While Webtoon Entertainment Inc has overperformed by 2.65%, investors are advised to look at stock chart patterns for technical insight.
On September 04, 2024, HSBC Securities started tracking Webtoon Entertainment Inc (NASDAQ: WBTN) recommending Buy. A report published by Morgan Stanley on July 22, 2024, Initiated its previous ‘Equal-Weight’ rating for WBTN. JP Morgan also rated WBTN shares as ‘Neutral’, setting a target price of $23 on the company’s shares in an initiating report dated July 22, 2024. Goldman Initiated an Buy rating on July 22, 2024, and assigned a price target of $62. Evercore ISI initiated its ‘Outperform’ rating for WBTN, as published in its report on July 22, 2024. Deutsche Bank’s report from July 22, 2024 suggests a price prediction of $25 for WBTN shares, giving the stock a ‘Buy’ rating.
Analysis of Webtoon Entertainment Inc (WBTN)
Further, the quarter-over-quarter increase in sales is 9.49%, showing a positive trend in the upcoming months.
To gain a thorough understanding of Webtoon Entertainment Inc’s future performance, several well-rounded types of analysis and research techniques can be used, with equity being among the most crucial. Taking into account the quick ratio of the company, currently set at 2.49, 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.
It is also very valuable to look at average volume as an indicator of volatility for a stock, and WBTN is recording an average volume of 380.18K. On a monthly basis, the volatility of the stock is set at 6.62%, whereas on a weekly basis, it is put at 4.47%, with a gain of 0.50% over the past seven days. Furthermore, long-term investors anticipate a median target price of $24.50, showing growth from the present price of $12.02, 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?
The number of employees owning shares of the company should also be considered in addition to the fundamentals. 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 88.56%. 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 17.31% 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 17.31% at present.
