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

Weibo Corp ADR (NASDAQ: WB) is -9.01% 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 $8.51 in the last trading session, with the day’s gains setting it 0.54%.

Currently trading at $9.05, the stock is 1.84% and 0.08% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.78 million and changing 6.35% at the moment leaves the stock 6.96% off its SMA200. WB registered -14.84% loss for a year compared to 6-month loss of -0.22%. The firm has a 50-day simple moving average (SMA 50) of $9.005 and a 200-day simple moving average (SMA200) of $8.6464.

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The stock witnessed a 0.44% gain in the last 1 month and extending the period to 3 months gives it a 14.70%, and is 9.43% 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 3.66% over the week and 3.72% over the month.

Weibo Corp ADR (WB) has around 5268 employees, a market worth around $1.41B and $1.76B in sales. Current P/E ratio is 6.28 and Fwd P/E is 5.03. Profit margin for the company is 21.30%. Distance from 52-week low is 28.73% and -27.02% from its 52-week high. The company has generated returns on investments over the last 12 months (6.89%).

with sales reaching $451.92M over the same period.The EPS is expected to shrink by -7.85% this year, but quarterly earnings will post 2.22% year-over-year. Quarterly sales are estimated to grow 2.21% in year-over-year returns.

Weibo Corp ADR (WB) Top Institutional Holders

The shares outstanding are 155.49M, and float is at 155.43M with Short Float at 12.34%.

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.