Bilibili Inc ADR (NASDAQ:BILI) price on current trading day, rose 10.96% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $29.66.
A look at the stock’s price movement, the close in the last trading session was $26.73, moving within a range at $28.43 and $31.77. The beta value (5-Year monthly) was 0.825. Turning to its 52-week performance, $26.90 and $8.80 were the 52-week high and 52-week low respectively. Overall, BILI moved 103.01% over the past month.
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Bilibili Inc ADR’s market cap currently stands at around $9.54 billion, with investors looking forward to this quarter’s earnings report slated for in November.
Analysts have a consensus estimate of 1.01B for the company’s revenue for the quarter, with a low and high estimate of 955.86M and 1.05B respectively. The average forecast suggests up to a 24.30% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 3.79B, representing a 19.70% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that BILI is a 100% Buy. On the other hand, the stock is on average a 100% Buy as suggested by medium term indicators while long term indicators are putting the stock in 100% Buy category.
11 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 5 analyst(s) rate the stock as a Hold, 6 recommend BILI as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
BILI’s current price about 72.03% and 90.54% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 89.58, while 7-day volatility ratio is 10.40% and 5.13% in the 30-day chart. Further, Bilibili Inc ADR (BILI) has a beta value of 0.83, and an average true range (ATR) of 1.62. Analysts have given the company’s stock an average 52-week price target of $18, forecast between a low of $14 and high of $139. Looking at the price targets, the low is 52.8% off current price level while to achieve the yearly target high, price needs to move -368.64%. Nonetheless, investors will most likely welcome a 39.31% jump to $18 which is the analysts’ median price.
If we refocus on Bilibili Inc ADR (NASDAQ:BILI), historical trading data shows that trading volumes averaged 15.12 over the past 10 days and 6.25 million over the past 3 months. The company’s latest data on shares outstanding shows there are 328.44 million shares.
The 0.00% of Bilibili Inc ADR’s shares are in the hands of company insiders while institutional holders own 22.76% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 18.23 million on 2024-09-13, giving us a short ratio of 3.34. The data shows that as of 2024-09-13 short interest in Bilibili Inc ADR (BILI) stood at 727.0 of shares outstanding, with shares short falling to 20.05 million registered in 2024-08-15. Current price change has pushed the stock 143.71% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the BILI stock continues to rise going into the next quarter.
