The closing price of Weibo Corp ADR (NASDAQ: WB) was $9.70 for the day, up 0.21% from the previous closing price of $9.68. In other words, the price has increased by $+0.02 from its previous closing price. On the day, 2293132 shares were traded. WB stock price reached its highest trading level at $9.96 during the session, while it also had its lowest trading level at $9.65.
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Ratios:
Our analysis of WB’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 2.38 and its Current Ratio is at 2.38. In the meantime, Its Debt-to-Equity ratio is 0.76 whereas as Long-Term Debt/Eq ratio is at 0.51.
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, BofA Securities on January 11, 2024, Downgraded its rating to Underperform and sets its target price to $10 from $19.50 previously.
UBS Downgraded its Buy to Neutral on June 13, 2023, whereas the target price for the stock was revised from $33 to $15.50.
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 2.38B and an Enterprise Value of 2.04B. As of this moment, Weibo’s Price-to-Earnings (P/E) ratio for their current fiscal year is 5.76, and their Forward P/E ratio for the next fiscal year is 4.49. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.51. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.81 while its Price-to-Book (P/B) ratio in mrq is 0.70. Its current Enterprise Value per Revenue stands at 1.17 whereas that against EBITDA is 9.13.
Stock Price History:
Over the past 52 weeks, WB has reached a high of $20.29, while it has fallen to a 52-week low of $7.84. The 50-Day Moving Average of the stock is 9.03, while the 200-Day Moving Average is calculated to be 11.74.
Shares Statistics:
WB traded an average of 2.20M shares per day over the past three months and 2.94M shares per day over the past ten days. A total of 145.37M shares are outstanding, with a floating share count of 145.31M. Insiders hold about 0.04% of the company’s shares, while institutions hold 52.58% stake in the company. Shares short for WB as of Feb 29, 2024 were 10.69M with a Short Ratio of 4.94, compared to 10.51M on Jan 31, 2024.
Earnings Estimates
The firm’s stock currently is rated by 9 analysts. On average, analysts expect EPS of $0.49 for the current quarter, with a high estimate of $0.57 and a low estimate of $0.44, while EPS last year was $0.75. The consensus estimate for the next quarter is $0.42, with high estimates of $0.44 and low estimates of $0.39.
Analysts are recommending an EPS of between $2.17 and $1.94 for the fiscal current year, implying an average EPS of $2.07. EPS for the following year is $2.16, with 17 analysts recommending between $2.36 and $1.88.
Revenue Estimates
It is expected that $90B in revenue will be generated in the current quarter, according to 10 analysts. It ranges from a high estimate of $462.3M to a low estimate of $447M. As of the current estimate, Weibo Corp ADR’s year-ago sales were $448M, an estimated increase of 1.60% from the year-ago figure. For the next quarter, 2 analysts are estimating revenue of $413.36M, a decrease of -0.10% less than the figure of $1.60% in the same quarter last year. There is a high estimate of $414.41M for the next quarter, whereas the lowest estimate is $412.31M.
A total of 19 analysts have provided revenue estimates for WB’s current fiscal year. The highest revenue estimate was $1.81B, while the lowest revenue estimate was $1.74B, resulting in an average revenue estimate of $1.76B. In the same quarter a year ago, actual revenue was $1.84B, down -4.40% from the average estimate. Based on 19 analysts’ estimates, the company’s revenue will be $1.85B in the next fiscal year. The high estimate is $1.93B and the low estimate is $1.76B. The average revenue growth estimate for next year is up 5.10% from the average revenue estimate for this year.
