In the last trading session, 4.62 million shares of the Weibo Corp ADR (NASDAQ:WB) were traded, and its beta was 0.20. Most recently the company’s share price was $10.26, and it changed around -$1.45 or -12.38% from the last close, which brings the market valuation of the company to $1.60B. WB currently trades at a discount to its 52-week high of $12.40, offering almost -20.86% off that amount. The share price’s 52-week low was $7.03, which indicates that the current value has risen by an impressive 31.48% since then. We note from Weibo Corp ADR’s average daily trading volume that its 10-day average is 5.32 million shares, with the 3-month average coming to 2.00 million.
Weibo Corp ADR stock received a consensus recommendation rating of Buy, based on a mean score of 2.18. If we narrow it down even further, the data shows that 1 out of 19 analysts rate the stock as a Sell; another 5 rate it as Overweight. Among the rest, 2 recommended WB as a Hold, whereas 11 deemed it a Buy, and 0 rated it as Underweight. Weibo Corp ADR is expected to report earnings per share of 0.44 for the current quarter.
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Weibo Corp ADR (NASDAQ:WB) trade information
Instantly WB has showed a red trend with a performance of -12.38% 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 12.40 on recent trading dayincreased the stock’s daily price by 17.26%. The company’s shares are currently up 3.16% year-to-date, but still down -5.00% over the last five days. On the other hand, Weibo Corp ADR (NASDAQ:WB) is 43.90% up in the 30-day period. We can see from the shorts that 18.08 million shares have been sold at a short interest cover period of 13.83 day(s).
The consensus price target as assigned by Wall Street analysts is $10.2, which translates to bulls needing to decrease their stock price by -0.59% from its current value. Analyst projections state that WB is forecast to be at a low of $7.5 and a high of $56.
Weibo Corp ADR (WB) estimates and forecasts
Weibo Corp ADR share prices are performing particularly well not compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 24.13 percent over the past six months and at a -11.70% annual growth rate that is well below the industry average of 9.20%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will loss -22.80% in revenue this quarter, and will report an increase of 29.00% in the next quarter. The year-over-year growth rate is expected to be -2.30%, down from the previous year.
Consensus estimates provided by 9 financial analysts predict the company will bring in an average of 435.98M in revenue for the current quarter. 7 analysts expect Weibo Corp ADR to make 447.13M in revenue for the current ending quarter. Forecasts for the next quarter put sales growth at -3.60%.
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -10.97%. Weibo Corp ADR earnings are expected to increase by -8.44% in 2024, but the outlook is positive 1.29% per year for the next five years.
WB Dividends
Weibo Corp ADR’s next quarterly earnings report is expected to be released in November.
FEDERATED HERMES, INC., with 2.0136% or 4.77 million shares worth $36.6 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
