In the last trading session, 7,134,860 shares of the Qutoutiao Inc.(NASDAQ:QTT) were traded, and its beta was 0. Most recently the company’s share price was $4.23, and it changed around -$0.43 or -0.09% from the last close, which brings the market valuation of the company to $1.13 Billion. QTT currently trades at a discount to its 52-week high of $5.78, offering almost -36.64% off that amount. The share price’s 52-week low was $1.53, which indicates that the current value has risen by an impressive 63.83% since then. We note from Qutoutiao Inc.’s average daily trading volume that its 10-day average is 8.62 Million shares, with the 3-month average coming to 7.66 Million.
Qutoutiao Inc. stock received a consensus recommendation rating of Buy, based on a mean score of 1. If we narrow it down even further, the data shows that none out of 2 analysts rate the stock as a Sell; another but none rate it as Overweight. Among the rest, no body recommended QTT as a Hold, whereas 2 deemed it a Buy, and no one rated it as Underweight. Qutoutiao Inc. is expected to report earnings per share of $0 for the current quarter.
Qutoutiao Inc. (NASDAQ:QTT): Trading Information
Although QTT has showed a red trend with a performance of -9.23% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of $5.61- on Tuesday, Feb 16 increased the stock’s daily price by 24.6%. The company’s shares are currently up 1.66% year-to-date, but still down -0.126 over the last five days. On the other hand, Qutoutiao Inc. (NASDAQ:QTT) is 0.26% up in the 30-day period. We can see from the shorts that 12.89 Million shares have been sold at a short interest cover period of 1.68 day(s).
Qutoutiao Inc. (QTT) projections and forecasts
Qutoutiao Inc. share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen +56.09 percent over the past six months. Moreover, analysts have decided to roll up on their fiscal year 2021 revenue estimates. The rating firms predict that it will gain +100% in revenue this quarter, and will report an increase of 75% in the next quarter. The year-over-year growth rate is expected to be 1.6%, up from the previous year.
Consensus estimates provided by 1 financial analysts predict the company will bring in an average of $212.38 Million in revenue for the current quarter. 1 analysts expect Qutoutiao Inc. to make $182.37 Million in revenue for the quarter ending March 01, 2021. The company’s sales for the same quarters a year ago were $236.97 Million and $201.62 Million respectively. Analysts predict that the company’s current quarter sales will drop, forecast at -10.4%. Forecasts for the next quarter put sales growth at -9.5%.
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of 0%. Qutoutiao Inc. earnings are expected to increase by 32% in 2021, but the outlook is negative 0% per year for the next five years.
Qutoutiao Inc. (NASDAQ:QTT)’s Biggest Investors
Upon looking at major shareholders, it appears that insiders hold 3.25% of Qutoutiao Inc. shares, and 5.58% of them are in the hands of institutional investors. The stock currently has a share float of 5.77%. Qutoutiao Inc. stock is held by 48 institutions, with Vanguard Group, Inc. (The) being the largest institutional investor. By Sep 29, 2020, it held 2.26% of the shares, which is about 3.55 Million shares worth $7.77 Million.
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Credit Suisse Ag/, with 0.94% or 1.48 Million shares worth $3.24 Million as of Sep 29, 2020, holds the second largest percentage of outstanding shares.