Weibo Corp ADR (NASDAQ: WB) is 11.73% higher 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 continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The WB stock was last observed hovering at around $10.08 in the last trading session, with the day’s gains setting it 0.59%.
Currently trading at $10.67, the stock is 0.45% and 6.53% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.56 million and changing 5.85% at the moment leaves the stock 18.89% off its SMA200. WB registered 28.53% gain for a year compared to 6-month gain of 42.65%.
The stock witnessed a 6.06% loss in the last 1 month and extending the period to 3 months gives it a 11.15%, and is -1.39% down 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 4.41% over the week and 5.02% over the month.
Weibo Corp ADR (WB) has around 5268 employees, a market worth around $1.66B and $1.76B in sales. Current P/E ratio is 7.41 and Fwd P/E is 5.89. Profit margin for the company is 21.30%. Distance from 52-week low is 51.78% and -13.95% from its 52-week high. The company has generated returns on investments over the last 12 months (6.89%).
The EPS is expected to shrink by -4.15% this year
The shares outstanding are 155.49M, and float is at 155.43M with Short Float at 11.22%.
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 3.7955 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 1.8999 and valued at over $34.6 million, while ALLSPRING GLOBAL INVESTMENTS HOLDINGS, LLC holds 1.7742 of the shares totaling 4.21 million with a market value of $32.31 million.
Weibo Corp ADR (WB): Who are the competitors?
One of the company’s main competitors (and peers) include Phoenix New Media Ltd. Cl A ADR (FENG) that is trading 16.67% up over the past 12 months.Meta Platforms Inc. (META) lies in the list of competitors of the Weibo Corp ADR and is 32.33% higher over the same period from WBBaidu Inc. ADR (BIDU) is -7.55% down on the 1-year trading charts.
