Weibo Corp ADR (WB) Stock Could Soon Reward Patient Investors

Weibo Corp ADR (NASDAQ: WB) is -41.92% lower on its value in year-to-date trading and has touched a low of $9.09 and a high of $24.04 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The WB stock was last observed hovering at around $10.43 in the last trading session, with the day’s gains setting it 0.01%.

Currently trading at $10.44, the stock is 2.95% and -6.76% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.67 million and changing 0.10% at the moment leaves the stock -22.92% off its SMA200. WB registered -40.39% loss for a year compared to 6-month loss of -22.67%. The firm has a 50-day simple moving average (SMA 50) of $1.17 and a 200-day simple moving average (SMA200) of $9.16.

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The stock witnessed a -14.71% gain in the last 1 month and extending the period to 3 months gives it a -13.86%, and is 4.92% 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 3.56% over the week and 3.37% over the month.

Weibo Corp ADR (WB) has around 5935 employees, a market worth around $1.52B and $1.74B in sales. Current P/E ratio is 6.20 and Fwd P/E is 4.75. Profit margin for the company is 23.01%. Distance from 52-week low is 14.85% and -56.57% from its 52-week high. The company has generated returns on investments over the last 12 months (8.29%).

Weibo Corp ADR (WB) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for Weibo Corp ADR (WB) is a “Overweight”. 25 analysts offering their recommendations for the stock have an average rating of 1.76, where 9 rate it as a Hold and 1 think it is a “Overweight”. 15 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.

Weibo Corp ADR is expected to release its quarterly report on 02/28/2024.The EPS is expected to shrink by -8.20% this year.

Weibo Corp ADR (WB) Top Institutional Holders

The shares outstanding are 145.37M, and float is at 145.23M with Short Float at 2.45%.

Weibo Corp ADR (WB): Who are the competitors?

The company’s main competitors (and peers) include Phoenix New Media Ltd. Cl A ADR (FENG) that is trading -48.09% down over the past 12 months. Meta Platforms Inc. (META) that is 200.60% higher over the same period.