How far has the stock of Weibo Corporation (NASDAQ:WB) come to trade at their current price of $78.60, which gives it a market cap of $17.19B.
To trade now at $78.60, the stock has emerged from a 52-week low of $255.17%. But the current price also compares with the 52-week peak of $22.89%.
The Barchart Technical Opinion rating is a 100% Buy with a Strongest short term outlook on maintaining the current direction. Longer term, the trend strength is in the Top 1%. Long term indicators fully support a continuation of the trend. The market is in highly overbought territory. Beware of a trend reversal.
Recently, Weibo Corporation (NASDAQ:WB) announced its unaudited financial results for the first quarter ended March 31, 2017.
The stock?s journey to the current price can be understood by looking at its performance from the last week down to the 12 months. The stock’s weekly performance stands at 28.79% and its monthly performance is 55.77%. For the quarter, the stock has moved 43.25% and for half-year it has shifted 73.09%. So far this year the stock has moved 233.76% and for the last 12 months it has moved 93.60%.
Studying simple moving averages also tell the stock’s journey thus far. The 20-Day Simple Moving Average is $39.33%, the 50-Day Simple Moving Average is $49.08%, while the 200-Day Simple Moving Average is $60.97%.
In terms of financial performance, Weibo Corporation reported gross margin of 73.90% for the trailing 12 months and operating margin of 21.50% for the same period. Net profit margin was booked at 16.50%. With that, Weibo Corporation posted EPS of $0.48.
Weibo Corporation’s P/Cash for the most recent quarter is 43.41. For perspective, payout ratio provides insight into a company’s ability to sustain dividend distributions. As such, a lower payout ratio is preferred to a higher payout ratio is it implies a company is preserving more cash for investments and other needs that it releases to shareholders.
That said, Weibo Corporation has P/E of 162.73 and PEG of 2.54. EPS growth this year is expected to be 204.00% and Forward P/E is calculated to 40.12.
