While Weibo Corp ADR has overperformed by 0.52%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, WB rose by 9.63%, with highs and lows ranging from $12.30 to $7.03, whereas the simple moving average jumped by 40.36% in the last 200 days.
On May 17, 2024, Morgan Stanley Downgraded Weibo Corp ADR (NASDAQ: WB) to Underweight. A report published by Goldman on March 28, 2024, Downgraded its rating to ‘Neutral’ for WB. UBS also Upgraded WB shares as ‘Buy’, setting a target price of $11.50 on the company’s shares in a report dated March 19, 2024. BofA Securities January 11, 2024d the rating to Underperform on January 11, 2024, and set its price target from $19.50 to $10. The Benchmark Company August 25, 2023d its ‘Buy’ rating to ‘Hold’ for WB, as published in its report on August 25, 2023. UBS’s report from June 13, 2023 suggests a price prediction of $15.50 for WB shares, giving the stock a ‘Neutral’ rating. JP Morgan also rated the stock as ‘Neutral’.
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Analysis of Weibo Corp ADR (WB)
Investors in Weibo Corp ADR will get a return regardless of how the company performs over the next quarter since the company’s dividend stands at $0.00 per share. Further, the quarter-over-quarter decrease in sales is -0.54%, showing a negative trend in the upcoming months.
One of the most important indicators of Weibo Corp ADR’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 9.99% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 2.34, 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 WB is recording 1.90M average volume. On a monthly basis, the volatility of the stock is set at 4.93%, whereas on a weekly basis, it is put at 7.68%, with a gain of 16.17% over the past seven days. Furthermore, long-term investors anticipate a median target price of $10.25, showing decline from the present price of $11.71, which can serve as yet another indication of whether WB is worth investing in or should be passed over.
How Do You Analyze Weibo Corp ADR Shares?
The Internet Content & Information market is dominated by Weibo Corp ADR (WB) based in the China. When comparing Weibo Corp ADR shares with other companies under Communication Services, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 9.19, there is a growth in quarterly earnings of 23.41%.
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 0.04%. 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 43.91% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
WB shares are owned by institutional investors to the tune of 43.91% at present.
