Morgan Stanley raised the price target for the Weidai Ltd. (NYSE:WEI) stock from “an Overweight” to “an Underweight”. The rating was released on January 21, 2020.
Even if you’re not actively in crypto, you deserve to know what’s actually going on...
Because while leading assets such as Bitcoin (BTC) and Ethereum (ETH) are climbing in value, a select group of public “crypto stocks” are surging right along with them. More importantly, these stocks are outpacing the returns these leading crypto assets aren already producing.
Click here to get the full story… along with our long list of backdoor Bitcoin strategies. It’s free. .
Historical Earnings Surprises and Revenue Forecasts
Profit is the most critical financial performance measure. Every investor in a business is looking forward to the earnings report as stock price to increase when earnings exceed market expectations and progressively decrease when earnings do not meet expectations. The firm reported an earnings per share (EPS) of -$0.16 during the last quarter as opposed to a consensus estimate of $0.22, which indicates the company missed its estimate by -$0.38, which implies that the company surprised the market by -172.70%. It appears that the average earnings per share estimate for the current quarter (ending in Mar 2020) is $0. This is an average of 0 analysts’ earnings, where the high earnings per share estimate is $0 and the low earnings per share estimate is $0.
The latest trade, Performances and Moving Averages give us the following Picture
The share price of Weidai Ltd. (NYSE:WEI) raised 7.09% to close Tuesday’s market session at $1.51, higher as compared to yesterday’s close. The stock price fluctuated between $1.42 and $1.76 throughout the trading session with the volume trading being 16578784 shares, which represented a significant variation when compared to the three months average volume of 1.36 million shares. The firm’s stock price fluctuated 10.22% within the last five trades and 12.69% within the last 30 trades, which was a significant change from the beginning of this year. Despite the fact that the share price increased 84.12% in the last 6 months and 11.03% was added to its value over the previous 3 months. WEI stock is trading at a margin of -0.18%, -10.04% and 4.42% apart from the 20-Day, 50-Day and 200-Day Simple Moving Average prices.
As of the close of trading, WEI deals in the Technology domain. The stock is trading -72.50 percent below its 52-week high and 106.85 percent above its 52-week low. For example, looking both at the price and the high and low measurements of 52 weeks will give you a clearer picture of the direction the price is heading. The firm’s Weighted Alpha is -50.88. A positive weighted alpha indicates the firm has done well over the course of the year, whereas one below 0 indicates that the firm has done poorly.
What Does Weidai Ltd.’s Profitability and Valuation Ratios Tell Us About the Stock?
With regard to the profitability of the company, the operating margin is currently at -26.20 percent and the profit margin is -45.60 percent, and the company has reported a gross margin of 49.50 percent. The profit margin, also known as the revenue ratio or gross profit ratio, is an efficiency figure used to estimate the business’s profitability by comparing net income and sales. The higher the number, the more profits are generated for the company and vice versa.
The stock’s market cap achieved a total value of $99.77 million as of the last trading session. Market capitalization is the total value of all outstanding shares of a corporation and it is used to measure a company’s market value. Forward price-to-earnings is calculated using predicted earnings for the next financial year’s P/E determination. The stock has achieved an effective Price-to-Sales Ratio of 0.42 that mirrors the cost to be found for sales by the market. The firm managed a Price-to-Book ratio of 0.45, which equates the market value of a stock with its book value.