Bilibili
Bilibili Inc. (NASDAQ: BILI) offers gaming, video and live broadcasting platforms for children and teens in the People’s Republic of China. Over the past year, Bilibili shares have dropped by about 72%. The stock has traded in a narrow range around its current price since March.
Continuing lockdowns, a faltering Chinese economy, and regulatory oversight have weighed heavily on Bilibili and other U.S.-traded China-based companies. Last week’s agreement on U.S. audits of Chinese companies is the most recent bit of good news for them. Bilibili will report quarterly results before Thursday’s opening bell.
Of 34 brokerages covering the company, 26 have a Buy or Strong Buy rating with the other eight have Hold ratings. At around $23.60 per share, the upside potential based on a median price target of $39.70 is 68.2%. At the high target of $114.34, the implied upside is a whopping 385%.
The consensus estimates call for fiscal second-quarter revenue of $703.56 million, down 11.4% sequentially and by 1.5% year over year. Analysts have forecast an adjusted loss per share of $0.66, flat with the prior quarter’s loss and considerably worse than the year-ago loss of $0.35 per share. For the full 2022 fiscal year ending in December, analysts are expecting Bilibili to post a per-share loss of $2.48 compared to a loss last year of $2.27 on sales of $3.3 billion, up 8.2%.
Bilibili is not expected to post a profit in 2022, 2023 or 2024. The stock’s 52-week range is $14.93 to $93.47. Bilibili does not pay a dividend. Total shareholder return for the past year is negative 71.8%.
FuelCell Energy
Hydrogen fuel cell maker FuelCell Energy Inc. (NASDAQ: FCEL) has seen its share price decline by nearly 39% over the past 12 months, reaching a new 52-week low in mid-May and a recent low in late July. Shares shot up more than 25% on the passage of the Inflation Reduction Act and its commitment to all sorts of alternative energy, including fuel cells. But a deal between Amazon and FuelCell competitor Plug Power sent shares lower again. The company reports quarterly results first thing Thursday morning.
Of 10 analysts covering the stock, none has a Buy or Strong Buy rating, and two have a Sell or Strong Sell rating. Shares trade at around $3.95, implying an upside of 26.6% based on a median (and high) price target of $5.00.
Sponsored: Find a Qualified Financial Advisor
Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to 3 fiduciary financial advisors in your area in 5 minutes. Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests. If you’re ready to be matched with local advisors that can help you achieve your financial goals, get started now.
