The trading price of Weidai Ltd. (NYSE:WEI) closed higher on Friday, Feb 19, closing at $2.12, 0.94% higher than its previous close.
Traders who pay close attention to intraday price movement should know that it fluctuated between $2.1200 and $2.3099. The company’s P/E ratio in the trailing 12-month period was 0, while its 5Y monthly beta was 0. In examining the 52-week price action we see that the stock hit a 52-week high of $5.49 and a 52-week low of $0.73. Over the past month, the stock has gained 42.67% in value.
On the technical side, indicators suggest WEI has a 100% Buy on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 100% Buy, while an average of long term indicators suggests that the stock is currently 100% Buy.
Here is the average analyst rating on the stock as represented by 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock should be considered as either strong buy or strong sell respectively. The number of analysts that have assigned WEI a recommendation rating is 1. Out of them, no one rate it a Hold, while none recommend Buy, whereas none assign an Outperform rating. None analyst(s) have tagged Weidai Ltd. (WEI) as Underperform, while 1 advise Sell. Analysts have rated the stock Sell, likely urging investors to take advantage of the opportunity to add to their holdings of the company’s shares.
To see how Weidai Ltd. stock has been performing in comparison to its peers in the industry, here are the numbers: WEI stock’s performance was +0.94% in the latest trading, and -14.03% in the past year, while Capital One Financial Corp (COF) has traded +2.17% on the day and positioned +15.47% higher than it was a year ago. Another comparable company Discover Financial Services (DFS) saw its stock close 4.05% higher in the most recent trading session but was up +23.92% in a year. Furthermore, Ally Financial (ALLY) showed an increase of 0.94% on the day while its price kept declining at -14.03% over the past year. Weidai Ltd. has a P/E ratio of 0, compared to Capital One Financial Corp’s 23.14 and Discover Financial Services’s 26.2. Also in last trading session, the S&P 500 Index has soared -0.19%, while the Dow Jones Industrial also saw a negative seesion, down 0% on the day.
An evaluation of the daily trading volume of Weidai Ltd. (NYSE:WEI) indicates that the 3-month average is 2.23 Million. However, this figure has declined over the past 10 days to an average of 1.47 Million.
Currently, records show that 70.46 Million of the company’s shares remain outstanding. According to Thomson Reuters data, insiders hold 0% of outstanding shares, whereas institutions hold 0.13%. The stats also highlight that short interest as of January 28, 2021, stood at 10.87 Million shares, resulting in a short ratio of 0.01 at that time. From this, we can conclude that short interest is 0.02% of the company’s total outstanding shares. It is noteworthy that short shares in January were down slightly from the previous month’s figure, which was 25.56 Million. However, since the stock’s price has seen +60.9% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.
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