In last trading session, Weibo Corp ADR (NASDAQ:WB) saw 3.75 million shares changing hands with its beta currently measuring 0.44. Company’s recent per share price level of $8.61 trading at -$0.47 or -5.18% at ring of the bell on the day assigns it a market valuation of $1.25B. That closing price of WB’s stock is at a discount of -135.66% from its 52-week high price of $20.29 and is indicating a premium of 8.94% from its 52-week low price of $7.84. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 2.45 million shares which gives us an average trading volume of 2.21 million if we extend that period to 3-months.
Weibo Corp ADR (NASDAQ:WB) trade information
Upright in the red during last session for losing -5.18%, in the last five days WB remained trading in the red while hitting it’s week-highest on Monday, 03/18/24 when the stock touched $8.61 price level, adding 13.03% to its value on the day. Weibo Corp ADR’s shares saw a change of -21.37% in year-to-date performance and have moved -13.12% in past 5-day. Weibo Corp ADR (NASDAQ:WB) showed a performance of -6.62% in past 30-days. Number of shares sold short was 10.69 million shares which calculate 4.77 days to cover the short interests.
Weibo Corp ADR (WB) estimates and forecasts
Statistics highlight that Weibo Corp ADR is scoring comparatively lower than the scores of other players of the relevant industry. The company lost -26.97% of value to its shares in past 6 months, showing an annual growth rate of 1.60% while that of industry is 21.80. Apart from that, the company came raising its revenue forecast for fiscal year 2024. The company is estimating its revenue growth to decrease by -21.30% in the current quarter and calculating -13.20% decrease in the next quarter. This year revenue growth is estimated to rise 1.30% from the last financial year’s standing.
7 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $392.97 million for the same. And 6 analysts are in estimates of company making revenue of $447.19 million in the next quarter that will end on Jun 2024. Company posted $413.78 million and $440.24 million of sales in current and next quarters respectively a year earlier. Analysts are expecting this quarter sales to shrink by -5.00% while estimating it to be 1.60% for the next quarter.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -10.96% during past 5 years. In 2024, company’s earnings growth rate is likely to be around -0.87% while estimates for its earnings growth in next 5 years are of 2.29%.
WB Dividends
Weibo Corp ADR is more likely to be releasing its next quarterly report between May 23 and May 27 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.
Weibo Corp ADR (NASDAQ:WB)’s Major holders
Insiders are in possession of 6.17% of company’s total shares while institution are holding 44.59 percent of that, with stock having share float percentage of 47.52%. Investors also watch the number of corporate investors in a company very closely, which is 44.59% institutions for Weibo Corp ADR that are currently holding shares of the company. Alibaba Group Holding Ltd is the top institutional holder at WB for having 9.0 million shares of worth $77.49 million. And as of Dec 30, 2023, it was holding 6.06% of the company’s outstanding shares.
The second largest institutional holder is ARGA Investment Management, LP, which was holding about 6.83 million shares on Dec 30, 2023. The number of shares represents firm’s hold over 4.60% of outstanding shares, having a total worth of $58.77 million.
On the other hand, KraneShares CSI China Internet ETF and Allspring Emerging Markets Equity Fund are the top two Mutual Funds which own company’s shares. As of Dec 30, 2023, the former fund manager was holding 2.93 million shares of worth $25.2 million or 1.97% of the total outstanding shares. The later fund manager was in possession of 2.07 million shares on Jan 30, 2024, making its stake of worth around $17.83 million in the company or a holder of 1.40% of company’s stock.
