A share price of Webtoon Entertainment Inc. [WBTN] is currently trading at $21.00, up 5.79%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The WBTN shares have gain 2.29% over the last week, with a monthly amount glided 1.11%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Webtoon Entertainment Inc. [NASDAQ: WBTN] stock has seen the most recent analyst activity on July 22, 2024, when Morgan Stanley initiated its Equal-Weight rating and assigned the stock a price target of $23. Previously, JP Morgan started tracking the stock with Neutral rating on July 22, 2024, and set its price target to $23. On July 22, 2024, Goldman initiated with a Buy rating and assigned a price target of $62 on the stock. Evercore ISI started tracking the stock assigning a Outperform rating and suggested a price target of $30 on July 22, 2024. Deutsche Bank initiated its recommendation with a Buy and recommended $25 as its price target on July 22, 2024.
Webtoon Entertainment Inc. experienced fluctuations in its stock price throughout the past year between $17.52 and $25.66. Currently, Wall Street analysts expect the stock to reach $38.33 within the next 12 months. Webtoon Entertainment Inc. [NASDAQ: WBTN] shares were valued at $21.00 at the most recent close of the market. An investor can expect a potential return of 82.52% based on the average WBTN price forecast.
Analyzing the WBTN fundamentals
Trailing Twelve Months sales for Webtoon Entertainment Inc. [NASDAQ:WBTN] were 1.30B which represents 5.31% growth.
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 20.09 points at the first support level, and at 19.18 for the second support level. However, for the 1st resistance point, the stock is sitting at 21.54, and for the 2nd resistance point, it is at 22.08.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Webtoon Entertainment Inc. [NASDAQ:WBTN] is 1.56. As well, the Quick Ratio is 1.56. Considering the valuation of this stock, the price to sales ratio is 2.05, the price to book ratio is 2.17.
