In the last trading session, 2,044,218 shares of the Weidai Ltd.(NYSE:WEI) were traded, and its beta was 0. Most recently the company’s share price was $2.11, and it changed around -$0.03 or -0.01% from the last close, which brings the market valuation of the company to $148.67 Million. WEI currently trades at a discount to its 52-week high of $5.49, offering almost -160.19% off that amount. The share price’s 52-week low was $0.73, which indicates that the current value has risen by an impressive 65.4% since then. We note from Weidai Ltd.’s average daily trading volume that its 10-day average is 1.47 Million shares, with the 3-month average coming to 2.23 Million.
Weidai Ltd. stock received a consensus recommendation rating of Sell, based on a mean score of 4. If we narrow it down even further, the data shows that 1 out of 1 analysts rate the stock as a Sell; another but none rate it as Overweight. Among the rest, no body recommended WEI as a Hold, whereas none deemed it a Buy, and no one rated it as Underweight. Weidai Ltd. is expected to report earnings per share of $0 for the current quarter.
Weidai Ltd. (NYSE:WEI): Trading Information
Although WEI has showed a red trend with a performance of -1.4% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of $2.45- on Wednesday, Feb 17 increased the stock’s daily price by 13.87%. The company’s shares are currently up 0.59% year-to-date, but still up 0.0048 over the last five days. On the other hand, Weidai Ltd. (NYSE:WEI) is 0.3% up in the 30-day period. We can see from the shorts that 10.87 Million shares have been sold at a short interest cover period of 4.87 day(s).
Weidai Ltd. (WEI) projections and forecasts
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of 0%. Weidai Ltd. earnings are expected to decrease by -54.5% in 2021, but the outlook is negative 0% per year for the next five years.
Weidai Ltd. (NYSE:WEI)’s Biggest Investors
Upon looking at major shareholders, it appears that insiders hold 0% of Weidai Ltd. shares, and 0.13% of them are in the hands of institutional investors. The stock currently has a share float of 0.13%. Weidai Ltd. stock is held by 7 institutions, with Citadel Advisors LLC being the largest institutional investor. By Dec 30, 2020, it held 0.65% of the shares, which is about 32.05 Thousand shares worth $42.63 Thousand.
Dimensional Fund Advisors LP, with 0.22% or 10.9 Thousand shares worth $14.49 Thousand as of Dec 30, 2020, holds the second largest percentage of outstanding shares.