo Corporation (WB) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Weibo Corporation (WB) is a “Overweight”. 26 analysts offering their recommendations for the stock have an average rating of 2.20, where 12 rate it as a Hold and 4 think it is a “Overweight”. 9 of the analysts rate the stock as a “Buy”. 1 analysts have rated the stock as a Sell or Underperform.
Weibo Corporation is expected to release its quarterly report on 08/05/2020 and quarterly earnings per share for the current quarter are estimated at $0.46 with sales reaching $379.53M over the same period.The EPS is expected to shrink by -11.10% this year, but quarterly earnings will post -6.10% year-over-year. Quarterly sales are estimated to shrink -12.10% in year-over-year returns.
Weibo Corporation (WB) Top Institutional Holders
344 institutions hold shares in Weibo Corporation (WB), with 17.05M shares held by insiders accounting for 7.53% while institutional investors hold 44.02% of the company’s shares. The shares outstanding are 226.39M, and float is at 113.87M with Short Float at 10.54%. Institutions hold 40.70% of the Float.
The top institutional shareholder in the company is Alibaba Group Holding Ltd with over 9.0 million shares valued at $297.99 million. The investor’s holdings represent 7.30% of the WB Shares outstanding. As of Mar 30, 2020, the second largest holder is Schroder Investment Management Group with 6.38 million shares valued at $211.09 million to account for 5.17% of the shares outstanding. The other top investors are Invesco Ltd. which holds 3.98 million shares representing 3.23% and valued at over $131.8 million, while Fisher Asset Management, LLC holds 2.83% of the shares totaling 3.49 million with a market value of $115.55 million.
Weibo Corporation (WB): Who are the competitors?
The company’s main competitors (and peers) include Phoenix New Media Limited (FENG) that is trading -6.13% down over the past 12 months. Facebook Inc. (FB) is 22.27% up on the 1-year trading charts. Short interest in the company’s stock has risen 10.17% from the last report on May 14, 2020 to stand at a total of 10.78 million short shares sold with a short interest ratio of 4.93.