The stock price of Webtoon Entertainment Inc. (NASDAQ: WBTN) has dropped by -9.23 compared to previous close of 11.70. Despite this, the company has seen a fall of -12.95% in its stock price over the last five trading days. businesswire.com reported 2024-10-03 that LOS ANGELES–(BUSINESS WIRE)–WEBTOON Entertainment, a leading global entertainment company and home to some of the world’s largest storytelling platforms, has teamed up with Overtime, a leading brand for next generation sports fans, for “Overtime Elite,” an electrifying new webcomic. The first episode is available today exclusively on WEBTOON’s English language platform. “Overtime Elite” reveals a hidden world where basketball isn’t just a game—it’s a battleground for the next “king of basketb.
Is It Worth Investing in Webtoon Entertainment Inc. (NASDAQ: WBTN) Right Now?
There are mixed opinions on the stock, with 4 analysts rating it as a “buy,” 0 rating it as “overweight,” 3 rating it as “hold,” and 0 rating it as “sell.”
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The public float for WBTN is 14.67M and currently, short sellers hold a 9.33% ratio of that float. The average trading volume of WBTN on October 04, 2024 was 495.54K shares.
WBTN’s Market Performance
The stock of Webtoon Entertainment Inc. (WBTN) has seen a -12.95% decrease in the past week, with a -12.45% drop in the past month, and a -45.95% fall in the past quarter. The volatility ratio for the week is 5.94%, and the volatility levels for the past 30 days are at 6.30% for WBTN. The simple moving average for the past 20 days is -4.98% for WBTN’s stock, with a -33.33% simple moving average for the past 200 days.
Analysts’ Opinion of WBTN
Many brokerage firms have already submitted their reports for WBTN stocks, with HSBC Securities repeating the rating for WBTN by listing it as a “Buy.” The predicted price for WBTN in the upcoming period, according to HSBC Securities is $23 based on the research report published on September 04, 2024 of the current year 2024.
Morgan Stanley, on the other hand, stated in their research note that they expect to see WBTN reach a price target of $23. The rating they have provided for WBTN stocks is “Equal-Weight” according to the report published on July 22nd, 2024.
JP Morgan gave a rating of “Neutral” to WBTN, setting the target price at $23 in the report published on July 22nd of the current year.
WBTN Trading at -24.87% from the 50-Day Moving Average
After a stumble in the market that brought WBTN to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -58.61% of loss for the given period.
Volatility was left at 6.30%, however, over the last 30 days, the volatility rate increased by 5.94%, as shares sank -13.45% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -49.14% lower at present.
During the last 5 trading sessions, WBTN fell by -12.95%, in comparison to the 20-day moving average, which settled at $11.09. In addition, Webtoon Entertainment Inc. saw -53.83% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at WBTN starting from Kim Namsun, who purchase 7,195 shares at the price of $13.90 back on Aug 21 ’24. After this action, Kim Namsun now owns 7,195 shares of Webtoon Entertainment Inc., valued at $100,010 using the latest closing price.
Kim Junkoo, the of Webtoon Entertainment Inc., purchase 22,596 shares at $11.88 during a trade that took place back on Aug 16 ’24, which means that Kim Junkoo is holding 905,070 shares at $268,440 based on the most recent closing price.
Stock Fundamentals for WBTN
Current profitability levels for the company are sitting at:
- -0.03 for the present operating margin
- 0.24 for the gross margin
The net margin for Webtoon Entertainment Inc. stands at -0.14. The total capital return value is set at -0.02.
Based on Webtoon Entertainment Inc. (WBTN), the company’s capital structure generated 0.01 points at debt to capital in total, while cash flow to debt ratio is standing at 0.75. The debt to equity ratio resting at 0.01. The interest coverage ratio of the stock is -424.28.
Currently, EBITDA for the company is 3.83 million with net debt to EBITDA at -205.0. When we switch over and look at the enterprise to sales, we see a ratio of 0.61. The receivables turnover for the company is 7.49for trailing twelve months and the total asset turnover is 0.64. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.41.
Conclusion
In conclusion, Webtoon Entertainment Inc. (WBTN) has seen bad performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
