Weibo Corporation (NASDAQ:WB) finished Friday with a subtraction of -$0.5 to close at $13.69, a downside of -3.52 percent. An average of 867,780 shares of common stock have been traded in the last five days. There was a fall of -$0.74 in the past week, and it reached a new high 6 times over the past 12 months. The last 20 days have seen an average of 1,139,400 shares traded, while the 50-day average volume stands at 1,154,266.
WB stock has decreased by -5.33% in the last month. The company shares reached their 1-month lowest point of $13.31 on 08/08/23. With the stock rallying to its 52-week high on 02/02/23, shares of the company touched a low of $9.42 and a high of $24.04 in 52 weeks. It has reached a new high 6 times so far this year and lost -23.84% or -$5.43 in price. In spite of this, the price is down -43.05% from the 52-week high.
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Valuation Metrics
Weibo Corporation (WB) has a trailing price-to-earnings (P/E) ratio of 12.71. The stock’s beta is 0.58. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.90, the price-to-book (PB) ratio at 0.94.
Financial Health
The quick ratio of Weibo Corporation for the three months ended March 30 was 4.10, and the current ratio was 4.10, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.71 and a total debt to equity ratio of 0.00 for the quarter ending March 30. Weibo Corporation’s EBITDA margin for the year ending March 30 is 30.32%, while its operating margin for the same period stands at 34.50%. Its gross profit as reported stood at $1.44 billion compared to revenue of $1.84 billion.
Earnings Surprise
For the three-month period that ended March 30, Weibo Corporation had $480.43 million in cash and short-term investments compared to $880.86 million in total debt. In the quarter under review, the net income was down than the previous quarter. The company posted a net income of $85.56 million in the quarter, while revenues were shrunk -400.61%. The analyst consensus anticipated Weibo Corporation’s latest quarter earnings to come in at $0.43 per share, but it turned out to be $0.47, a 9.30% surprise. For the quarter, EBITDA amounted to $96.49 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Weibo Corporation (WB) price momentum. RSI 9-day as of the close on 11 August was 41.93%, suggesting the stock is Neutral, with historical volatility in this time frame at 42.13%.
As of today, WB’s price is $13.90 -5.13% or -$0.74 from its 5-day moving average. WB is currently trading -2.91% lower than its 20-day SMA and -17.23% lower than its 100-day SMA. However, the stock’s current price level is -2.00% below the SMA50 and +27.82% above the SMA200.
The stochastic %K and %D were 23.02% and 22.24%, respectively, and the average true range (ATR) was 0.67. With the 14-day stochastic at 14.18% and the average true range at 0.66, the RSI (14) stands at 44.71%. The stock has reached -0.32 on the 9-day MACD Oscillator while the 14-day reading was at -0.52.
Analyst Ratings
UBS downgraded Weibo Corporation (NASDAQ: WB) to a a Neutral rating in its most recent analyst report. Previously, the stock was rated as a Buy. The consensus rating for Weibo Corporation (WB) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell WB, while 8 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 2 analysts, while 18 others rate it as a “buy”.
