As of Wednesday close, Weibo Corporation’s (NASDAQ:WB) stock was down -$0.27, moving down -1.65 percent to $16.06. The average number of shares traded per day over the past five days has been 1,011,560 shares. 1 time new highs have been achieved over the past 5 days, with a -$1.31 fall in that time frame. In the last twenty days, the average volume was 755,935, while in the previous 50 days, it was 1,001,502.
Since last month, WB stock rose 0.56%. Shares of the company fell to $15.23 on 05/10/23, the lowest level in the past month. A 52-week high of $25.57 was reached on 02/02/23 after having rallying from a 52-week low of $10.02. Since the beginning of this year, WB’s stock price has dropped by -16.00% or -$3.06, and marked a new high 6 times. However, the stock has declined by -37.19% since its 52-week high.
Unlock the Hottest Top 10 Penny Stocks Today! Discover Now
Dive into the world of lucrative penny stocks with MarketClub's groundbreaking "Smart Scan" technology! Get an instant snapshot of the top 50 high volume stocks with a clear direction and outstanding liquidity - in other words, the strongest trending. To unlock this exclusive list, simply provide your first name, last name, and email for instant access.
Gain Access to Top 10 Penny Stocks Now!.
Right now, Weibo Corporation (WB) has a P/E ratio of about 43.88. The stock’s beta is 0.52. Besides these, the trailing price-to-sales (P/S) ratio of 2.25, the price-to-book (PB) ratio of 1.13.
In the three months ended December 30, Weibo Corporation’s quick ratio stood at 3.70, while its current ratio was 3.70, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending December 30 was 0.73, and the total debt-to-equity ratio was 0.73. On the profitability front, the trailing twelve-month gross margin is 78.20% percent. In the year ended December 30, EBITDA margin amounted to 29.58%, whereas operating margins totaled 22.30%. Based on annual data, WB earned $1.44 billion in gross profit and brought in $1.84 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 6.60%. Return on equity (ROE) for the past 12 months was 2.50%.
In Weibo Corporation’s quarter-end financial report for December 30, it reported total debt of $880.86 million against cash and short-term investments of $480.43 million. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. WB’s revenue fell -22.91% during the quarter, while net income inched up to $1.84 billion. While analysts expected Weibo Corporation to report $0.52 quarterly earnings, the actual figure was $0.75 per share, beating the consensus estimate by 44.20%. During the quarter, the company generated $160.47 million in EBITDA. The liabilities of Weibo Corporation were 3.78 billion at the end of its most recent quarter ended December 30, and its total debt was $2.49 billion.
This quick technical analysis looks at Weibo Corporation’s (WB) price momentum. With a historical volatility rate of 48.06%, the RSI 9-day stood at 40.55% on 24 May.
With respect to its five-day moving average, the current Weibo Corporation price is down by -7.54% percent or -$1.31. At present, WB shares trade -3.37% below its 20-day simple moving average and -16.31% percent below its 100-day simple moving average. However, the stock is currently trading approximately -3.25% below its SMA50 and -16.48% below its SMA200.
Stochastic coefficient K was 51.23% and Stochastic coefficient D was 60.01%, while ATR was 0.71. Given the Stochastic reading of 34.02% for the 14-day period, the RSI (14) reading has been calculated as 42.44%. As of today, the MACD Oscillator reading stands at -0.25, while the 14-day reading stands at 0.03.
Weibo Corporation (WB) has been rated Overweight by analysts. According to 0 brokerage firms, WB is a sell, and 8 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 2 analysts rate Weibo Corporation stock as buy, with 19 recommending it as overweight.
With a median target price of $24.00, the current consensus forecast for the stock is $19.00 – $33.00. Based on these forecasts, analysts predict Weibo Corporation (WB) will achieve an average price target of $24.24.