During the last session, Qutoutiao Inc. (NASDAQ:QTT)’s traded shares were 4.72 million. At the end of the trading day, the stock’s price was $2.14, reflecting an intraday gain of 12.04% or $0.23. The 52-week high for the QTT share is $5.64, that puts it down -163.55 from that peak though still a striking 28.5% gain since the share price plummeted to a 52-week low of $1.53. The company’s market capitalization is $645.02M, and the average intraday trading volume over the past 10 days was 2.19 million shares, and the average trade volume was 2.55 million shares over the past three months.
Qutoutiao Inc. (QTT) received a consensus recommendation of an Overweight from analysts. That translates to a mean rating of 1.00. QTT has a Sell rating from 0 analyst(s) out of 2 analysts who have looked at this stock. 1 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 1 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be $0.
Qutoutiao Inc. (NASDAQ:QTT) trade information
Qutoutiao Inc. (QTT) registered a 12.04% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 12.04% in intraday trading to $2.14 this Wednesday, 06/09/21, hitting a weekly high. The stock’s 5-day price performance is 3.88%, and it has moved by 9.74% in 30 days. Based on these gigs, the overall price performance for the year is -23.57%. The short interest in Qutoutiao Inc. (NASDAQ:QTT) is 9.24 million shares and it means that shorts have 5.94 day(s) to cover.
The consensus price target of analysts on Wall Street is $17.10, which implies an increase of 87.49% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $15.94 and $18.26 respectively. As a result, QTT is trading at a discount of -753.27% off the target high and -644.86% off the low.
Qutoutiao Inc. (QTT) estimates and forecasts
In the rating firms’ projections, revenue will increase 12.00% compared to the previous financial year.
Revenue for the current quarter is expected to be $201.67 million as predicted by 1 analyst(s). Meanwhile, a consensus of 1 analyst(s) estimates revenue growth to $221.05 million by the end of Jun 2021.
While earnings are projected to return 60.20% in 2021.
Qutoutiao Inc. is due to release its next quarterly earnings in July. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Qutoutiao Inc. (NASDAQ:QTT)’s Major holders
Qutoutiao Inc. insiders own 10.34% of total outstanding shares while institutional holders control 5.83%, with the float percentage being 6.50%. Credit Suisse AG is the largest shareholder of the company, while 53 institutions own stock in it. As of Mar 30, 2021, the company held over 2.45 million shares (or 1.43% of all shares), a total value of $5.6 million in shares.
The next largest institutional holding, with 1.32 million shares, is of Vanguard Group, Inc. (The)’s that is approximately 0.77% of outstanding shares. At the market price on Mar 30, 2021, these shares were valued at $3.03 million.
Also, the Mutual Funds coming in first place with the largest holdings of Qutoutiao Inc. (QTT) shares are Vanguard International Stock Index-Emerging Markets Stk and Vanguard International Stock Index-Total Intl Stock Indx. Data provided on Jan 30, 2021 indicates that Vanguard International Stock Index-Emerging Markets Stk owns about 1.47 million shares. This amounts to just over 0.86 percent of the company’s overall shares, with a $4.49 million market value. The same data shows that the other fund manager holds slightly less at 1.37 million, or about 0.80% of the stock, which is worth about $4.19 million.