With 0.95 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.1 million shares. The 52-week range on WB shows that it touched its highest point at $24.04 and its lowest point at $9.42 during that stretch. It currently has a 1-year price target of $19.65. Beta for the stock currently stands at 0.59.
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 WB was down-trending over the past week, with a drop of -2.92%, but this was down by -9.53% over a month. Three-month performance dropped to -16.58% while six-month performance fell -22.76%. The stock lost -29.75% in the past year, while it has lost -33.46% so far this year. A look at the trailing 12-month EPS for WB yields 1.30 with Next year EPS estimates of 2.35. For the next quarter, that number is 0.55. This implies an EPS growth rate of -80.50% for this year and 10.80% for next year. EPS is expected to grow by 5.60% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -25.40%.
Float and Shares Shorts:
At present, 235.36 million WB shares are outstanding with a float of 138.45 million shares on hand for trading. On Aug 30, 2023, short shares totaled 4.2 million, which was 1.79% higher than short shares on Jul 30, 2023. In addition to Mr. Gaofei Wang as the firm’s CEO & Director, Ms. Fei Cao serves as its Chief Financial Officer.
Through their ownership of 45.15% of WB’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 30.16% of WB, in contrast to 19.15% held by mutual funds. Shares owned by individuals account for –. As the largest shareholder in WB with 6.10% of the stake, Alibaba Group Holding Ltd. holds 9,000,000 shares worth 9,000,000. A second-largest stockholder of WB, ARGA Investment Management LP, holds 5,673,694 shares, controlling over 3.85% of the firm’s shares. Allspring Global Investments LLC is the third largest shareholder in WB, holding 5,024,561 shares or 3.41% stake. With a 2.08% stake in WB, the Hermes Invt. Funds – Asia is the largest stakeholder. A total of 3,062,620 shares are owned by the mutual fund manager. The KraneShares CSI China Internet ET, which owns about 2.03% of WB stock, is the second-largest Mutual Fund holder. It holds 2,988,328 shares valued at 38.55 million. Government Pension Fund – Global holds 1.44% of the stake in WB, owning 2,126,632 shares worth 27.43 million.
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, WB reported revenue of $450.15M and operating income of $104.11M. The EBITDA in the recently reported quarter was $139.97M and diluted EPS was $0.12.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for WB 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 WB analysts setting a high price target of $26.50 and a low target of $14.20, the average target price over the next 12 months is $19.49. Based on these targets, WB could surge 121.57% to reach the target high and rise by 18.73% to reach the target low. Reaching the average price target will result in a growth of 62.96% 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.