NYSE:WEI - Weidai Stock Price, Forecast & News

Weidai trades on the New York Stock Exchange (NYSE) under the ticker symbol "WEI."

Weidai Ltd (NYSE:WEI) released its quarterly earnings data on Tuesday, December, 31st. The company reported $0.29 earnings per share for the quarter. The firm earned $107.15 million during the quarter. Weidai had a return on equity of 14.56% and a net margin of 12.71%. View Weidai's Earnings History.

Weidai is scheduled to release their next quarterly earnings announcement on Tuesday, March 24th 2020. View Earnings Estimates for Weidai.

2 brokerages have issued 1 year price targets for Weidai's stock. Their forecasts range from $5.40 to $5.40. On average, they expect Weidai's stock price to reach $5.40 in the next twelve months. This suggests a possible upside of 147.7% from the stock's current price. View Analyst Price Targets for Weidai.

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Weidai in the last year. There are currently 2 sell ratings for the stock, resulting in a consensus recommendation of "Sell." View Analyst Ratings for Weidai.

News coverage about WEI stock has trended somewhat negative recently, InfoTrie Sentiment reports. InfoTrie identifies negative and positive press coverage by reviewing more than six thousand news and blog sources in real-time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. Weidai earned a media sentiment score of -1.4 on InfoTrie's scale. They also assigned media coverage about the company a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an impact on the company's share price in the next few days. View News Stories for Weidai.

Some companies that are related to Weidai include Oportun Financial (OPRT), Curo Group (CURO), America First Multifamily Investors (ATAX), Yirendai (YRD), CNFinance (CNF), On Deck Capital (ONDK), X Financial (XYF), Wins Finance (WINS), Elevate Credit (ELVT), Medallion Financial (MFIN), Jiayin Group (JFIN), Security National Financial (SNFCA), Consumer Portfolio Services (CPSS), Mogo Finance Technology (MOGO) and Fincera (YUANF).

Based on aggregate information from My MarketBeat watchlists, some companies that other Weidai investors own include AbbVie (ABBV), Energy Transfer LP Unit (ET), Methanex (MEOH), Netflix (NFLX), Voyager Therapeutics (VYGR), Walgreens Boots Alliance (WBA), International Paper (IP), AT&T (T), American Airlines Group (AAL) and Amphastar Pharmaceuticals (AMPH).

(WEI) raised $45 million in an IPO on Thursday, November 15th 2018. The company issued 4,500,000 shares at a price of $9.00-$11.00 per share. Morgan Stanley and Citigroup served as the underwriters for the IPO and AMTD was co-manager.

Weidai's stock is owned by many different of institutional and retail investors. Top institutional shareholders include FMR LLC (0.67%).

WEI stock was sold by a variety of institutional investors in the last quarter, including FMR LLC.

Shares of WEI can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity and Charles Schwab.

One share of WEI stock can currently be purchased for approximately $2.18.

Weidai has a market capitalization of $153.57 million and generates $569.19 million in revenue each year. The company earns $87.50 million in net income (profit) each year or $1.59 on an earnings per share basis. Weidai employs 9,919 workers across the globe.View Additional Information About Weidai.

The official website for Weidai is http://www.weidai.com.cn/.

Weidai's mailing address is 50F WEST BUILDING FORTUNE FINANCE CENTER NO.33 JIEFANG EAST ROAD JIANGGAN DISTRI, HANGZHOU F4, 310000. The company can be reached via phone at 86-185-0164-1666 or via email at [email protected]