Webtoon Entertainment Inc (NASDAQ:WBTN) price on Friday, December 27, rose 0.30% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $13.56.
A look at the stock’s price movement, the close in the last trading session was $13.52, moving within a range at $13.11 and $13.59. Turning to its 52-week performance, $25.66 and $10.05 were the 52-week high and 52-week low respectively. Overall, WBTN moved 15.80% over the past month.
Webtoon Entertainment Inc’s market cap currently stands at around $1.74 billion, with investors looking forward to this quarter’s earnings report slated for in January.
Analysts have a consensus estimate of 366.89M for the company’s revenue for the quarter, with a low and high estimate of 354.1M and 377.07M respectively.
4 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 1 analyst(s) rate the stock as a Hold, 3 recommend WBTN 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.
WBTN’s current price about 4.54% and 13.47% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 62.21, while 7-day volatility ratio is 5.89% and 6.06% in the 30-day chart. Further, Webtoon Entertainment Inc (WBTN) has a beta value of 0, and an average true range (ATR) of 0.73. Analysts have given the company’s stock an average 52-week price target of $30, forecast between a low of $23 and high of $62. Looking at the price targets, the low is -69.62% off current price level while to achieve the yearly target high, price needs to move -357.23%. Nonetheless, investors will most likely welcome a -121.24% jump to $30 which is the analysts’ median price.
If we refocus on Webtoon Entertainment Inc (NASDAQ:WBTN), historical trading data shows that trading volumes averaged 0.35 over the past 10 days and 342.03K over the past 3 months. The company’s latest data on shares outstanding shows there are 128.31 million shares.
The 88.35% of Webtoon Entertainment Inc’s shares are in the hands of company insiders while institutional holders own 16.87% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 2.23 million on 2024-11-29, giving us a short ratio of 5.33. Current price change has pushed the stock -41.04% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the WBTN stock continues to rise going into the next quarter.
