Insights

Why has the Weebit (ASX:WBT) share price jumped 9% today?

Shares in the semiconductor player continue their extended run today
The post Why has the Weebit (ASX:WBT) share price jumped 9% today? appeared first on The Motley Fool Australia. –

The Weebit Nano Ltd (ASX: WBT) share price is rocketing today. Shares in the semiconductor player are up 8.76%, trading at $1.80 at the time of writing.

Let’s take a look at the latest Weebit share price action.

What’s happened today?

There have been no market sensitive announcements today that apply specifically to Weebit.

The share price has been a gainer following a key announcement on 25 June, where the company confirmed it had successfully demonstrated the integration of a selector with ReRAM, for the standalone memory market.

Since this event, shares have walked their way northwards by 12.6%, gaining as much as 20% the day after the announcement alone.

Regarding the milestone, Weebit CEO Coby Hanoch stated:

This achievement demonstrates our commitment to addressing the discrete memory market as part of our mid-term strategy. We see a broad range of opportunities for discrete ReRAM, from NOR flash to storage class memory, in a range of segments.

Given our 2024 target for a discrete solution, we anticipate that other opportunities will arise as well. We will continue to share our progress in meeting this mid-term goal, while we continue our near-term focus on the embedded memory module where we are making good progress.

Weebit share price snapshot

While the Weebit share price remains positive at the time of writing, the same can’t be said for the company’s trajectory year-to-date, with shares trading down 32.6% since January 1.

In contrast however, Weebit’s shares have posted a 12-month positive return of 496.6% at the time of writing. For context, the S&P/ASX 200 Index (ASX: XJO) has posted a return of 22.81% over the previous 12 months.

At the current share price of $1.80, Weebit has a market capitalisation of $203 million, and is currently trading off its 52-week high of $4.27. The 52-week range for Weebit shares is a big one, from as low as 27.5 cents to $4.27.

The post Why has the Weebit (ASX:WBT) share price jumped 9% today? appeared first on The Motley Fool Australia.

Should you invest $1,000 in Weebit Nano right now?

Before you consider Weebit Nano, you’ll want to hear this.

Motley Fool Investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and Weebit Nano wasn’t one of them.

The online investing service he’s run for nearly a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.* And right now, Scott thinks there are 5 stocks that are better buys.

*Returns as of May 24th 2021

More reading

Why the Weebit Nano (ASX:WBT) share price is rocketing 15%

The author Zach Bristow has no positions in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

Trade The World Anywhere & Anytime!

Mobile app platform with over 50,000 global listed securities across 12 markets (over 70% global market capitalisation), right from your Android or iOS device.

Integrated with exclusive trading idea and investment analysis tools to help you find actionable insight on virtually every financial instrument across our 12 global markets, to help you optimise your trading strategies.

Refer Your Friends

Tell your friends about Monex and gift them FREE access to our trading tools.

We respect your privacy and will only send this one email notification to your friends. 

Share With Your Friends

Share on facebook
Share on twitter
Share on linkedin

Monex Trading Tools Access and Usage Terms

The Monex Trading Tools (referred to as ‘tools’ hereafter) are available to you inside your client portal;


To activate access to the tools, you must have a verified and approved trading account and have made a deposit of at least AUD $1000.


An active and funded account with a positive trading balance is required to continue to have access to the tools;


Although the tools are available to you indefinitely, Monex Securities may at it’s discretion disable access to the tools in the future;


Monex securities reserves the right to change these terms and conditions from time to time, as it sees fit, without notice.

Important Notice
iOS & Android App - 12 International Markets & Over 70% Global Market Cap. $0 Brokerage On US Trades. Click Here!