Weibo Corp ADR (NASDAQ: WB)’s stock price has gone rise by 9.91 in comparison to its previous close of 10.60, however, the company has experienced a 17.56% increase in its stock price over the last five trading days. zacks.com reported 2024-10-02 that Weibo (WB) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn’t suggest further strength down the road.
Is It Worth Investing in Weibo Corp ADR (NASDAQ: WB) Right Now?
The price-to-earnings ratio for Weibo Corp ADR (NASDAQ: WB) is above average at 9.14x. The 36-month beta value for WB is also noteworthy at 0.22. There are mixed opinions on the stock, with 11 analysts rating it as a “buy,” 5 rating it as “overweight,” 2 rating it as “hold,” and 1 rating it as “sell.”
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The public float for WB is 155.43M, and at present, short sellers hold a 11.63% of that float. The average trading volume of WB on October 07, 2024 was 1.84M shares.
WB’s Market Performance
WB’s stock has seen a 17.56% increase for the week, with a 57.65% rise in the past month and a 44.36% gain in the past quarter. The volatility ratio for the week is 8.04%, and the volatility levels for the past 30 days are at 4.67% for Weibo Corp ADR. The simple moving average for the past 20 days is 39.10% for WB’s stock, with a 39.86% simple moving average for the past 200 days.
Analysts’ Opinion of WB
Many brokerage firms have already submitted their reports for WB stocks, with Morgan Stanley repeating the rating for WB by listing it as a “Underweight.” The predicted price for WB in the upcoming period, according to Morgan Stanley is $10 based on the research report published on May 17, 2024 of the current year 2024.
UBS gave a rating of “Buy” to WB, setting the target price at $11.50 in the report published on March 19th of the current year.
WB Trading at 45.99% from the 50-Day Moving Average
After a stumble in the market that brought WB to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -5.27% of loss for the given period.
Volatility was left at 4.67%, however, over the last 30 days, the volatility rate increased by 8.04%, as shares surge +59.81% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +51.69% upper at present.
During the last 5 trading sessions, WB rose by +17.56%, which changed the moving average for the period of 200-days by +17.09% in comparison to the 20-day moving average, which settled at $8.59. In addition, Weibo Corp ADR saw 17.14% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for WB
Current profitability levels for the company are sitting at:
- 0.28 for the present operating margin
- 0.79 for the gross margin
The net margin for Weibo Corp ADR stands at 0.19. The total capital return value is set at 0.09. Equity return is now at value 9.99, with 4.61 for asset returns.
Based on Weibo Corp ADR (WB), the company’s capital structure generated 0.44 points at debt to capital in total, while cash flow to debt ratio is standing at 0.04. The debt to equity ratio resting at 0.8. The interest coverage ratio of the stock is 26.23.
Currently, EBITDA for the company is 530.18 million with net debt to EBITDA at 1.36. When we switch over and look at the enterprise to sales, we see a ratio of 1.95. The receivables turnover for the company is 2.07for trailing twelve months and the total asset turnover is 0.24. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.34.
Conclusion
In summary, Weibo Corp ADR (WB) has had a better performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
