Weibo Corp ADR [NASDAQ: WB] stock went on an upward path that rose over 0.52% on Monday, amounting to a one-week price increase of more than 16.17%.
Over the last 12 months, WB stock rose by 9.63%. The one-year Weibo Corp ADR stock forecast points to a potential downside of -14.24. The average equity rating for WB stock is currently 2.18, trading closer to a bullish pattern in the stock market.
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The market cap for the stock reached $1.82 billion, with 155.49 million shares outstanding and 155.43 million shares in the current float. Compared to the average trading volume of 1.90M shares, WB stock reached a trading volume of 7226650 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on Weibo Corp ADR [WB]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for WB shares is $10.25 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 2.18. 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 Weibo Corp ADR shares, keeping their opinion on the stock as Underweight, with their previous recommendation back on May 17, 2024. The new note on the price target was released on March 28, 2024, representing the official price target for Weibo Corp ADR stock. Previously, the target price had yet another raise to $11.50, while UBS analysts kept a Buy rating on WB stock. On January 11, 2024, analysts decreased their price target for WB shares from 19.50 to 10.
The Average True Range (ATR) for Weibo Corp ADR is set at 0.58, with the Price to Sales ratio for WB stock in the period of the last 12 months amounting to 1.05. The Price to Book ratio for the last quarter was 0.86, with the Price to Cash per share for the same quarter was set at 18.25.
WB Stock Performance Analysis:
Weibo Corp ADR [WB] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 16.17. With this latest performance, WB shares gained by 60.63% in over the last four-week period, additionally plugging by 46.84% over the last 6 months – not to mention a rise of 9.63% 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 79.11, with the RSI for the last a single of trading hit 81.27, and the three-weeks RSI is set at 75.99 for Weibo Corp ADR [WB]. The present Moving Average for the last 50 days of trading for this stock 8.14, while it was recorded at 11.19 for the last single week of trading, and 8.68 for the last 200 days.
Insight into Weibo Corp ADR Fundamentals:
Weibo Corp ADR’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.34 and a Current Ratio set at 2.34.
WB Stock EPS
With the latest financial reports released by the company, Weibo Corp ADR posted 0.57/share EPS, while the average EPS was predicted by analysts to be reported at 0.55/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 0.02. 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 Corp ADR go to 1.29%.
Weibo Corp ADR [WB] Institutonal Ownership Details
The top three institutional holders of WB stocks are: ALIBABA GROUP HOLDING LTD with ownership of 9.0 million shares, which is approximately 3.8024%. FEDERATED HERMES, INC., holding 4.77 million shares of the stock with an approximate value of $$36.6 million in WB stocks shares; and FEDERATED HERMES, INC., currently with $$34.6 million in WB stock with ownership which is approximately 1.9034%.
