Somewhat Favorable Media Coverage Somewhat Unlikely to Affect 500.com Limited (WBAI) Stock Price
Media coverage about 500.com Limited (NYSE:WBAI) has trended somewhat positive this week, according to Accern Sentiment. The research firm identifies positive and negative press coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. 500.com Limited earned a daily sentiment score of 0.13 on Accern’s scale. Accern also gave media coverage about the company an impact score of 46.0736860273545 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
WBAI has been the subject of a number of recent research reports. ValuEngine lowered 500.com Limited from a “sell” rating to a “strong sell” rating and set a $12.00 target price for the company. in a research note on Thursday, May 11th. BidaskClub lowered 500.com Limited from a “hold” rating to a “sell” rating in a research note on Saturday, August 5th.
500.com Limited (NYSE WBAI) traded up 2.72% during midday trading on Friday, hitting $10.59. The stock had a trading volume of 98,828 shares. The company’s 50-day moving average price is $11.10 and its 200 day moving average price is $11.70. 500.com Limited has a 12-month low of $8.12 and a 12-month high of $19.98. The stock’s market cap is $431.72 million.
500.com Limited (NYSE:WBAI) last posted its quarterly earnings data on Wednesday, May 10th. The company reported ($0.22) earnings per share for the quarter. The company had revenue of $2.68 million during the quarter. On average, equities research analysts predict that 500.com Limited will post ($0.39) earnings per share for the current fiscal year.
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About 500.com Limited
500.com Limited is an online sports lottery service provider in China. The Company acts as an aggregator and processor of lottery purchase orders from its registered user accounts and derive substantially all of its revenues from service fees paid to it by provincial sports lottery administration centers for the purchase orders of sports lottery products that it direct to such centers.
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