The trading price of 500.com Limited (NYSE:WBAI) closed lower on Monday, Feb 22, closing at $26.09, -6.82% lower than its previous close.
Traders who pay close attention to intraday price movement should know that it fluctuated between $23.70 and $28.70. The company’s P/E ratio in the trailing 12-month period was 0, while its 5Y monthly beta was 2.08. In examining the 52-week price action we see that the stock hit a 52-week high of $35 and a 52-week low of $2.51. Over the past month, the stock has gained 89.18% in value.
On the technical side, indicators suggest WBAI 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 WBAI 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 500.com Limited (WBAI) 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 500.com Limited stock has been performing in comparison to its peers in the industry, here are the numbers: WBAI stock’s performance was -6.82% in the latest trading, and +275.15% in the past year, while Las Vegas Sands (LVS) has traded +2.59% on the day and positioned -5.88% lower than it was a year ago. Another comparable company Draftkings Inc (DKNG) saw its stock close -0.89% lower in the most recent trading session but was up +256.17% in a year. Furthermore, Penn Natl Gaming Inc (PENN) showed a decline of -6.82% on the day while its price kept rising at 275.15% over the past year. 500.com Limited has a P/E ratio of 0, compared to Las Vegas Sands 0 and Draftkings Inc’s 0. Also in last trading session, the S&P 500 Index has soared -0.77%, while the Dow Jones Industrial also saw a positive session, up +0.09% on the day.
An evaluation of the daily trading volume of 500.com Limited (NYSE:WBAI) indicates that the 3-month average is 1.68 Million. However, this figure has increased over the past 10 days to an average of 2.22 Million.
Currently, records show that 43.01 Million of the company’s shares remain outstanding. According to Thomson Reuters data, insiders hold 21.56% of outstanding shares, whereas institutions hold 9.01%. The stats also highlight that short interest as of January 28, 2021, stood at 2.23 Million shares, resulting in a short ratio of 1.74 at that time. From this, we can conclude that short interest is 5.19% 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 2.41 Million. However, since the stock’s price has seen +170.11% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.
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