After finishing at $17.05 in the prior trading day, Weibo Corporation (NASDAQ: WB) closed at $16.33, down -4.22%. In other words, the price has decreased by -$0.72 from its previous closing price. On the day, 1027704 shares were traded. WB stock price reached its highest trading level at $16.97 during the session, while it also had its lowest trading level at $16.25.
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Our goal is to gain a better understanding of WB by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 3.70 and its Current Ratio is at 3.70. In the meantime, Its Debt-to-Equity ratio is 0.73 whereas as Long-Term Debt/Eq ratio is at 0.73.
Upgrades & Downgrades
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, WB now has a Market Capitalization of 4.25B and an Enterprise Value of 3.50B. As of this moment, Weibo’s Price-to-Earnings (P/E) ratio for their current fiscal year is 44.62, and their Forward P/E ratio for the next fiscal year is 6.58. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.29 while its Price-to-Book (P/B) ratio in mrq is 1.15. Its current Enterprise Value per Revenue stands at 1.91 whereas that against EBITDA is 20.93.
Stock Price History:
Over the past 52 weeks, WB has reached a high of $25.57, while it has fallen to a 52-week low of $10.02. The 50-Day Moving Average of the stock is 17.25, while the 200-Day Moving Average is calculated to be 17.77.
The stock has traded on average 1.04M shares per day over the past 3-months and 841.93k shares per day over the last 10 days, according to various share statistics. A total of 234.03M shares are outstanding, with a floating share count of 129.45M. 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 Apr 27, 2023 were 4.9M with a Short Ratio of 4.90M, compared to 4.9M on Mar 30, 2023.
Its stock is currently analyzed by 12 different market analysts. On average, analysts expect EPS of $0.43 for the current quarter, with a high estimate of $0.47 and a low estimate of $0.38, while EPS last year was $0.56. The consensus estimate for the next quarter is $0.53, with high estimates of $0.63 and low estimates of $0.47.
Analysts are recommending an EPS of between $2.46 and $1.91 for the fiscal current year, implying an average EPS of $2.2. EPS for the following year is $2.48, with 21 analysts recommending between $3.05 and $2.12.
12 analysts predict $414.35M in revenue for the current quarter. It ranges from a high estimate of $425M to a low estimate of $401.11M. As of the current estimate, Weibo Corporation’s year-ago sales were $484.62M, an estimated decrease of -14.50% from the year-ago figure. For the next quarter, 10 analysts are estimating revenue of $473.2M, an increase of 5.10% over than the figure of -$14.50% in the same quarter last year. There is a high estimate of $506.4M for the next quarter, whereas the lowest estimate is $453M.
A total of 24 analysts have provided revenue estimates for WB’s current fiscal year. The highest revenue estimate was $2.04B, while the lowest revenue estimate was $1.85B, resulting in an average revenue estimate of $1.95B. In the same quarter a year ago, actual revenue was $1.84B, up 6.00% from the average estimate. Based on 22 analysts’ estimates, the company’s revenue will be $2.12B in the next fiscal year. The high estimate is $2.49B and the low estimate is $2B. The average revenue growth estimate for next year is up 8.80% from the average revenue estimate for this year.