Weibo Corp (NASDAQ:WB) stock is up over 200% year-to-date. It is currently trading at USD 48.97, which is 21.6% higher than its 50 day moving average of USD 40.28. The price to earnings ratio is at 163.23 and price to balance ratio at 15.38.
Weibo is “China’s Twitter” – a microblogging network – with more than 200 million monthly active users. They monetize through advertisements, which bring over 80 percent of their revenue. Therefore increasing active user numbers – which at the moment are growing healthily – is very critical for future revenue growth. In addition to Sina, Alibaba is also a big owner of Weibo giving it a strong strategic partner to lean on.
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This Weibo information is courtesy of a premium China stock portfolios – created by WealthyTec – and offered through the Flioz mobile app for iOS.