While Webtoon Entertainment Inc. has overperformed by 5.79%, investors are advised to look at stock chart patterns for technical insight.
On July 22, 2024, Morgan Stanley started tracking Webtoon Entertainment Inc. (NASDAQ: WBTN) recommending Equal-Weight. A report published by JP Morgan on July 22, 2024, Initiated its previous ‘Neutral’ rating for WBTN. Goldman also rated WBTN shares as ‘Buy’, setting a target price of $62 on the company’s shares in an initiating report dated July 22, 2024. Evercore ISI Initiated an Outperform rating on July 22, 2024, and assigned a price target of $30. Deutsche Bank initiated its ‘Buy’ rating for WBTN, as published in its report on July 22, 2024.
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Analysis of Webtoon Entertainment Inc. (WBTN)
Further, the quarter-over-quarter increase in sales is 5.31%, showing a positive trend in the upcoming months.
One of the most important indicators of Webtoon Entertainment Inc.’s future performance is equity, which can be evaluated using several well-rounded types of analysis and research techniques. The goal here is to ensure that your current return on equity of -14.12% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 1.56, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
For any stock, average volume can also provide valuable insight into volatility, and WBTN is recording 809.48K average volume. On a monthly basis, the volatility of the stock is set at 6.65%, whereas on a weekly basis, it is put at 9.16%, with a gain of 2.29% over the past seven days. Furthermore, long-term investors anticipate a median target price of $31.33, showing growth from the present price of $21.00, which can serve as yet another indication of whether WBTN is worth investing in or should be passed over.
How Do You Analyze Webtoon Entertainment Inc. Shares?
Along with the fundamentals, it is also important to consider how many employees own shares of the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 88.18%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 0.14% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
WBTN shares are owned by institutional investors to the tune of 0.14% at present.
