Weak Fundamental Momentum Sinks Weibo Corp ADR

Weibo Corp ADR (NASDAQ:WB) has a beta value of 0.25 and has seen 0.65 million shares traded in the recent trading session. The company, currently valued at $1.39B, closed the recent trade at $8.94 per share which meant it lost -$0.13 on the day or -1.43% during that session. The WB stock price is -64.54% off its 52-week high price of $14.71 and 20.36% above the 52-week low of $7.12. The 3-month trading volume is 2.48 million shares.

Weibo Corp ADR (NASDAQ:WB) trade information

Sporting -1.43% in the red today, the stock has traded in the red over the last five days, when the WB stock price touched $8.94 or saw a rise of 11.75%. Year-to-date, Weibo Corp ADR shares have moved -10.11%, while the 5-day performance has seen it change -7.07%. Over the past 30 days, the shares of Weibo Corp ADR (NASDAQ:WB) have changed 9.96%.

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Weibo Corp ADR (WB) estimates and forecasts

Figures show that Weibo Corp ADR shares have underperformed across the wider relevant industry. The company’s shares have lost -19.52% over the past 6 months, with this year growth rate of -2.13%, compared to 19.20% for the industry. Revenue growth from the last financial year stood is estimated to be 1.40%.

8 analysts offering their estimates for the company have set an average revenue estimate of 392.55M for the current quarter. 7 have an estimated revenue figure of 446.34M for the next ending quarter. Year-ago sales stood 413.78M and 440.24M respectively for this quarter and the next, and analysts expect sales will shrink by -5.10% for the current quarter and 1.40% for the next.

If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -10.97% over the past 5 years. Earnings growth for 2024 is a modest -1.59% while over the next 5 years, the company’s earnings are expected to increase by 4.08%.

WB Dividends

Weibo Corp ADR is expected to release its next earnings report in June this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 0.00 at a share yield of 0.00%.