In the last trading session, 1.93 million Weibo Corp ADR (NASDAQ:WB) shares changed hands as the company’s beta touched 0.22. With the company’s per share price at $11.27 changed hands at $0.47 or 4.31% during last session, the market valuation stood at $1.75B. WB’s last price was a discount, traded about -9.14% off its 52-week high of $12.30. The share price had its 52-week low at $7.03, which suggests the last value was 37.62% up since then. When we look at Weibo Corp ADR’s average trading volume, we note the 10-day average is 3.53 million shares, with the 3-month average coming to 1.74 million.
Analysts gave the Weibo Corp ADR (WB) stock a consensus recommendation rating of Buy, calculated at a mean rating of 2.18. If we narrow down to specifics, the data shows that 1 out of 7 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 2 recommended WB as a Hold, 4 felt it is a Buy and 0 rated the stock as Underweight.
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Weibo Corp ADR (NASDAQ:WB) trade information
Instantly WB was in green as seen at the end of in last trading. With action 34.43%, the performance over the past five days has been green. The company’s shares are showing year-to-date upside of 13.27%, with the 5-day performance at 34.43% in the green. However, in the 30-day time frame, Weibo Corp ADR (NASDAQ:WB) is 53.27% up. Looking at the short shares, we see there were 18.08 million shares sold at short interest cover period of 13.83 days.
The consensus price target for the stock as assigned by Wall Street analysts is 10.2, meaning bulls need a downside of -10.49% from its current market value. According to analyst projections, WB’s forecast low is 7.5 with 56 as the target high. To hit the forecast high, the stock’s price needs a -396.89% plunge from its current level, while the stock would need to tank 33.45% for it to hit the projected low.
Weibo Corp ADR (WB) estimates and forecasts
Data shows that the Weibo Corp ADR share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 31.24% over the past 6 months, a -9.04% in annual growth rate that is considerably lower than the industry average of 8.40%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -10.97%. The 2024 estimates are for Weibo Corp ADR earnings to decrease by -8.61%, but the outlook for the next 5-year period is at 3.35% per year.
WB Dividends
Weibo Corp ADR is expected to release its next quarterly earnings report on 2024-Nov-07. The 0.00% annual yield figure for the share gives it an annual dividend of 0.00. It is important to note, however, that the 0.00% dividend yield ratio should serve as a guide only, as you should also take into consideration many other aspects of a company’s operations and fundamentals before making any investment decision.
Weibo Corp ADR (NASDAQ:WB)’s Major holders
FEDERATED HERMES, INC. holds the second largest percentage of outstanding shares, with 2.0136% or 4.77 million shares worth $36.6 million as of 2024-06-30.
