Webtoon Entertainment Inc [WBTN] stock prices are up 7.65% to $11.96 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The WBTN shares have gain 13.90% over the last week, with a monthly amount glided 6.22%, 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 September 04, 2024, when HSBC Securities initiated its Buy rating and assigned the stock a price target of $23. Previously, Morgan Stanley started tracking the stock with Equal-Weight rating on July 22, 2024, and set its price target to $23. On July 22, 2024, JP Morgan initiated with a Neutral rating and assigned a price target of $23 on the stock. Goldman started tracking the stock assigning a Buy rating and suggested a price target of $62 on July 22, 2024. Evercore ISI initiated its recommendation with a Outperform and recommended $30 as its price target on July 22, 2024. Deutsche Bank started tracking with a Buy rating for this stock on July 22, 2024, and assigned it a price target of $25.
The stock price of Webtoon Entertainment Inc [WBTN] has been fluctuating between $10.05 and $25.66 over the past year. 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 $11.96 at the most recent close of the market. An investor can expect a potential return of 220.48% based on the average WBTN price forecast.
Analyzing the WBTN fundamentals
The Webtoon Entertainment Inc [NASDAQ:WBTN] reported sales of 1.33B for trailing twelve months, representing a surge of 9.49%. Gross Profit Margin for this corporation currently stands at 0.25% with Operating Profit Margin at -0.03%, Pretax Profit Margin comes in at -0.12%, and Net Profit Margin reading is -0.12%. To continue investigating profitability, this company’s Return on Assets is posted at -0.08, Equity is -0.12 and Total Capital is -0.02. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.01.
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 11.28 points at the first support level, and at 10.60 for the second support level. However, for the 1st resistance point, the stock is sitting at 12.32, and for the 2nd resistance point, it is at 12.68.
Ratios To Look Out For
It’s worth pointing out that Webtoon Entertainment Inc [NASDAQ:WBTN]’s Current Ratio is 2.49. On the other hand, the Quick Ratio is 2.49, and the Cash Ratio is 1.65. Considering the valuation of this stock, the price to sales ratio is 1.15, the price to book ratio is 0.95.
Transactions by insiders
Recent insider trading involved Kim Namsun, Director, that happened on Aug 21 ’24 when 7195.0 shares were purchased., Kim Junkoo completed a deal on Aug 16 ’24 to buy 22596.0 shares. Meanwhile, Kim Junkoo bought 18935.0 shares on Aug 19 ’24.
