The stock of Weibo Corporation (NASDAQ:WB) decreased by decreased by -$0.43 on Friday to finish at $50.29, down -0.85 percent. The last five days have seen an average of 842,520 shares of common stock traded. 12 times new highs were reached in the current year, with a gain of $9.30. The average number of shares traded over the last 20 days was 708,770, while the average volume over the last 50 days totaled 1,013,270.
WB stock appreciated 3.18% since last month. On 10/06/21, the company’s shares reached a one-month low of $44.62. The stock touched a high of $64.70 on 07/07/21, after rallying from a low of $37.30 in 52 weeks. The price of WB stock has risen by 22.69% or $9.30 this year, reaching a new high 12 times. Still, the stock price is down -22.27% from the 52-week high.
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Weibo Corporation (WB) has a trailing price-to-earnings (P/E) ratio of 59.44. This level actually compares unfavorably with the industry at large, as the PE for the Internet Content & Information industry stands at about 33.17. Further, its PE also compares unfavorably with the Communication Services sector’s trailing 12 months PE ratio, which comes in at 30.57 right now. The PE ratio of Weibo Corporation has varied between 136.29 and 13.52 in the last five years. Beta for the stock is 1.10. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 5.74, the price-to-book (PB) ratio of 3.81.
For the three months ended June 29, Weibo Corporation’s quick ratio was 4.30, while its current ratio was 4.30, indicating its ability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 29 is 0.81, and the total debt to equity ratio is 0.81. As far as profitability goes, gross margin for the trailing twelve months is 83.30% percent. Weibo Corporation’s EBITDA margin for the year ended June 29 was 32.12%, whereas its operating margin stood at 9.10% for the same period. Based on annual data, it had gross profit of $1.39 billion and revenue of $1.69 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. WB’s return on assets (ROA) during the last 12 months has been 3.00%. There was a 4.50% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 6.80%. ROE has averaged 7.41 in the past year for the broader industry.
According to Weibo Corporation’s quarterly financial report for the quarter that ended June 29, it had $1.54 billion in total debt versus $1.68 billion in cash and short-term investments. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $1.69 billion, while revenues fell by -4.56% to $0.0. It was predicted that Weibo Corporation’s quarterly earnings would be $0.79, but it ended up being $0.63, beating the consensus by 25.40%. EBITDA was $193.24 million for the quarter. At the end of Weibo Corporation’s most recent quarter ended June 29, its liabilities totaled 3.66 billion, while its total debt was $2.43 billion.
Here’s a quick look at Weibo Corporation’s (WB) price momentum from a technical perspective. As of 22 October, the RSI 9-day stood at 60.41%, suggesting the stock is Neutral, with a 36.57% historical volatility rate.
The stochastic %K and %D were 90.48% and 92.55% respectively, while the average true range (ATR) was 1.56. Based on the 14-day stochastic reading of 76.31%, the RSI (14) reading is 55.23%. On the 9-day MACD Oscillator, the stock is at 1.22, and the 14-day reading is at 2.09.
In its most recent analyst report, Credit Suisse raised its rating on Weibo Corporation (NASDAQ: WB) to an Outperform. Prior to this, analysts firm rated the stock as a Neutral. Analysts have assigned Weibo Corporation (WB) an Overweight rating. WB is a stock that is recommended for selling by 0 brokerage firms, while 9 companies recommend holding. The stock is underweighted by 1 analyst. Among the analysts who rate the stock, 0 rates it overweight and 11 others recommend it as a buy.
What is WB’s price target for the next 12 months?
The current consensus forecast for the stock is between $46.00 and $73.00, with a median target price of $62.00. In analyzing these forecasts, the average price target given by analysts for Weibo Corporation (WB) is $59.68.