JP Morgan slashes price target on Bilibili Inc ADR [BILI] – find out why.

Bilibili Inc ADR [NASDAQ: BILI] closed the trading session at $15.15.

The stocks have a year to date performance of 24.49 percent and weekly performance of 4.70 percent. The stock has been moved at 68.71 percent over the last six months. The stock has performed -0.92 percent around the most recent 30 days and changed 19.86 percent over the most recent 3-months.

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If compared to the average trading volume of 6.70M shares, BILI reached to a volume of 3874157 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say about Bilibili Inc ADR [BILI]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for BILI shares is $17.86 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on BILI stock is a recommendation set at 1.65. 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.

JP Morgan have made an estimate for Bilibili Inc ADR shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on June 20, 2024. While these analysts kept the previous recommendation, UBS raised their target price from $11.90 to $18. The new note on the price target was released on May 31, 2024, representing the official price target for Bilibili Inc ADR stock. Previously, the target price had yet another raise from $10 to $14, while Barclays kept a Equal Weight rating on BILI stock.

The Average True Range (ATR) for Bilibili Inc ADR is set at 0.67, with the Price to Sales ratio for BILI stock in the period of the last 12 months amounting to 1.51. The Price to Book ratio for the last quarter was 3.24, with the Price to Cash per share for the same quarter was set at 5.59.

BILI stock trade performance evaluation

Bilibili Inc ADR [BILI] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 4.70. With this latest performance, BILI shares dropped by -0.92% in over the last four-week period, additionally plugging by 68.71% over the last 6 months – not to mention a drop of -20.56% 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 BILI stock in for the last two-week period is set at 47.09, with the RSI for the last a single of trading hit 46.35, and the three-weeks RSI is set at 48.69 for Bilibili Inc ADR [BILI]. The present Moving Average for the last 50 days of trading for this stock 15.47, while it was recorded at 14.95 for the last single week of trading, and 12.81 for the last 200 days.

Bilibili Inc ADR [BILI]: An insightful look at the core fundamentals

Bilibili Inc ADR’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.03 and a Current Ratio set at 1.03.

Bilibili Inc ADR [BILI]: Institutional Ownership

The top three institutional holders of BILI stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.5034%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $178.43 billion in BILI stocks shares; and BERKSHIRE HATHAWAY INC, currently with $135.36 billion in BILI stock with ownership which is approximately 5.1238%.