Webtoon Entertainment Inc. (NASDAQ: WBTN) Are Up 8.99%, Predicting What To Expect Ahead

During the last session, Webtoon Entertainment Inc. (NASDAQ:WBTN)’s traded shares were 0.32 million. At the end of the trading day, the stock’s price was $11.23, reflecting an intraday loss of -1.84% or -$0.21. The 52-week high for the WBTN share is $25.66, that puts it down -128.5 from that peak though still a striking 8.99% gain since the share price plummeted to a 52-week low of $10.22. The company’s market capitalization is $1.44B, and the average intraday trading volume over the past 10 days was 0.26 million shares, and the average trade volume was 472.83K shares over the past three months.

Webtoon Entertainment Inc. (WBTN) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.75. WBTN has a Sell rating from 0 analyst(s) out of 4 analysts who have looked at this stock. 1 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 3 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -0.42.

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Webtoon Entertainment Inc. (NASDAQ:WBTN) trade information

Webtoon Entertainment Inc. (WBTN) registered a -1.84% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -1.84% in intraday trading to $11.23, hitting a weekly high. The stock’s 5-day price performance is -0.44%, and it has moved by 8.92% in 30 days. The short interest in Webtoon Entertainment Inc. (NASDAQ:WBTN) is 2.35 million shares and it means that shorts have 5.02 day(s) to cover.

The consensus price target of analysts on Wall Street is $30, which implies an increase of 62.57% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $23 and $62 respectively. As a result, WBTN is trading at a discount of -452.09% off the target high and -104.81% off the low.

As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 340.37M as predicted by 5 analyst(s). Meanwhile, a consensus of 5 analyst(s) estimates revenue growth to 382.66M by the end of current fiscal year.

WBTN Dividends

Webtoon Entertainment Inc. is due to release its next quarterly earnings on 2024-Aug-08. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.

Also, the Mutual Funds coming in first place with the largest holdings of Webtoon Entertainment Inc. (WBTN) shares are Fidelity Emerging Markets Fund (US) and Fidelity Series Emerging Markets Opportunities Fund . Data provided on Aug 31, 2024 indicates that Fidelity Emerging Markets Fund (US) owns about 3.53 shares. This amounts to just over 2.75 percent of the company’s overall shares, with a $39.64 million market value. The same data shows that the other fund manager holds slightly less at 1.15, or about 0.90% of the stock, which is worth about $12.96 million.