Weibo stock has undergone multiple analysts rating changes in the recent past. Weibo Upgraded by Zacks Investment Research on 10/30/2021. In a note to investors, the firm issued a new rating of Buy. The analysts previously had rating of Hold.
Shares of Weibo traded down -$0.88 on Friday, reaching $44.98. 522384 shares of the stock traded hands, compared to its average volume of 775001. Shares of Weibo were trading at $44.98 on Friday. The firm’s 50 day moving average is $49.63 and its 200 day moving average is $51.44.Weibo has a 12 month low of $44.55 and a 12 month high of $64.70. While on yearly highs and lows, Weibo’s today has traded high as $45.76 and has touched $44.55 on the downward trend. See More Analyst Rating at: RATING
Weibo Earnings and What to expect:
Weibo last issued its quarterly earnings results on August 17th, 2021. The information services provider reported $0.79 earnings per share for the quarter, topping analysts’ consensus estimates of $0.63 by $0.16. The business had revenue of $574.50 million for the quarter, compared to analysts’ expectations of $525.88 million. Its revenue for the quarter was up 48.3% compared to the same quarter last year. Weibo has generated $1.38 earnings per share over the last year ($0.85 diluted earnings per share) and currently has a price-to-earnings ratio of 52.9. Earnings for Weibo are expected to grow by 43.37% in the coming year, from $1.96 to $2.81 per share. Weibo has not formally confirmed its next earnings publication date, but the company’s estimated earnings date is Monday, December 27th, 2021 based off prior year’s report dates.
Earnings for Weibo are expected to grow by 43.37% in the coming year, from $1.96 to $2.81 per share. The P/E ratio of Weibo is 52.92, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 15.15. The P/E ratio of Weibo is 52.92, which means that it is trading at a more expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 41.46. Weibo has a PEG Ratio of 5.60. PEG Ratios above 1 indicate that a company could be overvalued. Weibo has a P/B Ratio of 3.62. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.
Weibo (NASDAQ:WB) Moving Average Technical Analysis
5 day Moving Average is $47.04 And 5 day price change is -$5.31 (-10.56%) with average volume for 5 day average is 917,660. While technical analysis for average 20 days shows significant difference, 20 day moving average is $48.01 and 20 day price change is -$1.16 (-2.51%) and average 20 day moving volume is 722,610. 50 day moving average is $49.63 and 50 day price change is -$2.62 ( -5.50%) and with average volume for 50 days is : 903,938. 200 day moving average is $51.44 and 200 day price change is $4.40 (10.84%) and with average volume for 200 days is : 1,388,632.
Other owners latest trading in Weibo :
- On 10/29/2021 shares held by Banque Cantonale Vaudoise were 26,782 which equates to market value of $1.27M and appx 0.10% owners of Weibo
- On 10/29/2021 shares held by ARGA Investment Management LP were 1,433,621 which equates to market value of $68.08M and appx 4.70% owners of Weibo
- On 10/29/2021 shares held by Vontobel Holding Ltd. were 5,579 which equates to market value of $0.27M and appx 0.00% owners of Weibo
- In total Institutional ownership equates to Institutional Ownership Percentage: 29.72% for Weibo
See More Analyst Rating at: RATING