Company Stock Price of 58.com Inc. (WUBA) Decreases -1.8%

58.com Inc. stock performance trend indicates that the stock price has rallied 28.96% in the past 12 Weeks but analyzing the 6 month chart of the stock, the price of the stock has managed to drop negative and it has dropped down to -22.18% . Looking at the past 52 week period, the stock price is down -36.46% . Relative price strength is a important factor used by wealth management firms while investing in stocks since the indicator compares the stock performance with the overall market. The relative price strength of 58.com Inc. has a negative value of -46.61 compared to overall market performance.58.com Inc. is having a Relative Strength Index of 64.05 which indicates the stock is not yet over sold or over bought based on the technical indicators.

58.com Inc. (NYSE:WUBA) has tumbled 1.8% during the past week, however, the bigger picture is still very bullish; the stocks have advanced and posted positive gains of 15.12% in the last four weeks. The stocks have underperformed the S&P 500 by 2.03% during the past week but 58.com Inc. (NYSE:WUBA) it has outperformed the index in 4 weeks by 13.8%.

Company shares have received an average consensus rating of Hold for the current week 58.com Inc. (NYSE:WUBA) stock ended Friday session in the red zone in a volatile trading. The stock closed down 0.36 points or 0.96% at $37.09 with 1,412,185 shares getting traded. Post opening the session at $37.31, the shares hit an intraday low of $36.7 and an intraday high of $37.315 and the price was in this range throughout the day. The company has a market cap of $5,367 million and the number of outstanding shares has been calculated to be 144,703,360 shares. The 52-week high of 58.com Inc. (NYSE:WUBA) is $61.59 and the 52-week low is $27.58.

Several Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.58.com Inc (ADR) was Initiated by Bernstein on Jan 11, 2017 to Underperform, Price Target of the shares are set at $25.

58.com Inc (ADR) Last issued its quarterly earnings results on Feb 27, 2017. The company reported $-0.01 EPS for the quarter, beating the analyst consensus estimate by $ 0.13. Analyst had a consensus of $-0.14. The company had revenue of $306.60 million for the quarter, compared to analysts expectations of $303.26 million. The companys revenue was up 20.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.35 EPS.

58.com Inc. operates online marketplace serving local merchants and consumers in China. It offers housing rental, recruitment, second-hand product, travel, catering, entertainment, and group-buying information. 58.com Inc. is based in Beijing, China.

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