Weibo Corp ADR (NASDAQ: WB) is -1.68% 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 $10.01 in the last trading session, with the day’s loss setting it -0.62%.
Currently trading at $9.39, the stock is -9.67% and -9.24% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.14 million and changing -6.19% at the moment leaves the stock 3.08% off its SMA200. WB registered 13.23% gain for a year compared to 6-month gain of 12.05%. The firm has a 50-day simple moving average (SMA 50) of $10.3456 and a 200-day simple moving average (SMA200) of $9.1098.
The stock witnessed a -10.83% loss in the last 1 month and extending the period to 3 months gives it a -5.25%, and is -7.21% 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 4.29% over the week and 4.07% over the month.
Weibo Corp ADR (WB) has around 5268 employees, a market worth around $1.46B and $1.75B in sales. Current P/E ratio is 8.25 and Fwd P/E is 5.10. Profit margin for the company is 17.14%. Distance from 52-week low is 33.57% and -24.27% from its 52-week high. The company has generated returns on investments over the last 12 months (5.63%).
with sales reaching $394.21M over the same period.The EPS is expected to shrink by -2.58% this year, but quarterly earnings will post 0.89% year-over-year. Quarterly sales are estimated to shrink -0.33% in year-over-year returns.
Weibo Corp ADR (WB) Top Institutional Holders
213.0 institutions hold shares in Weibo Corp ADR (WB), with institutional investors hold 41.41% of the company’s shares. The shares outstanding are 155.49M, and float is at 155.43M with Short Float at 11.88%. Institutions hold 38.87% of the Float.
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) Insider Activity
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