The stock of Weibo Corp ADR (NASDAQ:WB) last traded at $9.52, up 2.26% from the previous session.
Data from the available sources indicates that Weibo Corp ADR (NASDAQ:WB) is covered by 27 analysts. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $23.50 and a low of $11.50, we find $17.10. Given the previous closing price of $9.31, this indicates a potential upside of 83.67 percent. WB stock price is now -19.76% away from the 50-day moving average and -32.42% away from the 200-day moving average. The market capitalization of the company currently stands at $1.38B.
In total, 9 analysts have assigned it a hold rating, and 16 have given it a buy rating. Brokers who have rated the stock have averaged $16.98 as their price target over the next twelve months.
A total of 0.09% of the company’s stock is owned by insiders.
During the past 12 months, Weibo Corp ADR has had a low of $9.09 and a high of $24.04. As of last week, the company has a debt-to-equity ratio of 0.76, a current ratio of 2.38, and a quick ratio of 2.38. According to the stock market information, the enterprise value for the company is $1.94B, which is based on a 5.65 price-to-earnings ratio, a 3.34 price-to-earnings-growth ratio, and a beta of 0.43. The fifty day moving average price for WB is $11.86 and a two-hundred day moving average price translates $14.52 for the stock.
The latest earnings results from Weibo Corp ADR (NASDAQ: WB) was released for Sep, 2023. According to the Internet Content & Information Company, earnings per share came in at $0.57, beating analysts’ expectations of $0.55 by 0.02. This compares to -$0.07 EPS in the same period last year. The net profit margin was 23.01% and return on equity was 12.50% for WB. The company reported revenue of $442.15 million for the quarter, compared to $453.56 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -2.52 percent. For the current quarter, analysts expect WB to generate $457M in revenue.
Weibo Corp ADR(WB) Company Profile
Weibo Corporation, through its subsidiaries, operates as a social media platform for people to create, distribute, and discover content in the People’s Republic of China. It operates in two segments, Advertising and Marketing Services; and Value-Added Services. The company offers discovery products to help users discover content on its platform; self-expression products that enable its users to express themselves on its platform; and social products to promote social interaction between users on its platform. It also provides advertising and marketing solutions, such as social display advertisements; and promoted marketing offerings, such as Fans Headline and Weibo Express promoted feeds, as well as promoted trends and search products that appear alongside user’s trends discovery and search behaviors. In addition, the company offers products, such as trends, search, video/live streaming, and editing tools; content customization, copyright contents pooling, and user interaction development; and search list recommendation, trends list recommendation, and Weibo app opening advertisements. Further, it provides back-end management, traffic support, and product solutions to MCNs, unions, and e-commerce partners; open application platform for other app developers that allows users to log into third-party applications with their Weibo account for sharing third-party content on its platform; and Weibo Wallet, a product that enables platform partners to conduct interest generation activities on Weibo, such as handing out red envelops and coupons. The company was formerly known as T.CN Corporation and changed its name to Weibo Corporation in 2012. The company was founded in 2009 and is headquartered in Beijing, China. Weibo Corporation operates as a subsidiary of Sina Corporation.
