Is Weibo a good stock to buy?

Weibo has 34.70% upside potential, based on the analysts' average price target. Weibo has a consensus rating of Hold which is based on 4 buy ratings, 4 hold ratings and 2 sell ratings. The average price target for Weibo is $11.14.

What affects stock prices?

By this we mean that share prices change because of supply and demand . If more people want to buy a stock (demand) than sell it (supply), then the price moves up. Conversely, if more people wanted to sell a stock than buy it, there would be greater supply than demand, and the price would fall.

What happened to Weibo stock?

What happened to Weibo's price movement after its last earnings report? Weibo reported an EPS of $0.41 in its last earnings report, beating expectations of $0.361. Following the earnings report the stock price went down -0.902% .

Why are Chinese stocks so low?

China's well-documented economic struggles have led to broad declines in its stock markets over the past year, as growth was weighed down by a slump in real estate and exports . The Chinese government is targeting 5% growth in 2024, having notched 5.2% in 2023.

What is the best Chinese stock to buy right now?

The Best Chinese Stocks to Buy Yum China Holdings Inc. (YUMC) Tencent Holdings Ltd ADR. (TCEHY) Baidu Inc ADR. (BIDU) Alibaba Group Holding Ltd ADR. (BABA) JD.com Inc ADR. (JD) Apr 12, 2024

Key Financial Results Net income: US$342.6m (up 300% from FY 2022). Profit margin: 20% (up from 4.7% in FY 2022) . The increase in margin was driven by lower expenses. EPS: US$1.45 (up from US$0.36 in FY 2022).

What is the best social media stock to buy?

Stocks mentioned GOOG +0.92% GOOGL +0.93% MSFT +0.22% 5 days ago

Is Weibo undervalued?

The company's price-to-earnings (P/E) ratio stands at only 7 times, far below social media giants such as Meta (META), Snap (Snap.US) and Kuaishou with ratios ranging between 32 and 142 times. Investment banks and brokerages mostly consider Weibo to be undervalued .

Why Weibo Corp (ADR)’s (WB) Stock Is Down 4.84% (2024)

Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate Weibo Corp (ADR) before investing.

In this article, we go over a few key elements for understanding Weibo Corp (ADR)’s stock price such as:

Weibo Corp (ADR)’s current stock price and volume
Why Weibo Corp (ADR)’s stock price changed recently
Upgrades and downgrades for WB from analysts
WB’s stock price momentum as measured by its relative strength

About Weibo Corp (ADR) (WB)

Before we jump into Weibo Corp (ADR)’s stock price, history, target price and what caused it to recently dip, let’s take a look at some background.

Weibo Corp is a China-based company mainly engaged in social media advertising business. The Company operates two segments. Advertising and Marketing segment mainly provides a full range of advertising customization and marketing solutions. Value-added Services segment mainly provides services such as membership services on social platforms, online games, live broadcasts, social e-commerce and others. The Company's main product is the social platform Weibo.

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Weibo Corp (ADR)’s Stock Price as of Market Close

As of March 18, 2024, 4:00 PM, CST, Weibo Corp (ADR)’s stock price was $9.43.

Weibo Corp (ADR) is down 4.84% from its previous closing price of $9.91.

During the last market session, Weibo Corp (ADR)’s stock traded between $9.36 and $9.93. Currently, there are 236.31 million shares of Weibo Corp (ADR) stock available for purchase.

Weibo Corp (ADR)’s price-earnings (P/E) ratio is currently at 5.8, which is low compared to the Online Services industry median of 25.3. The price-earnings ratio gauges market expectation of future performance by relating a stock’s current share price to its earnings per share.

Weibo Corp (ADR) Stock Price History

Weibo Corp (ADR)’s (WB) price is currently up 3.4% so far this month.

During the month of March, Weibo Corp (ADR)’s stock price has reached a high of $10.29 and a low of $8.08.

Over the last year, Weibo Corp (ADR) has hit prices as high as $21.58 and as low as $7.84. Year to date, Weibo Corp (ADR)’s stock is down 50.68%.

What Caused Weibo Corp (ADR) Stock’s Price to Dip?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of March 15, 2024, there was 1 analyst who downgraded Weibo Corp (ADR)’s stock and 0 analysts who upgraded over the last month.

Additionally, you'll want to evaluate Weibo Corp (ADR)’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on Weibo Corp (ADR)’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

Weibo Corp (ADR)’s current valuation based on AAII’s Value Grade is a A, which means it is considered to be Deep Value.

Learn how to evaluate stocks with AAII Grades and Scores with A+ Investor today.

Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about Weibo Corp (ADR) (WB) by visiting AAII Stock Evaluator.

Relative Price Strength of Weibo Corp (ADR)

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of March 15, 2024, Weibo Corp (ADR) has a weighted four-quarter relative price strength of -15.40%, which translates to a Momentum Score of 23 and is considered to be Weak.

Want to learn more about how Weibo Corp (ADR) is graded based on AAII’s composite scores for value, growth, quality and earnings estimate revisions? Subscribe to A+ Investor today.

Weibo Corp (ADR) Stock Price: Bottom Line

As of March 18, 2024, Weibo Corp (ADR)’s stock price is $9.43, which is down 4.84% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like Weibo Corp (ADR) stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

Subscribing to AAII's A+ Investor provides access to comprehensive analytics and insights for confident investing.