Weibo Corp ADR (NASDAQ: WB) Stock Declined -0.26% Last Week – That’s Proof That Its Volatility Isn’t Going Anywhere

Weibo Corp ADR (NASDAQ:WB) does about 2.50M shares in volume on a normal day but saw 1547665 shares change hands in Friday’s trading. The company now has a market cap of 1.50B USD. Its current market price is $9.65, marking a decrease of -0.36% compared to the previous close of $9.68. The 52 week high reached by this stock is $15.09 whilst the lowest price level in 52 weeks is $7.12.

Weibo Corp ADR (WB) has a 20-day trading average at $8.73 and the current price is -36.07% off the 52-week high compared with 35.45% distance from its 52-week low. The 50-day simple moving average of the closing price is $8.93 and its 200-day simple moving average is $10.69. If we look at the stock’s price movements over the week, volatility stands at 3.73%, which increases to 3.91% 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 63.32 to suggest the stock is neutral.

The consensus objective for the share price is $12.02, suggesting that the stock has a potential upside of 19.72% over the period.

UBS upgraded the stock to “Buy” from Neutral on March 19, 2024 at a price target of $11.50. BofA Securities downgraded its price target at $19.50-$10.

Weibo Corp ADR (WB) stock is down -0.26% over the week and 17.62% over the past month. Its price is -3.02% year-to-date and -27.08% over the past year.

To reach the target analysts have set, the stock logically needs to grow 19.72 percent from here.

The company has a return on investment of 6.47% and return on equity of 10.18%. The price to earnings ratio (P/E ratio) amounts to 6.74 while the forward price to earnings ratio is 4.82. The beta has a value of 0.25. Price to book ratio is 0.44 and price to sales ratio is 0.85.