The closing price of Weibo Corp ADR (NASDAQ: WB) was $9.43 for the day, up 1.29% from the previous closing price of $9.31. In other words, the price has increased by $+0.12 from its previous closing price. On the day, 2208148 shares were traded.
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 0.78 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 2.25B and an Enterprise Value of 1.91B. As of this moment, Weibo’s Price-to-Earnings (P/E) ratio for their current fiscal year is 6.59, and their Forward P/E ratio for the next fiscal year is 4.67. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.88. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.78 while its Price-to-Book (P/B) ratio in mrq is 0.68. Its current Enterprise Value per Revenue stands at 1.10 whereas that against EBITDA is 8.56.
Stock Price History:
The Beta on a monthly basis for WB is 0.44, which has changed by -49.87% over the last 52 weeks, in comparison to a change of 32.31% over the same period for the S&P500. 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 8.95, while the 200-Day Moving Average is calculated to be 11.61.
Shares Statistics:
WB traded an average of 2.25M shares per day over the past three months and 2.44M 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 52.59% stake in the company. Shares short for WB as of Feb 29, 2024 were 10.69M with a Short Ratio of 4.83, compared to 10.51M on Jan 31, 2024.
Earnings Estimates
The firm’s stock currently is rated by 6 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 $2.3 and $1.63 for the fiscal current year, implying an average EPS of $1.91. EPS for the following year is $2.1, with 17 analysts recommending between $2.46 and $1.81.
Revenue Estimates
It is expected that $90B in revenue will be generated in the current quarter, according to 7 analysts. 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 20 analysts have provided revenue estimates for WB’s current fiscal year. The highest revenue estimate was $1.89B, while the lowest revenue estimate was $1.73B, resulting in an average revenue estimate of $1.8B. In the same quarter a year ago, actual revenue was $1.76B, up 2.10% from the average estimate. Based on 18 analysts’ estimates, the company’s revenue will be $1.88B in the next fiscal year. The high estimate is $1.98B 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.
