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NYSE:WEI

Weidai Stock Forecast, Price & News

$0.93
-0.08 (-7.92 %)
(As of 09/23/2020 12:00 AM ET)
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Today's Range
$0.93
Now: $0.93
$1.03
50-Day Range
$1.01
MA: $1.18
$1.37
52-Week Range
$0.93
Now: $0.93
$6.50
Volume25,384 shs
Average Volume54,753 shs
Market Capitalization$65.52 million
P/E Ratio1.79
Dividend YieldN/A
Beta0.97
Weidai Ltd., through its subsidiaries, provides auto-backed financing solutions in the People's Republic of China. Its auto-backed financing platform connects borrowers primarily mall and micro enterprise owners with online investors and institutional funding partners. The company was founded in 2011 and is headquartered in Hangzhou, the People's Republic of China.
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Beat the Market (BTM) Rank

Analyst Opinion: 2.5Community Rank: 2.2Dividend Strength: 0.0Insider Behavior: 0.0Valuation: 2.5 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.44 out of 5 stars


Industry, Sector and Symbol

Industry Nondepository credit institutions
Sub-IndustryN/A
SectorFinance
CUSIPN/A
CIKN/A
Phone86-571-5697-9013

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$482.27 million
Cash Flow$0.52 per share
Book Value$4.64 per share

Profitability

Net Income$36.43 million

Miscellaneous

Employees6,970
Market Cap$65.52 million
Next Earnings Date9/23/2020 (Estimated)
OptionableNot Optionable
$0.93
-0.08 (-7.92 %)
(As of 09/23/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Weidai (NYSE:WEI) Frequently Asked Questions

How has Weidai's stock price been impacted by Coronavirus (COVID-19)?

Weidai's stock was trading at $1.46 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, WEI stock has decreased by 36.3% and is now trading at $0.93.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of 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
.

When is Weidai's next earnings date?

Weidai is scheduled to release its next quarterly earnings announcement on Wednesday, September 23rd 2020.
View our earnings forecast for Weidai
.

How were Weidai's earnings last quarter?

Weidai Ltd (NYSE:WEI) announced its quarterly earnings results on Wednesday, May, 27th. The company reported ($1.14) earnings per share for the quarter, missing the Zacks' consensus estimate of $1.55 by $2.69. The firm earned $101.54 million during the quarter. Weidai had a net margin of 7.55% and a return on equity of 7.93%.
View Weidai's earnings history
.

What price target have analysts set for WEI?

2 brokers have issued twelve-month price targets for Weidai's shares. Their forecasts range from $5.40 to $5.40. On average, they anticipate Weidai's stock price to reach $5.40 in the next year. This suggests a possible upside of 480.6% from the stock's current price.
View analysts' price targets for Weidai
.

Are investors shorting Weidai?

Weidai saw a increase in short interest in the month of August. As of August 31st, there was short interest totaling 32,600 shares, an increase of 40.5% from the August 15th total of 23,200 shares. Based on an average daily trading volume, of 58,800 shares, the short-interest ratio is currently 0.6 days.
View Weidai's Short Interest
.

Who are some of Weidai's key competitors?

What other stocks do shareholders of Weidai own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Weidai investors own include AbbVie (ABBV), Carnival (CCL), Energy Transfer LP Unit (ET), American Airlines Group (AAL), Baidu (BIDU), Corbus Pharmaceuticals (CRBP), NIO (NIO), Ovid Therapeutics (OVID), Primo Water (PRMW) and Voyager Therapeutics (VYGR).

Who are Weidai's key executives?

Weidai's management team includes the following people:
  • Mr. Hong Yao, Founder, Chairman & CEO (Age 39)
  • Mr. Chen Feng, Director & Pres (Age 43)
  • Mr. Li Leo, Chief Financial Officer (Age 34)
  • Mr. Zhu Jianzhong, VP of Technology, R&D (Age 40)
  • Mr. Wang Pengfei, VP of Brand Devel., Strategy & Compliance (Age 37)

When did Weidai IPO?

(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.

What is Weidai's stock symbol?

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

Who are Weidai's major shareholders?

Weidai's stock is owned by a number of institutional and retail investors. Top institutional investors include FMR LLC (0.31%) and FMR LLC (0.31%).

Which institutional investors are selling Weidai stock?

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

How do I buy shares of Weidai?

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.

What is Weidai's stock price today?

One share of WEI stock can currently be purchased for approximately $0.93.

How big of a company is Weidai?

Weidai has a market capitalization of $65.52 million and generates $482.27 million in revenue each year. The company earns $36.43 million in net income (profit) each year or $0.52 on an earnings per share basis. Weidai employs 6,970 workers across the globe.

What is Weidai's official website?

The official website for Weidai is www.weidai.com.cn.

How can I contact Weidai?

Weidai's mailing address is NO. 9 BAIYUN ROAD SHANGCHENG DISTRICT, HANGZHOU F4, 310000. The company can be reached via phone at 86-571-5697-9013 or via email at [email protected]

This page was last updated on 9/23/2020 by MarketBeat.com Staff

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