Bilibili Inc. (NASDAQ: BILI) stock jumped 3.11% on Monday to $26.18 against a previous-day closing price of $25.39. With 5.67 million shares changed hands, the volume of the stock remained lighter than its average volume of 12.79 million shares. During the session, the Electronic Gaming & Multimedia company that operates in wider Communication Services sector, reached to the highest price of $26.81 whereas the lowest price it dropped to was $25.48. The 52-week range on BILI shows that it touched its highest point at $39.81 and its lowest point at $8.23 during that stretch. It currently has a 1-year price target of $26.24. Beta for the stock currently stands at 1.03.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of BILI was down-trending over the past week, with a drop of -6.40%, but this was up by 18.03% over a month. Three-month performance surged to 136.50% while six-month performance rose 2.31%. The stock lost -33.44% in the past year, while it has gained 10.51% so far this year. A look at the trailing 12-month EPS for BILI yields -3.03 with Next year EPS estimates of -1.45. For the next quarter, that number is -0.52. This implies an EPS growth rate of -105.20% for this year and 44.00% for next year.
Float and Shares Shorts:
At present, 395.06 million BILI shares are outstanding with a float of 316.76 million shares on hand for trading. On Oct 13, 2022, short shares totaled 30.37 million, which was 7.71% higher than short shares on Sep 14, 2022. In addition to Mr. Rui Chen as the firm’s Chairman & CEO, Ms. Ni Li serves as its Vice Chairman of Directors & COO.
Through their ownership of 30.05% of BILI’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 16.36% of BILI, in contrast to 10.97% held by mutual funds. Shares owned by individuals account for –. As the largest shareholder in BILI with 4.76% of the stake, Fidelity Management & Research Co holds 14,760,345 shares worth 14,760,345. A second-largest stockholder of BILI, Yiheng Capital Management LP, holds 10,250,171 shares, controlling over 3.31% of the firm’s shares. Alibaba Group Holding Ltd. is the third largest shareholder in BILI, holding 10,000,000 shares or 3.23% stake. With a 2.03% stake in BILI, the Fidelity Inv. Trust – Emerging Ma is the largest stakeholder. A total of 6,279,124 shares are owned by the mutual fund manager. The Artisan Developing World Fund, which owns about 1.36% of BILI stock, is the second-largest Mutual Fund holder. It holds 4,201,661 shares valued at 99.54 million. Government Pension Fund – Global holds 1.16% of the stake in BILI, owning 3,585,988 shares worth 84.95 million.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for BILI since 46 analysts follow the stock currently. There are 28 analysts who recommend BUY ratings, while 2 suggest SELL ratings. Of the remaining analysts, 11 believe that the stock is worth HOLDING, 5 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With BILI analysts setting a high price target of $270.87 and a low target of $91.36, the average target price over the next 12 months is $176.25. Based on these targets, BILI could surge 934.64% to reach the target high and rise by 248.97% to reach the target low. Reaching the average price target will result in a growth of 573.22% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. BILI will report FY 2022 earnings on 02/29/2024. Analysts have provided yearly estimates in a range of -$15.33 being high and -$21.32 being low. For BILI, this leads to a yearly average estimate of -$17.73. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. Bilibili Inc. surprised analysts by $0.02 when it reported -$0.62 EPS against a consensus estimate of -$0.64. The surprise factor in the prior quarter was -$0.08. Based on analyst estimates, the high estimate for the next quarter is -$2.49 and the low estimate is -$4.75. The average estimate for the next quarter is thus -$3.54.