During the recent session, iQIYI Inc ADR (NASDAQ:IQ)’s traded shares were 2.11 million, with the beta value of the company hitting 0.28. At the last check today, the stock’s price was $4.39, reflecting an intraday gain of 2.10% or $0.09. The 52-week high for the IQ share is $7.36, that puts it down -67.65 from that peak though still a striking 30.3% gain since the share price plummeted to a 52-week low of $3.06. The company’s market capitalization is $2.31B, and the average intraday trading volume over the past 10 days was 6.02 million shares, and the average trade volume was 8.80 million shares over the past three months.
iQIYI Inc ADR (NASDAQ:IQ) trade information
iQIYI Inc ADR (IQ) registered a 2.10% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 2.10% in intraday trading to $4.39, hitting a weekly high. The stock’s 5-day price performance is 3.79%, and it has moved by 17.55% in 30 days. Based on these gigs, the overall price performance for the year is -37.28%. The short interest in iQIYI Inc ADR (NASDAQ:IQ) is 50.03 million shares and it means that shorts have 5.29 day(s) to cover.
iQIYI Inc ADR (IQ) estimates and forecasts
Statistics show that iQIYI Inc ADR has underperformed its competitors in share price, compared to the industry in which it operates. iQIYI Inc ADR (IQ) shares have gone down -1.78% during the last six months, with a year-to-date growth rate less than the industry average at 14.63% against 21.30. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to shrink -33.30% this quarter and then jump 40.00% in the quarter after that. In the rating firms’ projections, revenue will increase 6.80% compared to the previous financial year.
Revenue for the current quarter is expected to be $1.08 billion as predicted by 11 analyst(s). Meanwhile, a consensus of 10 analyst(s) estimates revenue growth to $1.13 billion by the end of Jun 2024. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled $1.17 billion and $1.07 billion respectively. In this case, analysts expect current quarter sales to shrink by -7.30% and then jump by 6.40% in the coming quarter.
IQ Dividends
iQIYI Inc ADR is due to release its next quarterly earnings between May 14 and May 20. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
iQIYI Inc ADR (NASDAQ:IQ)’s Major holders
iQIYI Inc ADR insiders own 0.22% of total outstanding shares while institutional holders control 60.12%, with the float percentage being 60.25%. Goldman Sachs Group Inc is the largest shareholder of the company, while 326 institutions own stock in it. As of Jun 29, 2023, the company held over 42.22 million shares (or 4.85% of all shares), a total value of $225.47 million in shares.
The next largest institutional holding, with 19.8 million shares, is of Blackrock Inc.’s that is approximately 2.28% of outstanding shares. At the market price on Jun 29, 2023, these shares were valued at $105.75 million.
Also, the Mutual Funds coming in first place with the largest holdings of iQIYI Inc ADR (IQ) shares are KraneShares CSI China Internet ETF and Vanguard International Stock Index-Emerging Markets Stk. Data provided on Jun 29, 2023 indicates that KraneShares CSI China Internet ETF owns about 15.19 million shares. This amounts to just over 1.75 percent of the company’s overall shares, with a $81.14 million market value. The same data shows that the other fund manager holds slightly less at 6.04 million, or about 0.69% of the stock, which is worth about $38.27 million.
