Weidai Ltd. [NYSE: WEI] gained 7.09% on the last trading session, reaching $1.51 price per share at the time. The company report on March 19, 2021 that Weidai Ltd. Announces Full Year 2020 Financial Results.
Weidai Ltd. (“Weidai” or the “Company”) (NYSE: WEI), a leading auto-backed financing solution provider in China, announced its financial results for the year ended December 31, 2020, which have not been audited or reviewed by the Company’s independent registered accounting firm.
Full Year 2020 Operational Results.
Weidai Ltd. represents 70.46 million in outstanding shares, while the company has a total market value of $99.77 million with the latest information. WEI stock price has been found in the range of $1.42 to $1.76.
If compared to the average trading volume of 1.36M shares, WEI reached a trading volume of 16578784 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about Weidai Ltd. [WEI]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for WEI shares is $2.16 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on WEI stock is a recommendation set at 4.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Morgan Stanley have made an estimate for Weidai Ltd. shares, keeping their opinion on the stock as Underweight, with their previous recommendation back on January 21, 2020. The new note on the price target was released on October 03, 2019, representing the official price target for Weidai Ltd. stock.
The Average True Range (ATR) for Weidai Ltd. is set at 0.16, with the Price to Sales ratio for WEI stock in the period of the last 12 months amounting to 0.42. The Price to Book ratio for the last quarter was 0.45.
Trading performance analysis for WEI stock
Weidai Ltd. [WEI] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 10.22. With this latest performance, WEI shares gained by 12.69% in over the last four-week period, additionally plugging by 84.12% over the last 6 months – not to mention a rise of 23.77% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for WEI stock in for the last two-week period is set at 48.36, with the RSI for the last a single of trading hit 50.64, and the three-weeks RSI is set at 47.99 for Weidai Ltd. [WEI]. The present Moving Average for the last 50 days of trading for this stock 1.6763, while it was recorded at 1.4280 for the last single week of trading, and 1.4457 for the last 200 days.
Weidai Ltd. [WEI]: A deeper dive into fundamental analysis
Operating Margin for any stock indicates how profitable investing would be, and Weidai Ltd. [WEI] shares currently have an operating margin of -26.23 and a Gross Margin at +49.41. Weidai Ltd.’s Net Margin is presently recorded at -45.73.
Return on Equity for this stock declined to -36.45, with Return on Assets sitting at -18.26. When it comes to the capital structure of this company, Weidai Ltd. [WEI] has a Total Debt to Total Equity ratio set at 19.02. Additionally, WEI Total Debt to Total Capital is recorded at 15.98, with Total Debt to Total Assets ending up at 11.18.
Receivables Turnover for the company is 41.00 with a Total Asset Turnover recorded at a value of 0.40.Weidai Ltd.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.00 and a Current Ratio set at 2.00.
Weidai Ltd. [WEI]: An earnings per share (EPS) analysis
With the latest financial reports released by the company, Weidai Ltd. posted 0.26/share EPS, while the average EPS was predicted by analysts to be reported at 0.34/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -23.50%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for WEI.
An analysis of insider ownership at Weidai Ltd. [WEI]
Positions in Weidai Ltd. stocks held by institutional investors increased at the end of June and at the time of the June reporting period, where 3 institutional holders increased their position in Weidai Ltd. [NYSE:WEI] by around 42,696 shares. Additionally, 3 investors decreased positions by around 29,341 shares, while 2 investors held positions by with 16,997 shares. The mentioned changes placed institutional holdings at 55,040 shares, according to the latest SEC report filing. WEI stock had 2 new institutional investments in for a total of 42,663 shares, while 3 institutional investors sold positions of 29,341 shares during the same period.