After finishing at $9.08 in the prior trading day, Weibo Corp ADR (NASDAQ: WB) closed at $8.61, down -5.18%. In other words, the price has decreased by -$0.47 from its previous closing price. On the day, 3748930 shares were traded.
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Ratios:
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 2.38 and its Current Ratio is at 2.38. In the meantime, Its Debt-to-Equity ratio is 0.78 whereas as Long-Term Debt/Eq ratio is at 0.55.
On January 11, 2024, BofA Securities Downgraded its rating to Underperform which previously was Buy and also lowered its target price recommendation from $19.50 to $10.
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 2.17B and an Enterprise Value of 1.84B. As of this moment, Weibo’s Price-to-Earnings (P/E) ratio for their current fiscal year is 6.02, and their Forward P/E ratio for the next fiscal year is 4.27. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.63. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.71 while its Price-to-Book (P/B) ratio in mrq is 0.62. Its current Enterprise Value per Revenue stands at 1.05 whereas that against EBITDA is 8.22.
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 8.92, while the 200-Day Moving Average is calculated to be 11.56.
Shares Statistics:
The stock has traded on average 2.21M shares per day over the past 3-months and 2.66M shares per day over the last 10 days, according to various share statistics. 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 52.59% stake in the company. Shares short for WB as of Feb 29, 2024 were 10.69M with a Short Ratio of 4.91, compared to 10.51M on Jan 31, 2024.
Earnings Estimates
Its stock is currently analyzed by 6 different market analysts. On average, analysts expect EPS of $0.37 for the current quarter, with a high estimate of $0.42 and a low estimate of $0.32, while EPS last year was $0.47. The consensus estimate for the next quarter is $0.46, with high estimates of $0.53 and low estimates of $0.4.
Analysts are recommending an EPS of between $1.97 and $1.63 for the fiscal current year, implying an average EPS of $1.8. EPS for the following year is $1.99, with 13 analysts recommending between $2.19 and $1.81.
Revenue Estimates
7 analysts predict $392.97M in revenue for the current quarter. It ranges from a high estimate of $414.41M to a low estimate of $382M. As of the current estimate, Weibo Corp ADR’s year-ago sales were $413.78M, an estimated decrease of -5.00% from the year-ago figure. For the next quarter, 6 analysts are estimating revenue of $447.19M, an increase of 1.60% over than the figure of -$5.00% in the same quarter last year. There is a high estimate of $461.61M for the next quarter, whereas the lowest estimate is $423M.
A total of 15 analysts have provided revenue estimates for WB’s current fiscal year. The highest revenue estimate was $1.83B, while the lowest revenue estimate was $1.73B, resulting in an average revenue estimate of $1.78B. In the same quarter a year ago, actual revenue was $1.76B, up 1.30% from the average estimate. Based on 13 analysts’ estimates, the company’s revenue will be $1.87B in the next fiscal year. The high estimate is $1.93B and the low estimate is $1.8B. The average revenue growth estimate for next year is up 4.70% from the average revenue estimate for this year.
