Weibo Corp ADR (NASDAQ: WB) is -20.42% 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 $7.34 in the last trading session, with the day’s gains setting it 0.26%.
Currently trading at $7.60, the stock is -18.73% and -24.71% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.33 million and changing 3.54% at the moment leaves the stock -16.70% off its SMA200. WB registered -6.40% loss for a year compared to 6-month gain of -24.08%. The firm has a 50-day simple moving average (SMA 50) of $10.0942 and a 200-day simple moving average (SMA200) of $9.12335.
The stock witnessed a -27.06% loss in the last 1 month and extending the period to 3 months gives it a -14.41%, and is -11.63% 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 8.70% over the week and 4.94% over the month.
Current P/E ratio is 6.68 and Fwd P/E is 4.13. Profit margin for the company is 17.14%. Distance from 52-week low is 8.11% and -38.71% from its 52-week high. The company has generated returns on investments over the last 12 months (5.63%).
The EPS is expected to shrink by -2.58% this year.
Weibo Corp ADR (WB) Top Institutional Holders
212.0 institutions hold shares in Weibo Corp ADR (WB), with institutional investors hold 41.46% of the company’s shares. The shares outstanding are 155.49M, and float is at 155.43M with Short Float at 11.49%. Institutions hold 38.92% 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 2.01 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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