Bilibili Inc. (NASDAQ: BILI) stock fell -0.94% on Monday to $13.67 against a previous-day closing price of $13.80. With 2.84 million shares changed hands, the volume of the stock remained lighter than its average volume of 6.25 million shares. During the session, the Electronic Gaming & Multimedia company that operates in wider Communication Services sector, reached to the highest price of $13.80 whereas the lowest price it dropped to was $13.41. The 52-week range on BILI shows that it touched its highest point at $29.46 and its lowest point at $8.23 during that stretch. It currently has a 1-year price target of $21.21. Beta for the stock currently stands at 1.12.
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 -2.70%, but this was down by -10.94% over a month. Three-month performance dropped to -21.75% while six-month performance fell -38.37%. The stock lost -24.77% in the past year, while it has lost -42.30% so far this year. A look at the trailing 12-month EPS for BILI yields -1.84 with Next year EPS estimates of -0.28. For the next quarter, that number is -0.26. This implies an EPS growth rate of -6.20% for this year and 75.20% for next year.
Float and Shares Shorts:
At present, 413.45 million BILI shares are outstanding with a float of 398.07 million shares on hand for trading. On Aug 30, 2023, short shares totaled 22.49 million, which was 5.47% higher than short shares on Jul 30, 2023. 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 21.86% of BILI’s outstanding shares, institutional investors have minority control over the company.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Jun 29, 2023, BILI reported revenue of $4.91B and operating income of -$2.19B. The EBITDA in the recently reported quarter was -$1.99B and diluted EPS was -$5.08.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for BILI since 0 analysts follow the stock currently. 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 $255.83 and a low target of $89.91, the average target price over the next 12 months is $151.24. Based on these targets, BILI could surge 1771.47% to reach the target high and rise by 557.72% to reach the target low. Reaching the average price target will result in a growth of 1006.36% 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.