Are Weibo Corporation (NASDAQ:WB) shares too expensive at this price?

In the latest session, Weibo Corporation (NASDAQ: WB) closed at $22.02 up 3.87% from its previous closing price of $21.20. In other words, the price has increased by $+0.82 from its previous closing price. On the day, 1325642 shares were traded. WB stock price reached its highest trading level at $22.37 during the session, while it also had its lowest trading level at $21.50.

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Ratios:

For a deeper understanding of Weibo Corporation’s stock, let’s take a closer look at its various ratios. For the most recent quarter (mrq), Quick Ratio is recorded 2.30 and its Current Ratio is at 2.30. In the meantime, Its Debt-to-Equity ratio is 0.76 whereas as Long-Term Debt/Eq ratio is at 0.48.

Upgrades & Downgrades

UBS Downgraded its Buy to Neutral on March 11, 2022, whereas the target price for the stock was revised from $64 to $27.80.

Valuation Measures:

As of this moment, Weibo’s Price-to-Earnings (P/E) ratio for their current fiscal year is 84.69, and their Forward P/E ratio for the next fiscal year is 9.96. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.42 while its Price-to-Book (P/B) ratio in mrq is 1.62.

Stock Price History:

Over the past 52 weeks, WB has reached a high of $36.44, while it has fallen to a 52-week low of $10.02. The 50-Day Moving Average of the stock is 17.27, while the 200-Day Moving Average is calculated to be 18.94.

Shares Statistics:

For the past three months, WB has traded an average of 1.63M shares per day and 2.07M over the past ten days. A total of 235.89M shares are outstanding, with a floating share count of 139.47M. Insiders hold about 6.06% of the company’s shares, while institutions hold 39.50% stake in the company. Shares short for WB as of Oct 13, 2022 were 8.73M with a Short Ratio of 8.22M, compared to 7.91M on Sep 14, 2022.

Earnings Estimates

There are 15 different market analysts currently analyzing its stock. On average, analysts expect EPS of $0.51 for the current quarter, with a high estimate of $0.57 and a low estimate of $0.47, while EPS last year was $0.9. The consensus estimate for the next quarter is $0.59, with high estimates of $0.65 and low estimates of $0.52.

Analysts are recommending an EPS of between $2.51 and $1.97 for the fiscal current year, implying an average EPS of $2.17. EPS for the following year is $2.46, with 22 analysts recommending between $2.97 and $2.06.

Revenue Estimates

A total of 14 analysts believe the company’s revenue will be $471.34M this quarter.It ranges from a high estimate of $529.91M to a low estimate of $454M. As of the current estimate, Weibo Corporation’s year-ago sales were $607.43M, an estimated decrease of -22.40% from the year-ago figure. For the next quarter, 14 analysts are estimating revenue of $518.04M, a decrease of -15.90% over than the figure of -$22.40% in the same quarter last year. There is a high estimate of $576.72M for the next quarter, whereas the lowest estimate is $476.8M.

A total of 23 analysts have provided revenue estimates for WB’s current fiscal year. The highest revenue estimate was $2.04B, while the lowest revenue estimate was $1.84B, resulting in an average revenue estimate of $1.93B. In the same quarter a year ago, actual revenue was $2.26B, down -14.60% from the average estimate. Based on 23 analysts’ estimates, the company’s revenue will be $2.1B in the next fiscal year. The high estimate is $2.34B and the low estimate is $1.78B. The average revenue growth estimate for next year is up 9.10% from the average revenue estimate for this year.