Weibo Corp ADR (NASDAQ: WB) is -8.06% 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 $8.42 in the last trading session, with the day’s gains setting it 0.36%.
Currently trading at $8.78, the stock is 4.13% and -0.55% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.91 million and changing 4.28% at the moment leaves the stock -4.20% off its SMA200. WB registered -9.11% loss for a year compared to 6-month loss of 5.15%. The firm has a 50-day simple moving average (SMA 50) of $8.8288 and a 200-day simple moving average (SMA200) of $9.1651.
The stock witnessed a 12.28% gain in the last 1 month and extending the period to 3 months gives it a -20.54%, and is 0.69% 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 2.57% over the week and 2.60% over the month.
Weibo Corp ADR (WB) has around 4982 employees, a market worth around $1.37B and $1.75B in sales. Current P/E ratio is 7.71 and Fwd P/E is 4.81. Profit margin for the company is 17.14%. Distance from 52-week low is 24.89% and -29.19% from its 52-week high. The company has generated returns on investments over the last 12 months (5.60%).
The EPS is expected to shrink by -2.80% this year
206.0 institutions hold shares in Weibo Corp ADR (WB), with institutional investors hold 36.89% of the company’s shares. The shares outstanding are 156.45M, and float is at 156.38M with Short Float at 9.77%. Institutions hold 34.65% 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.
