Currently, Weibo Corporation [WB] is trading at $22.28, up 1.18%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The WB shares have gain 7.68% over the last week, with a monthly amount glided 25.88%, and seem to be holding up well over a long-time horizon.
On 17, November 2022, Weibo Reports Third Quarter 2022 Unaudited Financial Results. In a post published today on Yahoo Finance, Weibo Corporation (“Weibo” or the “Company”) (NASDAQ: WB and HKEX: 9898), a leading social media in China, today announced its unaudited financial results for the third quarter ended September 30, 2022.
From an analyst’s perspective:
Weibo Corporation [NASDAQ: WB] stock has seen the most recent analyst activity on January 09, 2023, when Goldman upgraded its rating to a Buy but kept the price target unchanged to $25 for it. On March 11, 2022, downgrade downgraded it’s rating to Neutral and revised its price target to $27.80 on the stock. Credit Suisse upgraded its rating to a Outperform and increased its price target to $56 on August 19, 2021. CLSA upgraded its rating to a Buy. Barclays downgraded its rating to Equal Weight for this stock on April 22, 2020, and downed its price target to $40. In a note dated November 15, 2019, CLSA downgraded an Outperform rating on this stock.
This stock has fluctuated between a low of $10.02 and a high of $35.16 over the last 52 weeks. Currently, Wall Street analysts expect the stock to reach $21.47 within the next 12 months. Weibo Corporation [NASDAQ: WB] shares were valued at $22.28 at the most recent close of the market. An investor can expect a potential drop of -3.64% based on the average WB price forecast.
Analyzing the WB fundamentals
Recent quarter sales for Weibo Corporation [NASDAQ:WB] were 3.56 billion which represents -25.30% decline. In this publicly-traded organization, revenue per employee is $2,854,065, while income per employee is $541,606. Gross Margin for this corporation currently stands at +82.11% with Operating Margin at +30.90%, Pretax Margin comes in at +23.77%, and Net Margin reading is +18.98%. To continue investigating profitability, this company’s Return on Assets is posted at 6.18, Equity is 13.36, Total Capital is 12.12, and Invested Capital is 8.21. Taking a look at the Principal structure of this organization reveals enduring liabilities to the total capital at 40.98 and enduring liabilities to the whole assets at 33.18.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 22.00 points at the first support level, and at 21.71 for the second support level. However, for the 1st resistance point, the stock is sitting at 22.53, and for the 2nd resistance point, it is at 22.77.
Weibo Corporation [WB] reported earnings per share of $0.46 for its fiscal quarter that ended on 6/29/2022. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.43/share, meaning a difference of $0.03 and a surprise factor of 7.00%. By comparison, the stated earnings for the previous quarter ended on 3/30/2022 were $0.56 per share as compared to estimates of $0.46 per share, a difference of $0.1 representing a surprise of 21.70%.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Weibo Corporation [NASDAQ:WB] is 2.30. Also, the Quick Ratio is 2.22, while the Cash Ratio stands at 1.45.