Bilibili (BILI) Trading Down 3.7%
Shares of Bilibili Inc – (NASDAQ:BILI) were down 3.7% on Thursday . The stock traded as low as $12.10 and last traded at $12.88. Approximately 50,023 shares were traded during mid-day trading, a decline of 99% from the average daily volume of 5,137,046 shares. The stock had previously closed at $12.42.
Several analysts have recently weighed in on BILI shares. Bank of America lowered their price objective on shares of Bilibili from $17.30 to $15.00 and set a “buy” rating for the company in a research note on Tuesday, September 11th. Morgan Stanley lowered shares of Bilibili from an “overweight” rating to an “equal weight” rating and lowered their price objective for the company from $13.50 to $11.00 in a research note on Monday, September 24th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Bilibili from $16.00 to $14.00 and set an “overweight” rating for the company in a research note on Wednesday, August 29th.
Bilibili (NASDAQ:BILI) last announced its quarterly earnings results on Monday, August 27th. The company reported ($0.07) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.03) by ($0.04). The business had revenue of $155.10 million for the quarter, compared to analyst estimates of $142.41 million. The company’s quarterly revenue was up 76.1% compared to the same quarter last year. During the same period in the previous year, the business earned ($3.03) EPS. On average, equities analysts predict that Bilibili Inc – will post -0.39 earnings per share for the current year.
Bilibili Company Profile (NASDAQ:BILI)
Bilibili Inc provides online entertainment services for the young generations in the People's Republic of China. It offers a platform that covers a range of genres and media formats, including videos, live broadcasting, and mobile games. The company was founded in 2009 and is headquartered in Shanghai, the People's Republic of China.
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