(VIANEWS) – The NASDAQ ended the session with Weibo rising 10.51% to $25.14 on Wednesday, after three sequential sessions in a row of losses. NASDAQ jumped 2% to $11,816.32, following the last session’s upward trend on what was an all-around bullish trend trading session today.
Weibo’s last close was $22.75, 35.3% under its 52-week high of $35.16.
About Weibo
Weibo Corporation, through its subsidiaries, operates as a social media platform for people to create, distribute, and discover content in the People's Republic of China. It operates in two segments, Advertising and Marketing Services; and Value-Added Services. The company offers discovery products to help users discover content on its platform; self-expression products that enable its users to express themselves on its platform; and social products to promote social interaction between users on its platform. It also provides advertising and marketing solutions, such as social display advertisements; and promoted marketing offerings, such as Fans Headline and Weibo Express, as well as promoted trends and search products that appear alongside user's trends discovery and search behaviors. In addition, the company offers products, such as trends, search, video/live streaming, and editing tools; content customization, copyright contents pooling, and user interaction development; and search list recommendation, trends list recommendation, and Weibo app opening advertisements. Further, it provides back-end management, traffic support, and product solutions to MCNs, unions, and e-commerce partners; open application platform for other app developers that allows users to log into third-party applications with their Weibo account for sharing third-party content on its platform; and Weibo Wallet, a product that enables platform partners to conduct interest generation activities on Weibo, such as handing out red envelops and coupons. The company was formerly known as T.CN Corporation and changed its name to Weibo Corporation in 2012. The company was founded in 2009 and is headquartered in Beijing, China. Weibo Corporation is a subsidiary of Sina Corporation.
Earnings Per Share
As for profitability, Weibo has a trailing twelve months EPS of $1.38.
PE Ratio
Weibo has a trailing twelve months price to earnings ratio of 18.22. Meaning,
the purchaser of the share is investing $18.22 for every dollar of annual earnings.
The company’s return on equity, which measures the profitability of a business relative to shareholder’s equity, for the twelve trailing months is 7.19%.
Stock Price Classification
According to the stochastic oscillator, a useful indicator of overbought and oversold conditions,
Weibo’s stock is considered to be overbought (>=80).
Volume
Today’s last reported volume for Weibo is 1652190 which is 4.13% above its average volume of 1586520.
More news about Weibo (WB).
