Weidai Stock Forecast, Price & News

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. Since then, WEI shares have increased by 39.7% and is now trading at $2.04.
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1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Weidai in the last year. There are currently 1 sell rating for the stock, resulting in a consensus recommendation of "Sell."
View analyst ratings for Weidai.

Wall Street analysts have given Weidai a "Sell" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's winning trading ideas this year have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Weidai wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
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Weidai is scheduled to release its next quarterly earnings announcement on Tuesday, December 29th 2020.
View our earnings forecast for Weidai.

Weidai Ltd. (NYSE:WEI) announced its quarterly earnings data on Wednesday, May, 27th. The company reported ($1.14) earnings per share (EPS) for the quarter, missing the consensus estimate of $1.55 by $2.69. The business earned $101.54 million during the quarter.
View Weidai's earnings history.

Weidai saw a increase in short interest during the month of October. As of October 30th, there was short interest totaling 382,600 shares, an increase of 4,348.8% from the October 15th total of 8,600 shares. Based on an average trading volume of 4,190,000 shares, the days-to-cover ratio is currently 0.1 days.
View Weidai's Short Interest.

Some companies that are related to Weidai include Oportun Financial (OPRT), Qudian (QD), CURO Group (CURO), 9F (JFU), Yiren Digital (YRD), CNFinance (CNF), America First Multifamily Investors (ATAX), Jiayin Group (JFIN), Security National Financial (SNFCA), Medallion Financial (MFIN), Velocity Financial (VEL), X Financial (XYF), Bit Digital (BTBT), Elevate Credit (ELVT) and Consumer Portfolio Services (CPSS).
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Based on aggregate information from My MarketBeat watchlists, some companies that other Weidai investors own include AbbVie (ABBV), Carnival Co. & (CCL), Energy Transfer (ET), American Airlines Group (AAL), Baidu (BIDU), Corbus Pharmaceuticals (CRBP), NIO (NIO), Ovid Therapeutics (OVID), Primo Water (PRMW) and Voyager Therapeutics (VYGR).

(WEI) raised $45 million in an initial public offering 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 trades on the New York Stock Exchange (NYSE) under the ticker symbol "WEI."

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 $2.04.

Weidai has a market capitalization of $143.71 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.

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

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]