Stock Jumping Abnormally High: Sina Corporation (NASDAQ:SINA)

Sina Corporation (NASDAQ:SINA)

JP Morgan Maintains Sina Corporation (NASDAQ:SINA)’s stock to Overweight with the price target of $150. This rating was issued on 8/29/18. The stock recently closed its previous session at $59.01 by showing a percentage change of -0.29% from its previous day closing price of $59.18.

Price Target is basically a projection of future price of a company’s stock by the expert analysis of investment analysts or investment firms. There may be various price targets for a stock. These analysts and investment firms use various valuation methods to decide a price target for a stock.

Several investment firms issued their expert ratings on Sina Corporation (NASDAQ:SINA) in which JP Morgan Maintains Sina Corporation (NASDAQ:SINA) to Overweight by settling a price target of $179 on 2/15/18. CLSA Upgrades the stock to Buy on 2/14/18 with no specific Price Target. Benchmark Initiates Coverage On the company’s stock to Buy on 4/18/17 by setting a price target of $110. Jefferies Maintains Sina Corporation (NASDAQ:SINA) to Buy with a price target of $95.

Sina Corporation (NASDAQ:SINA) currently has a consensus Price Target of $118.02. While some analysts have a High Price target for the stock of $138 and a Low Price Target of $103.

Several sell side analysts reviewed their recommendations on Sina Corporation (NASDAQ:SINA) where 8 analyst have rated the stock as Strong Buy, 4 analysts said it’s a Buy, 1 rated the stock as Hold, 0 analysts reported Underperform and 0 analysts gave their recommendations as Sell. (Current Month Yahoo Finance Ratings)

Zacks Investment Research also rated the stock with a value of 1. This scale runs from 1 to 5 where 1 represents Strong Buy and 5 represents Sell.

In the last Quarter, Sina Corporation (NASDAQ:SINA) reported its Actual EPS of $0.89/share. The analysts offering Earnings Estimates for the company were believing that Sina Corporation (NASDAQ:SINA) could bring EPS of $0.69/share. The difference between Actual EPS and Estimated EPS was 0.2 Percent. Thus the company showed an Earnings Surprise of 29 Percent.

Sina Corporation (NASDAQ:SINA) has a market capitalization of 4.22 Billion. The stock traded with the volume of 1.69 Million shares in the last trading session. The stock touched its high share price of $124.60 on 02/26/18 and the stock also touched its Lowest price in the last 52-weeks of trading on 10/11/18 as $59.11. The company has a 1 Year high price target of $117.7. The stock is currently trading with a distance of 20-Day Simple Moving Average (SMA20) of -11.89%. The Moving Average SMA50 is -15.31% while SMA200 is -36.54%.

Sina Corporation (NASDAQ:SINA) is currently showing its ROA (Return on Assets) of 2.8%. The Return on Investment (ROI) is at 4.8% while it’s Return on Equity (ROE) value stands at 5.6%. The stock currently shows its YTD (Year to Date) performance of -41.17 percent while its Weekly performance value is -9.27%. The Monthly and Yearly performances are -9.72 percent and -48.21 percent respectively. The Relative Volume value measured for Sina Corporation (NASDAQ:SINA) is 2.12. The Average Volume (3 months) is 796.77 Million.

The stock currently has its Annual Dividend of $0 and an annual Dividend Yield of 0 Percent. SINA has P/E (Price to Earnings ttm) value of 27.55, Forward P/E of 12.83, P/C (Price to cash per share) of 1.58 and Price to Free Cash Flow (P/FCF) value of 0. The stock is showing its Operating Margin of 17 percent.

Company Profile:

SINA Corporation is a leading online media company and value-added information service provider for China and for global Chinese communities. With a branded network of localized web sites targeting Greater China and overseas Chinese, SINA operates three major business lines including SINA.com, SINA Online and SINA.net, providing an array of services including online portals, premium email, wireless short messaging, virtual ISP, search, classified information, online games, e-commerce, e-learning and enterprise e-solutions.