Bilibili Inc. (NASDAQ:BILI) is now being followed by Citigroup, as they initiated the stock at Buy on January 31. Analysts at Daiwa Securities, started covering the stock on January 14 with a Outperform rating. The stock won favor of Morgan Stanley analysts who expressed their confidence in it using an upgrade from Equal-Weight to Overweight on January 08. Credit Suisse, released new analyst coverage on December 10, calling the stock is Outperform.
Bilibili Inc. (BILI) hit an intraday high Tuesday at $18.21. The shares finished at $17.86, after trading as low as $17.51 earlier in the session. It rose 3.3% in recent trade and currently has a stock-market value of $5.33B. Trading activity significantly improved as the volume at ready counter increased to 3,901,409 shares versus 3,575,445 in average daily trading volume over the past 20 days. So far this year, the volume has averaged about 3,756,555 shares. The stock is now 96.48% above against its bear-market low of $9.09.
BILI’s 50 day simple moving average (SMA 50) price is $15.68 and its 200-day simple moving average (SMA 200) price is $14.02. The company’s stock currently has a total float of 216.25M shares. Its weekly volatility is hovering around 4.94% and felt 4.48% volatility in price over a month. On the upside, the share price will test short term resistance at around $18.21. On a downside, the stock is likely to find some support, which begins at $17.51. The failure to get near-term support could push it to $17.16.
Wall Street’s most bullish Bilibili Inc. (NASDAQ:BILI) analysts are predicting the share price to blow past $22 per share during the next 12 months. The current median share price forecast by them is $18.59, suggesting that the stock could increase 4.09% in that time frame. The average price target of $18.77 calls for a nearly 5.1% increase in the stock price.
Also, it is trading at rather expensive levels at just over 6.84x price/book and 9.7x price/sales. Compared to others, Bilibili Inc. is in a different league with regards to profitability, having net margins of -15%. To put some perspective around this, the industry’s average net margin is 25.11%. BILI’s ROE is -22.4%, which is also considerably worse than the industry’s ROE of 20.43%. It’s also very liquid in the near term, with a current ratio of 1.8. The stock has a debt/capital of 0.
Revenue for the recent quarter stood at $1.08 billion, down -1541300% on last year and above the $1.02 billion predicted by analysts. For this quarter, Wall Street analysts forecast revenue in a range of $1.14 billion to $1.36 billion, which should be compared with $0 generated last year. EPS is seen in a range of -$6.60E-01 to $0.03, against the 0 reported a year ago.