82.04% percent quarterly performance for Weibo Corporation (WB) is not indicative of the underlying story

Weibo Corporation (NASDAQ: WB) kicked off on January 24, 2023, at the price of $22.04, up 0.09% from the previous trading day. During the day, the shares moved up to $22.458 and dropped to $22.01 before settling in for the closing price of $22.28. Over the past 52 weeks, WB has traded in a range of $10.02-$35.16.

Will You Miss Out On This Growth Stock Boom?

A new megatrend in the fintech market is well underway. Mobile payments are projected to boom into a massive $12 trillion market by 2028. According to Motley Fool this growth stock could "deliver huge returns." Not only in the immediate future but also over the next decade. Especially since the man behind this company is a serial entrepreneur who has been wildly successful over the years.

And this is just one of our 5 Best Growth Stocks To Own For 2023.


Communication Services Sector giant saw their annual sales surged by 28.00% over the last five years. While this was happening, its average annual earnings per share was recorded 35.20%. With a float of $139.47 million, this company’s outstanding shares have now reached $235.89 million.

The firm has a total of 6147 workers. Let’s measure their productivity. In terms of profitability, gross margin is +82.11, operating margin of +30.90, and the pretax margin is +23.77.

Weibo Corporation (WB) Insider Activity

Our next focus will be how large-scale investors are participating in this stock of the Internet Content & Information Industry. The insider ownership of Weibo Corporation is 6.06%, while institutional ownership is 39.50%.

Weibo Corporation (WB) Earnings and Forecasts

In the latest quarterly report, which was put into the public domain on 6/29/2022, the organization reported $0.46 earnings per share (EPS), higher than consensus estimate (set at $0.43) by $0.03. This company achieved a net margin of +18.98 while generating a return on equity of 13.36. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.59 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around 35.20% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will plunge by -7.85% during the next five years compared to 30.90% growth over the previous five years of trading.

Weibo Corporation (NASDAQ: WB) Trading Performance Indicators

Take a look at Weibo Corporation’s (WB) current performance indicators. Last quarter, stock had a quick ratio of 2.30. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.45.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.26, a number that is poised to hit 0.52 in the next quarter and is forecasted to reach 2.21 in one year’s time.

Technical Analysis of Weibo Corporation (WB)

Analysing the last 5-days average volume posted by the [Weibo Corporation, WB], we can find that recorded value of 1.28 million was lower than the volume posted last year of 2.24 million. As of the previous 9 days, the stock’s Stochastic %D was 90.98%. Additionally, its Average True Range was 0.98.

During the past 100 days, Weibo Corporation’s (WB) raw stochastic average was set at 98.48%, which indicates a significant increase from 94.66% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 37.75% in the past 14 days, which was lower than the 77.74% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $17.66, while its 200-day Moving Average is $18.90. Now, the first resistance to watch is $22.50. This is followed by the second major resistance level at $22.70. The third major resistance level sits at $22.95. If the price goes on to break the first support level at $22.05, it is likely to go to the next support level at $21.81. Should the price break the second support level, the third support level stands at $21.61.

Weibo Corporation (NASDAQ: WB) Key Stats

The company with the Market Capitalisation of 4.91 billion has total of 236,553K Shares Outstanding. Its annual sales at the moment are 2,257 M in contrast with the sum of 428,320 K annual income. Company’s last quarter sales were recorded 453,560 K and last quarter income was -17,140 K.


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