Bilibili Inc ADR (NASDAQ: BILI) Stock: Can It Go Higher?

In the last trading session, 16.22 million shares of the Bilibili Inc ADR (NASDAQ:BILI) were traded, and its beta was 0.83. Most recently the company’s share price was $23.04, and it changed around -$3.42 or -12.93% from the last close, which brings the market valuation of the company to $7.41B. BILI currently trades at a discount to its 52-week high of $31.77, offering almost -37.89% off that amount. The share price’s 52-week low was $8.80, which indicates that the current value has risen by an impressive 61.81% since then. We note from Bilibili Inc ADR’s average daily trading volume that its 10-day average is 19.13 million shares, with the 3-month average coming to 7.27 million.

Bilibili Inc ADR stock received a consensus recommendation rating of Buy, based on a mean score of 1.56. If we narrow it down even further, the data shows that 0 out of 3 analysts rate the stock as a Sell; another 1 rate it as Overweight. Among the rest, 0 recommended BILI as a Hold, whereas 2 deemed it a Buy, and 0 rated it as Underweight. Bilibili Inc ADR is expected to report earnings per share of 0.09 for the current quarter.

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Bilibili Inc ADR (NASDAQ:BILI) trade information

Instantly BILI has showed a red trend with a performance of -12.93% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of 31.77 on recent trading dayincreased the stock’s daily price by 27.48%. The company’s shares are currently up 89.32% year-to-date, but still down -13.80% over the last five days. On the other hand, Bilibili Inc ADR (NASDAQ:BILI) is 52.48% up in the 30-day period. We can see from the shorts that 18.23 million shares have been sold at a short interest cover period of 3.34 day(s).

The consensus price target as assigned by Wall Street analysts is $18, which translates to bulls needing to decrease their stock price by -28.0% from its current value. Analyst projections state that BILI is forecast to be at a low of $14 and a high of $139.

Bilibili Inc ADR (BILI) estimates and forecasts

Bilibili Inc ADR share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 93.13 percent over the past six months and at a 101.71% annual growth rate that is well above the industry average of 4.60%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will gain 130.00% in revenue this quarter, and will report an increase of 157.90% in the next quarter. The year-over-year growth rate is expected to be 19.90%, up from the previous year.

Consensus estimates provided by 15 financial analysts predict the company will bring in an average of 1.01B in revenue for the current quarter. 12 analysts expect Bilibili Inc ADR to make 1.07B in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 814.5M and 891.59M respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 24.50%. Forecasts for the next quarter put sales growth at 20.00%.

Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -46.30%. Bilibili Inc ADR earnings are expected to increase by 95.87% in 2024, but the outlook is positive 4.73% per year for the next five years.

BILI Dividends

Bilibili Inc ADR’s next quarterly earnings report is expected to be released in November.

YIHENG CAPITAL MANAGEMENT, L.P., with 3.0508% or 12.67 million shares worth $195.61 million as of 2024-06-30, holds the second largest percentage of outstanding shares.