Weibo Corp ADR (NASDAQ:WB) price on Friday, January 17, rose 3.84% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $9.73.
A look at the stock’s price movement, the close in the last trading session was $9.37, moving within a range at $9.312 and $9.8999. The beta value (5-Year monthly) was 0.251 while the PE ratio in trailing twelve months stood at 6.75. Turning to its 52-week performance, $12.40 and $7.03 were the 52-week high and 52-week low respectively. Overall, WB moved -2.99% over the past month.
Weibo Corp ADR’s market cap currently stands at around $1.51 billion, with investors looking forward to this quarter’s earnings report slated for in February. The company has a Forward Dividend ratio of 0.00, with its dividend yield at 0.00%. As such, investors might be keen on an upside in the stock’s price ahead of the scheduled earnings report.
Analysts have a consensus estimate of 451.76M for the company’s revenue for the quarter, with a low and high estimate of 438.87M and 467.1M respectively. The average forecast suggests up to a 2.17% 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 1.75B, representing a -0.52% decline 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 WB 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.
7 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 2 analyst(s) rate the stock as a Hold, 4 recommend WB as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 1 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.
WB’s current price about 2.47% and 3.30% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 55.21, while 7-day volatility ratio is 3.04% and 3.36% in the 30-day chart. Further, Weibo Corp ADR (WB) has a beta value of 0.25, and an average true range (ATR) of 0.35. Analysts have given the company’s stock an average 52-week price target of $8.3, forecast between a low of $7.5 and high of $10.9. Looking at the price targets, the low is 22.92% off current price level while to achieve the yearly target high, price needs to move -12.02%. Nonetheless, investors will most likely welcome a 14.7% jump to $8.3 which is the analysts’ median price.
If we refocus on Weibo Corp ADR (NASDAQ:WB), historical trading data shows that trading volumes averaged 0.92 over the past 10 days and 1.34 million over the past 3 months. The company’s latest data on shares outstanding shows there are 155.49 million shares.
The 0.04% of Weibo Corp ADR’s shares are in the hands of company insiders while institutional holders own 41.27% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 19.18 million on 2024-10-31, giving us a short ratio of 7.29. The data shows that as of 2024-10-31 short interest in Weibo Corp ADR (WB) stood at 2276.0000999999997 of shares outstanding, with shares short falling to 19.32 million registered in 2024-09-30. Current price change has pushed the stock 1.88% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the WB stock continues to rise going into the next quarter.
