Market Insight: Weibo Corp ADR (WB)’s Notable Drop, Closing at 8.08

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In the latest session, Weibo Corp ADR (NASDAQ: WB) closed at $8.08 down -3.92% from its previous closing price of $8.41. In other words, the price has decreased by -$3.92 from its previous closing price. On the day, 1.76 million shares were traded. WB stock price reached its highest trading level at $8.34 during the session, while it also had its lowest trading level at $8.07.

Ratios:

For a deeper understanding of Weibo Corp ADR’s stock, let’s take a closer look at its various ratios. For the most recent quarter (mrq), Quick Ratio is recorded 2.24 and its Current Ratio is at 2.24. In the meantime, Its Debt-to-Equity ratio is 0.83 whereas as Long-Term Debt/Eq ratio is at 0.58.

Upgrades & Downgrades

In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Morgan Stanley on May 17, 2024, Downgraded its rating to Underweight and sets its target price to $10 from $11 previously.

UBS Upgraded its Neutral to Buy on March 19, 2024, while the target price for the stock was maintained at $11.50.

Valuation Measures:

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 1988698112 and an Enterprise Value of 1400540544. As of this moment, Weibo’s Price-to-Earnings (P/E) ratio for their current fiscal year is 6.77, and their Forward P/E ratio for the next fiscal year is 4.28. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.02. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.72 while its Price-to-Book (P/B) ratio in mrq is 0.61. Its current Enterprise Value per Revenue stands at 0.804 whereas that against EBITDA is 2.615.

Stock Price History:

The Beta on a monthly basis for WB is 0.22, which has changed by -0.44121712 over the last 52 weeks, in comparison to a change of 0.23232913 over the same period for the S&P500. Over the past 52 weeks, WB has reached a high of $14.55, while it has fallen to a 52-week low of $7.12. The 50-Day Moving Average of the stock is -7.45%, while the 200-Day Moving Average is calculated to be -14.59%.

Shares Statistics:

For the past three months, WB has traded an average of 2.35M shares per day and 2392170 over the past ten days. A total of 155.49M shares are outstanding, with a floating share count of 155.43M. Insiders hold about 0.04% of the company’s shares, while institutions hold 45.70% stake in the company. Shares short for WB as of 1715731200 were 11992783 with a Short Ratio of 6.00, compared to 1713139200 on 10738420.

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