Sina Corporation (NASDAQ:SINA): The stock price is expected to reach $ 53.08 in the short term. The number of analysts agreeing with this consensus is 4. The higher estimate for the short term price target is at $66 while the lower estimate is at $41. The standard deviation of the price stands at $10.31.
Many analysts have stated their opinion on the company shares. Summit Research terminates its view on Sina Corporation (NASDAQ:SINA) according to the research report released by the firm to its investors. Earlier, the shares had a rating of Hold. The rating by the firm was issued on March 13, 2016. For the current week, the company shares have a recommendation consensus of Buy.
Sina Corporation (NASDAQ:SINA) stock ended Monday session in the red zone in a volatile trading. The stock closed down 1.32 points or 2.53% at $50.91 with 957,818 shares getting traded. Post opening the session at $51.62, the shares hit an intraday low of $50.53 and an intraday high of $52.13 and the price was in this range throughout the day. The company has a market cap of $3,556 million and the number of outstanding shares have been calculated to be 69,840,751 shares. The 52-week high of Sina Corporation (NASDAQ:SINA) is $61.25 and the 52-week low is $32.61.
SINA Corporation is an online media company serving China and the global Chinese communities. The Company operates its business through three business segments: SINA Portal, Weibo and other businesses. Its digital media network of SINA.com, SINA mobile and Weibo enables Internet users to access media and users generated content (UGC) in multi-media formats from personal computers and mobile devices and share their interests with friends and acquaintances. SINA.com offers professional content on each of its region-specific Websites and a range of complementary offerings. Its mobile portal, SINA.cn, provides news information and entertainment content from SINA.com customized for mobile users in WAP (mobile browser) and mobile application format, such as SINA News, SINA Sports, SINA Finance, SINA Entertainment and SINA Blog. Weibo is a social media platform for people to create, distribute and discover Chinese-language content.