Weibo Corp ADR (NASDAQ: WB) is -7.90% lower on its value in year-to-date trading and has touched a low of $7.03 and a high of $12.40 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 $9.28 in the last trading session, with the day’s loss setting it -0.12%.
Currently trading at $9.16, the stock is -5.83% and 5.42% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.64 million and changing -1.29% at the moment leaves the stock 9.30% off its SMA200. WB registered -16.51% loss for a year compared to 6-month gain of 6.76%. The firm has a 50-day simple moving average (SMA 50) of $8.6894 and a 200-day simple moving average (SMA200) of $8.6231.
The stock witnessed a -15.19% loss in the last 1 month and extending the period to 3 months gives it a 20.53%, and is 0.55% 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 3.54% over the week and 4.59% over the month.
Weibo Corp ADR (WB) has around 5268 employees, a market worth around $1.42B and $1.74B in sales. Current P/E ratio is 7.19 and Fwd P/E is 5.11. Profit margin for the company is 18.52%. Distance from 52-week low is 30.30% and -26.13% 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 -8.43% this year
The shares outstanding are 155.49M, and float is at 155.43M with Short Float at 12.43%.
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.
