Weibo Corp ADR (NASDAQ:WB) shares, rose in value, with the stock price up by 5.85% to the previous day’s close as strong demand from buyers drove the stock to $10.67.
Actively observing the price movement in the last trading, the stock closed the session at $10.08. The PE ratio was 7.41 over 12-month period. Referring to stock’s 52-week performance, its high was $12.40, and the low was $7.03. On the whole, WB has fluctuated by 6.06% over the past month.
With the market capitalization of Weibo Corp ADR currently standing at about $1.66 billion, investors are eagerly awaiting this quarter’s results, scheduled for in April.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 1.75B, with a low estimate of 438.87M and a high estimate of 467.1M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 451.76M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that WB’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium-term indicators have put the stock in the category of 100% Buy while long-term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the price of WB currently trading nearly 0.45% and 6.53% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 53.82, while the 7-day volatility ratio is showing 4.41% which for the 30-day chart, stands at 5.02%. Furthermore, Weibo Corp ADR (WB)’s beta value is 0.09, and its average true range (ATR) is 0.56.
A comparison of Weibo Corp ADR (WB) with its peers suggests the former has fared considerably weaker in the market. WB showed an intraday change of 5.85% in last session, and over the past year, it grew by 28.53%%. On the other hand, the price of Meta Platforms Inc. (META) has risen 2.57%% on the day. The stock, however, is off 32.33% from where it was a year ago. Additionally, there is a gain of 5.43%% for Baidu Inc. ADR (BIDU) in last trading while the stock has seen an overall depriciation of -7.55%% over the past year.
Data on historical trading for Weibo Corp ADR (NASDAQ:WB) indicates that the trading volumes over the past 3 months, they’ve averaged 1.37 million. According to company’s latest data on outstanding shares, there are 155.49 million shares outstanding.
Nearly 0.04% of Weibo Corp ADR’s shares belong to company insiders and institutional investors own 43.71% of the company’s shares. The stock has risen by 11.73% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the WB stock heading into the next quarter.
