At the last check on Friday, Weibo Corporation’s (NASDAQ:WB) stock was up $0.61, moving up 4.73 percent to $13.51. The average number of shares traded per day over the past five days has been 1,078,026 shares. 3 times new highs have been achieved over the past 5 days, with a $1.09 gain in that time frame. In the last twenty days, the average volume was 1,147,606, while in the previous 50 days, it was 1,124,513.
Since last month, WB stock retreated -8.65%. Shares of the company fell to $12.30 on 08/25/23, the lowest level in the past month. A 52-week high of $24.04 was reached on 02/02/23 after having rallying from a 52-week low of $9.42. Since the beginning of this year, WB’s stock price has dropped by -24.84% or -$5.54, and marked a new high 6 times. However, the stock has declined by -43.80% since its 52-week high.
Valuation Metrics
Right now, Weibo Corporation (WB) has a P/E ratio of about 12.54. The stock’s beta is 0.59. Besides these, the trailing price-to-sales (P/S) ratio of 2.03, the price-to-book (PB) ratio of 1.02.
Financial Health
In the recent quarter, Weibo Corporation’s quick ratio stood at 3.60, while its current ratio was 3.60, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the recent quarter was 0.78, and the total debt-to-equity ratio was 0.78. On the profitability front, the trailing twelve-month gross margin is 78.40% percent. In the recent year, EBITDA margin amounted to 30.32%, whereas operating margins totaled 36.10%. 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 9.40%.
According to the earnings report, the company had a higher 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. During the quarter, the company generated $123.45 million in EBITDA. The liabilities of Weibo Corporation were 3.74 billion at the end of its most recent quarter, and its total debt was $2.42 billion.
Technical Picture
This quick technical analysis looks at Weibo Corporation’s (WB) price momentum. With a historical volatility rate of 72.43%, the RSI 9-day stood at 53.01% on 31 August.
With respect to its five-day moving average, the current Weibo Corporation price is up by +8.73% percent or $1.09. At present, WB shares trade -5.89% below its 20-day simple moving average and -23.62% percent below its 100-day simple moving average. However, the stock is currently trading approximately -4.30% below its SMA50 and -1.31% below its SMA200.
Stochastic coefficient K was 46.98% and Stochastic coefficient D was 43.69%, while ATR was 0.65. Given the Stochastic reading of 66.32% for the 14-day period, the RSI (14) reading has been calculated as 50.41%. As of today, the MACD Oscillator reading stands at -0.02, while the 14-day reading stands at 0.03.
Analyst Ratings
Weibo Corporation downgraded its rating on Weibo Corporation (NASDAQ: WB) to a Hold in a note to investors on August 25, 2023. The analysts firm previously had a Buy rating on the stock.Weibo Corporation (WB) has been rated Overweight by analysts. According to 0 brokerage firms, WB is a sell, and 9 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 17 recommending it as overweight.
With a median target price of $19.00, the current consensus forecast for the stock is $14.20 – $26.90. Based on these forecasts, analysts predict Weibo Corporation (WB) will achieve an average price target of $20.05.
