Bilibili Inc. (NASDAQ:BILI) does about 5.80M shares in volume on a normal day but saw 5648805 shares change hands in Monday trading. The company now has a market cap of 16.05B USD. Its current market price is $46.12, marking an increase of 2.51% compared to the previous close of $44.99. The 52 week high reached by this stock is $51.25 whilst the lowest price level in 52 weeks is $13.23. The script in recent trading has seen the stock touch a high of $48.34 and a low of $45.635.
Bilibili Inc. (BILI) has a 20-day trading average at $43.31 and the current price is -10.01% off the 52-week high compared with 248.60% distance from its 52-week low. The 50-day simple moving average of the closing price is $43.62 and its 200-day simple moving average is $29.22. If we look at the stock’s price movements over the week, volatility stands at 3.49%, which increases to 4.11% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 60.00 to suggest the stock is neutral.
22 analysts observing the Bilibili Inc. (BILI) stock have set the 12-month price targets for the company’s shares at between $36.00 and $60.00. The consensus objective for the share price is $44.25, suggesting that the stock has a potential downside of -4.23% over the period. The median price target is 1.45% away from the current levels at $46.80.
FactSet Research has provided data showing that 22 brokerages have issued ratings for the stock. 0 analysts have rated it as a sell, while 1 advise that it is a overweight. 20 analysts have rated it as a buy and 1 have advised that investors hold their positions. The consensus recommendation rating is Buy and Wall Street’s advice is for investors to Strong Buy the stock.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on May 27, 2020 when Morgan Stanley upgraded the stock to “Overweight” and issued a price target of. JP Morgan also upgraded the stock to “Overweight” from Neutral on May 21, 2020 at a price target of $42. Morgan Stanley downgraded its price target at $24.
The current price level is 7.09%, 6.23%, and 58.67% away from its SMA20, SMA50, and SMA200 respectively, with the BILI price moving above the 50-day SMA on August 24. Bilibili Inc. (BILI) stock is up 6.05% over the week and 15.01% over the past month. Its price is 147.69% year-to-date and 213.74% over the past year.
The stock last released its quarterly earnings report for quarter ended 3/30/2020, with the company’s earnings per share (EPS) of -$0.2 below consensus estimates by -$0.04. The company’s next earnings report is expected on 08/26/2020, with forecasts estimating quarterly EPS at -$0.22 and -$0.82 for whole year. BILI’s earnings per share are forecast to shrink by -74.50% this year and 43.90% over next year. Expected sales for next quarter are $425.63 million, which analysts say will come at $1.59 billion for the current fiscal year and next year at $2.24 billion. In addition, estimates put the company’s current quarterly revenue at an average of $368.47 million.
Its 12-month price target is $46.80. To reach the target analysts have set, the stock logically needs to shrink -4.23 percent from here. Of course, the average price target is just what the average analysts believe a stock will be worth in the next 52 weeks, and is only one metric. There are analysts with lower targets than the average, including one bearish Wall Street research firm advocating investors to wait for the price to pull back to $36.00, given the recent momentum. And then, on the bullish side of things, one analyst is expecting the stock to peak at $60.00.
Outstanding shares total 329.44M with insiders holding 22.40% of the shares and institutional holders owning 37.72% of the company’s common stock. The company has a return on investment of -14.60% and return on equity of -22.30%. Price to book ratio is 15.90 and price to sales ratio is 14.38.
According to a U.S. Securities and Exchange Commission filing, Fidelity Inv Trust – Emerging Ma has added its position in Bilibili Inc. (BILI) to 5,812,558 shares, mirroring a recent increase by 3.75%. Fidelity Inv Trust – Emerging Ma added 0.21 million shares of Bilibili Inc. common stock bringing its total worth to about $253.31 million at the end of recent close, SEC documents show. Fidelity Inv Trust – Emerging Ma isn’t the only investment manager who changed stakes and is followed by Vanguard Total International Stoc, which sold off 2199.0 shares to end up with 2,434,866 shares worth $106.11 million. Wells Fargo Emerging Markets Equi cut their holdings by 0.00% in the company over the course of the most recent quarter. It now holds a 0.92% position in Bilibili Inc. thanks to 2.42 million shares amounting to $105.48 million.