Somewhat Favorable Press Coverage Somewhat Unlikely to Affect Sina Corporation (SINA) Stock Price
Media headlines about Sina Corporation (NASDAQ:SINA) have been trending somewhat positive on Tuesday, according to Accern Sentiment. The research group ranks the sentiment of news coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Sina Corporation earned a media sentiment score of 0.15 on Accern’s scale. Accern also gave news articles about the technology company an impact score of 46.4400198762944 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Here are some of the media stories that may have impacted Accern Sentiment Analysis’s analysis:
- Australia’s special forces to be used during domestic terror attacks (english.sina.com)
- Russia’s Soyuz-2.1a rocket delivers 73 satellites into orbits: Roscosmos (english.sina.com)
- Ottawa’s despicable display in China (macleans.ca)
- AliSports reveal plans for WESG 2017 (gosugamers.net)
- Sina Corporation’s (NASDAQ:SINA) Buy Rating Reiterated at Jefferies Group LLC (americanbankingnews.com)
Several equities analysts have commented on the stock. Jefferies Group LLC reissued a “buy” rating and set a $122.00 target price on shares of Sina Corporation in a research note on Friday. Stifel Nicolaus reissued a “hold” rating on shares of Sina Corporation in a research note on Friday, June 23rd. T.H. Capital raised their target price on shares of Sina Corporation from $62.00 to $94.00 and gave the company a “buy” rating in a research note on Friday, May 12th. Finally, Benchmark Co. assumed coverage on shares of Sina Corporation in a research note on Tuesday, April 18th. They set a “buy” rating and a $110.00 target price on the stock. Two equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $90.71.
Sina Corporation (NASDAQ:SINA) opened at 91.85 on Tuesday. Sina Corporation has a 52 week low of $50.15 and a 52 week high of $105.99. The stock has a 50 day moving average of $92.23 and a 200 day moving average of $76.19. The firm has a market cap of $6.52 billion, a PE ratio of 28.05 and a beta of 1.21.
Sina Corporation (NASDAQ:SINA) last released its earnings results on Tuesday, May 16th. The technology company reported $0.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.28) by $0.78. Sina Corporation had a net margin of 22.36% and a return on equity of 6.19%. The company had revenue of $278.10 million for the quarter, compared to the consensus estimate of $267.14 million. During the same period in the prior year, the company posted ($0.04) EPS. The company’s revenue was up 40.0% compared to the same quarter last year. Analysts anticipate that Sina Corporation will post $2.70 EPS for the current year.
About Sina Corporation
Sina Corporation is an online media company serving China and the global Chinese communities. The Company’s digital media network of SINA.com (portal), SINA mobile (mobile portal and mobile applications) and Weibo (social media) enables Internet users to access professional media and user generated content (UGCs) in multi-media formats from personal computers and mobile devices, and share their interests with friends and acquaintances.
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