Webtoon Entertainment Inc. (NASDAQ:WBTN) -4.55% Down Over The Last Seven Days. Can The Stock Hit Well Above -$0.58?

In last trading session, Webtoon Entertainment Inc. (NASDAQ:WBTN) saw 0.71 million shares changing hands with its beta currently measuring 0. Company’s recent per share price level of $12.17 trading at -$0.2 or -1.62% at ring of the bell on the day assigns it a market valuation of $1.56B. That closing price of WBTN’s stock is at a discount of -110.85% from its 52-week high price of $25.66 and is indicating a premium of 8.38% from its 52-week low price of $11.15. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.78 million shares which gives us an average trading volume of 813.31K if we extend that period to 3-months.

For Webtoon Entertainment Inc. (WBTN), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.86. Splitting up the data highlights that, out of 4 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 1 suggested the stock as a Hold whereas 3 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -0.45 in the current quarter.

3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free
Sponsored

Webtoon Entertainment Inc. (NASDAQ:WBTN) trade information

Upright in the red during last session for losing -1.62%, in the last five days WBTN remained trading in the red while hitting it’s week-highest on Wednesday, 08/14/24 when the stock touched $12.17 price level, adding 9.52% to its value on the day. Webtoon Entertainment Inc.’s shares saw a change of -47.09% in year-to-date performance and have moved -4.55% in past 5-day. Webtoon Entertainment Inc. (NASDAQ:WBTN) showed a performance of -40.58% in past 30-days. Number of shares sold short was 1.09 million shares which calculate 2.63 days to cover the short interests.

Wall Street analysts have assigned a consensus price target of 30 to the stock, which implies a rise of 59.43% to its current value. Analysts have been projecting 23 as a low price target for the stock while placing it at a high target of 62. It follows that stock’s current price would drop -88.99% in reaching the projected high whereas dropping to the targeted low would mean a loss of -88.99% for stock’s current value.

6 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 347.58M for the same. And 5 analysts are in estimates of company making revenue of 388.04M in the next quarter.

On the other hand, Fidelity Emerging Markets Fund (US) and Fidelity Series Emerging Markets Opportunities Fund are the top two Mutual Funds which own company’s shares. As of Jun 30, 2024 , the former fund manager was holding 1.72 shares of worth $20.92 million or 1.34% of the total outstanding shares. The later fund manager was in possession of 1.15 shares on Jun 30, 2024 , making its stake of worth around $14.04 million in the company or a holder of 0.90% of company’s stock.