WB Stock Summary and Trading Ideas (Weibo - American Depositary Shares | NASDAQ:WB)

Weibo Corp is a China-based company mainly engaged in the social media advertising business for people to create, discover and distribute content. The Company's activities include Advertising and Marketing, which mainly provides a full range of advertising customization and marketing solutions. The Value-added Services mainly provide 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.

Weibo - American Depositary Shares trades on the NASDAQ stock market under the symbol WB.

As of April 25, 2024, WB stock price declined to $8.44 with 336,176 million shares trading.

WB has a beta of 0.62, meaning it tends to be less sensitive to market movements. WB has a correlation of 0.03 to the broad based SPY ETF.

WB has a market cap of $2.05 billion. This is considered a Mid Cap stock.

Last quarter Weibo - American Depositary Shares reported $464 million in Revenue and $.31 earnings per share. This beat revenue expectation by $9 million and missed earnings estimates by -$.18.

In the last 3 years, WB stock traded as high as $64.70 and as low as $7.58.

The top ETF exchange traded funds that WB belongs to (by Net Assets): KWEB, VWO, VXUS, IEMG, KOMP.

WB stock has underperformed the market in the last year with a return of -38.1%, while SPY returned +22.7%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in WB shares. However, WB has outperformed the market in the last 3 month and 2 week periods, returning +6.8% and +14.0%, while SPY returned +3.3% and -2.8%, respectively. This indicates WB has been having a stronger performance recently.

WB support price is $8.26 and resistance is $8.80 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that WB stock will trade within this expected range on the day.