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Wednesday, October 28, 2020

The Forecast Just Changed on Bilibili Inc. (NASDAQ:BILI)

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Bilibili Inc. (BILI) shares are trading at higher $48.42 and the avg recommendation for the stock is Strong Buy, while the current analyst price target stands at $53.81.

To add more color to this target, the company’s high over the last year is $54.00 and the low is $13.52. Over the last 52 weeks, BILI is up 245.61% while the S&P 500 is up 18.28%. The catalyst for this interesting swing was the company’s recent earnings report.

A Notable Earnings Report

In the last quarter, BILI reported a profit of $85.23 million. Bilibili Inc. also saw revenues increase to $369.34 million. In addition, BILI has free cash flow of $0.0 as of 06-2020. The company’s EBITDA came in at -$86.09 million which compares well with its peers.

BILI booked profit margins of -21.50%, its Return on Equity (ROE) is -25.10%, and its Return on Assets is -10.60%. All told, it is clear that, BILI needs to be on your watchlist.

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Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. BILI has a short ratio of 4.53 and outstanding shares of 348.63M.

Company Outlook

BILI has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 3.86 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at -0.83. Bilibili Inc. BILI also noted assets of $3.45 billion at the end of the last quarter. Investors should also keep an eye on sector updates as BILI has historically followed its peers on positive news.

All told, Bilibili Inc. BILI has strung together solid data and demonstrated underlying fundamentals. At its current valuation, BILI represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.

Bilibili Inc. BILI is now commanding a market cap of 16.19B and a float of 195.16M. BILI is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of BILI stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!

Disclosure: we hold no position in BILI, either long or short, and we have not been compensated for this article.

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