Stocks of Webtoon Entertainment Inc (WBTN) are poised to climb above their peers

With 0.63 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.42 million shares. During the session, the Software – Application company that operates in wider Technology sector, reached to the highest price of $12.365 whereas the lowest price it dropped to was $11.425. The 52-week range on WBTN shows that it touched its highest point at $25.66 and its lowest point at $10.22 during that stretch. It currently has a 1-year price target of $26.43.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of WBTN was up-trending over the past week, with a rise of 12.79%, but this was up by 10.66% over a month.

Float and Shares Shorts:

At present, 127.07 million WBTN shares are outstanding with a float of 14.67 million shares on hand for trading. On 2024-10-15, short shares totaled 2.38 million, which was 186.0 higher than short shares on 1726185600. In addition to Mr. Junkoo Kim as the firm’s Founder, CEO & Chairman of the Board, Mr. David J. Lee serves as its CFO, COO & Director.

Institutional Ownership:

Through their ownership of 0.1943 of WBTN’s outstanding shares, institutional investors have minority control over the company.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-06-30, WBTN reported revenue of $320972000.0 and operating income of -$79096000.0. The EBITDA in the recently reported quarter was -$65735000.0 and diluted EPS was -$0.7.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for WBTN since 4 analysts follow the stock currently. There are 3 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 1 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With WBTN analysts setting a high price target of 55.0 and a low target of 16.0, the average target price over the next 12 months is 26.43. Based on these targets, WBTN could surge 368.88% to reach the target high and rise by 36.4% to reach the target low. Reaching the average price target will result in a growth of 125.32% from current levels.

Analysts have provided yearly estimates in a range of -$1.08 being high and -$1.48 being low. For WBTN, this leads to a yearly average estimate of -$1.3. Based on analyst estimates, the high estimate for the next quarter is -$0.11 and the low estimate is -$0.28. The average estimate for the next quarter is thus -$0.21.