(VIANEWS) – The NASDAQ ended the session with Weibo rising 8.69% to $17.63 on Wednesday, after five consecutive sessions in a row of losses. NASDAQ rose 2.05% to $11,051.64, following the last session’s upward trend on what was an all-around positive trend trading session today.

Weibo’s last close was $16.22, 68.84% under its 52-week high of $52.05.

About Weibo

Through its subsidiaries, Weibo Corporation operates as a social platform that allows people to share, discover, and create content in China’s People’s Republic of China. The company operates in two main segments: Advertising and Marketing Services and Value-Added Services. It offers discovery products, self-expression products and social products for users who want to share their content. The company also offers advertising and marketing services, including social display ads; promoted marketing offerings such as Fans Headline, Weibo Express and Fans Headline. It also promotes search products and trends that are displayed alongside users’ search behavior and trends discovery. The company also offers products such as trend, search, live streaming and editing tools, content customization and copyright contents pooling and user interaction development. It also provides search list recommendation and trends list recommendation. Weibo opens advertisements. It also provides traffic support and back-end management. The original name of the company was T.CN Corporation. It changed its name in 2012 to Weibo Corporation. It was established in Beijing, China in 2009. Sina Corporation has a subsidiary called Weibo 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 12.78. Meaning,
the purchaser of the share is investing $12.78 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 8.79%.

Sales Growth

Weibo’s sales growth is negative 22.9% for the present quarter and negative 11.7% for the next.

Volume

Today’s last reported volume for Weibo is 720465 which is 14.17% below its average volume of 839465.

Growth Estimates Quarters

The company’s growth estimates for the present quarter and the next is a negative 46.8% and a negative 27.8%, respectively.

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).

More news about Weibo (WB).

LEAVE A REPLY

Please enter your comment!
Please enter your name here