Bilibili Inc. (NASDAQ:BILI) saw a downside of -2.48% to close Tuesday at $17.28 after subtracting -$0.44 on the day. The 5-day average trading volume is 7,492,480 shares of the company’s common stock. It has gained $18.90 in the past week and touched a new high 2 times within the past 5 days. An average of 8,050,240 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 6,955,172.
BILI’s 1-month performance is 16.05% or $2.38 on its low of $14.58 reached on 07/10/23. The company’s shares have touched a 52-week low of $8.23 and high of $29.46, with the stock’s rally to the 52-week high happening on 01/05/23. YTD, BILI has lost -27.06% or -$6.41 and has reached a new high 3 times. However, the current price is down -41.34% from the 52-week high price.
Valuation Metrics
BILI stock has a beta of 1.09. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 2.35 while the price-to-book (PB) in the most recent quarter is 2.89.
Bilibili Inc.’s quick ratio for the period ended March 30 was 1.40, with the current ratio over the same period at 1.40. As well, the company’s long term debt to equity for the quarter ending March 30 was 0.34, while the total debt to equity was 0.73.. In terms of profitability, the gross margin trailing 12 months is 18.90%. The firm’s gross profit as reported stood at $558.1 million against revenue of $3.18 billion.
Earnings Surprise
For the quarterly period ending March 30 this year, Bilibili Inc.’s cash and short-term investments amounted to $670.34 million against total debt of $12.81 billion. Net income and sales went down compared to those figures reported in the previous quarter. Net income grew 1.99% to -$1.09 billion, while revenue of $0.0 was 100.0% off the previous quarter. Analysts expected BILI to announce -$0.41 per share in earnings in its latest quarter, but it posted -$0.35, representing a 14.60% surprise. EBITDA for the quarter stood at more than -$200.98 million. BILI stock balance sheet for the quarter ending March 30 shows that total liabilities totaled 3.42 billion, with total debt at $12.81 billion.
Let’s look briefly at Bilibili Inc. (BILI) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 08 August was 50.26% to suggest the stock is trending Neutral, with historical volatility in this time period at 108.19%.
The stock’s 5-day moving average is $17.70, reflecting a -2.98% or -$0.53 change from its current price. BILI is currently trading +11.48% above its 20-day SMA, -18.07% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +4.41% and SMA200 by+56.66%.
Stochastic %K and %D was 63.43% and 67.84% and the average true range (ATR) pointed at 1.19. The RSI (14) points at 51.51%, while the 14-day stochastic is at 51.93% with the period’s ATR at 1.13. The stock’s 9-day MACD Oscillator is pointing at -0.08 and 0.40 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Bilibili Inc. (NASDAQ: BILI), JP Morgan downgraded it to an Underweight rating. They previously had an Overweight rating on the stock. Analysts offering their rating for BILI stock have a consensus rating for the stock as Overweight. Currently, 3 brokerage advisors rate BILI as a “sell,”, while 8 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 3 rates the stock as overweight while 30 have offered a “buy” rating.
What is BILI’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $89.14 and a high of $249.12, with their median price target at $163.77. Looking at these predictions, the average price target given by analysts is for Bilibili Inc. (BILI) stock is $157.68.
