In recent trading session, iQIYI, Inc. (NASDAQ:IQ) saw 1,499,595 shares changing hands with its beta currently measuring 0. Company’s recent per share price level of $22.07 trading at -$0.15 or -0.68% at recent trade assigns it a market valuation of $16.18 Billion. That current trading price of IQ’s stock is at a discount of -24.6% from its 52-week high price of $27.5 and is indicating a premium of 34.25% from its 52-week low price of $14.51. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 3.99 Million shares which gives us an average trading volume of 8.92 Million if we extend that period to 3-months.
For iQIYI, Inc. (IQ), analysts’ consensus is at an average recommendation of Overweight while assigning it a mean rating of 2.3. Splitting up the data highlights that, out of 26 analysts covering the stock, 2 rated the stock as a Sell while 2 recommended an Overweight rating for the stock. 12 suggested the stock as a Hold whereas 10 see the stock as a Buy. None analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -$0.49 in the current quarter.
iQIYI, Inc. (NASDAQ:IQ) trade information
In the face of being in the red today for losing -0.68%, in the last five days IQ remained trading in the green while hitting it’s week-highest on Monday, Aug 10 when the stock touched $22.74- price level, adding 3.41% to its value on the day. iQIYI, Inc.’s shares saw a change of 4.05% in year-to-date performance and have moved -4.17% in past 5-day. iQIYI, Inc. (NASDAQ:IQ) showed a performance of -3.92% in past 30-days. Number of shares sold short was 29.83 Million shares which calculate 3.34 days to cover the short interests.
iQIYI, Inc. (IQ) estimates and forecasts
Statistics highlight that iQIYI, Inc. is scoring comparatively lower than the scores of other players of the relevant industry. The company lessened -17.92% of value to its shares in past 6 months, showing an annual growth rate of -15.27% while that of industry is 7. Apart from that, the company came lowering its revenue forecast for fiscal year 2020. The company is estimating its revenue growth to decline by -8.9% in the current quarter and calculating 26.8% increase in the next quarter. This year revenue growth is estimated to rise 7.8% from the last financial year’s standing.
15 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $1.05 Billion for the same. And 13 analysts are in estimates of company making revenue of $1.07 Billion in the next quarter that will end in September 01, 2020. Company posted $1.02 Billion and $1.06 Billion of sales in current and next quarters respectively a year earlier. Analysts are expecting this quarter sales to grow by 3.4% while estimating it to be 1.4% for the next quarter.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 0% during past 5 years. In 2020, company’s earnings growth rate is likely to be around -9.1% while estimates for its earnings growth in next 5 years are of 5.75%
iQIYI, Inc. (NASDAQ:IQ)’s Major holders
Insiders are in possession of 2.48% of company’s total shares while institution are holding 58.73% percent of that, with stock having share float percentage of 60.22%. Investors also watch the number of corporate investors in a company very closely, which is 369 institutions for iQIYI, Inc. that are currently holding shares of the company. Hillhouse Capital Advisors Ltd. is the top institutional holder at IQ for having 46.69 Million shares of worth $831.16 Million. And as of March 30, 2020, it was holding 2.07% of the company’s outstanding shares.
The second largest institutional holder is Schroder Investment Management Group, which was holding about 12.9 Million shares on March 30, 2020. The number of shares represents firm’s hold over 0.57% of outstanding shares, having a total worth of $229.67 Million.
On the other hand, KraneShares CSI China Internet ETF and Vanguard International Stock Index-Total Intl Stock Indx are the top two Mutual Funds which own company’s shares. As of March 30, 2020, the former fund manager was holding 4143765 shares of worth $73.76 Million or 0.18% of the total outstanding shares. The later fund manager was in possession of 3.87 Million shares on April 29, 2020, making its stake of worth around $65.66 Million in the company or a holder of 0.17% of company’s stock.