Weibo Corp ADR (NASDAQ: WB) is -10.31% 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 $8.97 in the last trading session, with the day’s loss setting it -0.05%.
Currently trading at $8.92, the stock is 0.58% and -2.51% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.45 million and changing -0.56% at the moment leaves the stock 5.26% off its SMA200. WB registered -18.23% loss for a year compared to 6-month gain of 1.71%. The firm has a 50-day simple moving average (SMA 50) of $9.1492 and a 200-day simple moving average (SMA200) of $8.65075.
The stock witnessed a -1.33% loss in the last 1 month and extending the period to 3 months gives it a 15.84%, and is 6.83% 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 4.81% over the week and 3.84% over the month.
Weibo Corp ADR (WB) has around 5268 employees, a market worth around $1.39B and $1.76B in sales. Current P/E ratio is 6.19 and Fwd P/E is 4.90. Profit margin for the company is 21.30%. Distance from 52-week low is 26.88% and -28.06% from its 52-week high. The company has generated returns on investments over the last 12 months (6.89%).
with sales reaching $449.97M over the same period.The EPS is expected to shrink by -5.79% this year, but quarterly earnings will post -0.63% year-over-year. Quarterly sales are estimated to grow 1.77% 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.
Weibo Corp ADR (WB) Insider Activity
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