Weibo Corporation [NASDAQ: WB] stock went on an upward path that rose over 2.97% on Tuesday, amounting to a one-week price increase of more than 7.55%. The company report on July 6, 2021 that Weibo Announces Chairman’s Response to Certain Market Speculation.
Weibo Corporation (“Weibo” or the “Company”) (NASDAQ: WB), a leading social media in China, noted a Reuters article issued saying the Company’s chairman Charles Chao and a state investor are in talks to take the Company private. In response to the Company’s inquiry, Mr. Chao informed the Company that the above information is untrue and he has had no discussion with anyone regarding privatization of the Company.
Over the last 12 months, WB stock rose by 68.52%. The one-year Weibo Corporation stock forecast points to a potential downside of -9.5. The average equity rating for WB stock is currently 2.10, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $14.08 billion, with 227.77 million shares outstanding and 55.63 million shares in the current float. Compared to the average trading volume of 1.57M shares, WB stock reached a trading volume of 1539652 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on Weibo Corporation [WB]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for WB shares is $56.71 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on WB stock is a recommendation set at 2.10. 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.
CLSA have made an estimate for Weibo Corporation shares, keeping their opinion on the stock as Buy, with their previous recommendation back on September 29, 2020. While these analysts kept the previous recommendation, Barclays dropped their target price from $47 to $40. The new note on the price target was released on April 22, 2020, representing the official price target for Weibo Corporation stock.
The Average True Range (ATR) for Weibo Corporation is set at 2.33, with the Price to Sales ratio for WB stock in the period of the last 12 months amounting to 7.71. The Price to Book ratio for the last quarter was 4.93, with the Price to Cash per share for the same quarter was set at 15.05.
WB Stock Performance Analysis:
Weibo Corporation [WB] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 7.55. With this latest performance, WB shares gained by 27.54% in over the last four-week period, additionally plugging by 49.03% over the last 6 months – not to mention a rise of 68.52% 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 WB stock in for the last two-week period is set at 84.25, with the RSI for the last a single of trading hit 91.88, and the three-weeks RSI is set at 77.23 for Weibo Corporation [WB]. The present Moving Average for the last 50 days of trading for this stock 50.73, while it was recorded at 60.34 for the last single week of trading, and 47.52 for the last 200 days.
Insight into Weibo Corporation Fundamentals:
Operating Margin for any stock indicates how profitable investing would be, and Weibo Corporation [WB] shares currently have an operating margin of +29.99 and a Gross Margin at +82.12. Weibo Corporation’s Net Margin is presently recorded at +18.54.
Return on Total Capital for WB is now 10.92, given the latest momentum, and Return on Invested Capital for the company is 6.81. Return on Equity for this stock inclined to 12.32, with Return on Assets sitting at 5.64. When it comes to the capital structure of this company, Weibo Corporation [WB] has a Total Debt to Total Equity ratio set at 86.60. Additionally, WB Total Debt to Total Capital is recorded at 46.41, with Total Debt to Total Assets ending up at 38.45. Long-Term Debt to Equity for the company is recorded at 86.40, with the Long-Term Debt to Total Capital now at 46.30.
Reflecting on the efficiency of the workforce at the company, Weibo Corporation [WB] managed to generate an average of $61,877 per employee. Receivables Turnover for the company is 1.44 with a Total Asset Turnover recorded at a value of 0.30.Weibo Corporation’s liquidity data is similarly interesting compelling, with a Quick Ratio of 4.60 and a Current Ratio set at 4.60.
WB Stock EPS
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 WB. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Weibo Corporation go to 2.52%.
Weibo Corporation [WB] Insider Position Details
There are presently around $4,084 million, or 48.30% of WB stock, in the hands of institutional investors. The top three institutional holders of WB stocks are: ALIBABA GROUP HOLDING LTD with ownership of 9,000,000, which is approximately 0% of the company’s market cap and around 7.14% of the total institutional ownership; INVESCO LTD., holding 8,344,660 shares of the stock with an approximate value of $518.2 million in WB stocks shares; and MORGAN STANLEY, currently with $334.59 million in WB stock with ownership of nearly 287.035% of the company’s market capitalization.
Positions in Weibo Corporation stocks held by institutional investors increased at the end of August and at the time of the August reporting period, where 103 institutional holders increased their position in Weibo Corporation [NASDAQ:WB] by around 14,650,764 shares. Additionally, 82 investors decreased positions by around 9,987,927 shares, while 26 investors held positions by with 41,119,074 shares. The mentioned changes placed institutional holdings at 65,757,765 shares, according to the latest SEC report filing. WB stock had 42 new institutional investments in for a total of 2,452,574 shares, while 33 institutional investors sold positions of 3,065,223 shares during the same period.