Weibo Corp ADR (NASDAQ: WB) is -21.98% lower on its value in year-to-date trading and has touched a low of $7.03 and a high of $12.30 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 $7.51 in the last trading session, with the day’s gains setting it 0.25%.
Currently trading at $7.76, the stock is 4.49% and 0.61% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.68 million and changing 3.33% at the moment leaves the stock -6.55% off its SMA200. WB registered -28.62% loss for a year compared to 6-month loss of -9.40%.
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The stock witnessed a -0.51% gain in the last 1 month and extending the period to 3 months gives it a -6.17%, and is 6.89% 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 2.53% over the week and 2.78% over the month.
Weibo Corp ADR (WB) has around 5268 employees, a market worth around $1.21B and $1.74B in sales. Current P/E ratio is 6.09 and Fwd P/E is 4.38. Profit margin for the company is 18.52%. Distance from 52-week low is 10.38% and -36.90% from its 52-week high. The company has generated returns on investments over the last 12 months (6.21%).
The EPS is expected to shrink by -8.61% this year
The shares outstanding are 155.49M, and float is at 155.43M with Short Float at 11.64%.
The top institutional shareholder in the company is ALIBABA GROUP HOLDING LTD with over 9.0 million shares valued at $69.12 million. The investor’s holdings represent 3.8024 of the WB Shares outstanding. As of 2024-06-30, the second largest holder is FEDERATED HERMES, INC. with 4.77 million shares valued at $36.6 million to account for 2.0136 of the shares outstanding. The other top investors are ARGA INVESTMENT MANAGEMENT, LP which holds 4.51 million shares representing 1.9034 and valued at over $34.6 million, while ALLSPRING GLOBAL INVESTMENTS HOLDINGS, LLC holds 1.7774 of the shares totaling 4.21 million with a market value of $32.31 million.
