iQIYI Inc ADR (NASDAQ:IQ) has a beta value of 0.27 and has seen 10.44 million shares traded in the last trading session. The company, currently valued at $2.27B, closed the last trade at $4.32 per share which meant it lost -$0.17 on the day or -3.79% during that session. The IQ stock price is -70.37% off its 52-week high price of $7.36 and 29.17% above the 52-week low of $3.06. If we look at the company’s 10-day average daily trading volume, we find that it stood at 6.55 million shares traded. The 3-month trading volume is 8.83 million shares.
iQIYI Inc ADR (NASDAQ:IQ) trade information
Sporting -3.79% in the red in last session, the stock has traded in the green over the last five days, when the IQ stock price touched $4.32 or saw a rise of 5.68%. Year-to-date, iQIYI Inc ADR shares have moved -11.48%, while the 5-day performance has seen it change 0.70%. Over the past 30 days, the shares of iQIYI Inc ADR (NASDAQ:IQ) have changed 14.59%. Short interest in the company has seen 50.03 million shares shorted with days to cover at 5.29.
iQIYI Inc ADR (IQ) estimates and forecasts
Figures show that iQIYI Inc ADR shares have underperformed across the wider relevant industry. The company’s shares have lost -5.26% over the past 6 months, with this year growth rate of 14.63%, compared to 21.30% for the industry. Other than that, the company has, however, increased its growth outlook for the 2024 fiscal year revenue. Growth estimates for the current quarter are -33.30% and 40.00% for the next quarter. Revenue growth from the last financial year stood is estimated to be 6.80%.
11 analysts offering their estimates for the company have set an average revenue estimate of $1.08 billion for the current quarter. 10 have an estimated revenue figure of $1.14 billion for the next quarter concluding in Jun 2024. Year-ago sales stood $1.17 billion and $1.07 billion respectively for this quarter and the next, and analysts expect sales will shrink by -7.30% for the current quarter and 6.40% for the next.
Earnings growth for 2024 is a modest 17.81% while over the next 5 years, the company’s earnings are expected to increase by 4.49%.
IQ Dividends
iQIYI Inc ADR is expected to release its next earnings report between May 14 and May 20 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
iQIYI Inc ADR (NASDAQ:IQ)’s Major holders
Insiders own 0.22% of the company shares, while shares held by institutions stand at 60.12% with a share float percentage of 60.25%. Investors are also buoyed by the number of investors in a company, with iQIYI Inc ADR having a total of 326 institutions that hold shares in the company. The top two institutional holders are Goldman Sachs Group Inc with over 42.22 million shares worth more than $225.47 million. As of Jun 29, 2023, Goldman Sachs Group Inc held 4.85% of shares outstanding.
The other major institutional holder is Blackrock Inc., with the holding of over 19.8 million shares as of Jun 29, 2023. The firm’s total holdings are worth over $105.75 million and represent 2.28% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are KraneShares CSI China Internet ETF and Vanguard International Stock Index-Emerging Markets Stk. As of Jun 29, 2023, the former fund manager holds about 1.75% shares in the company for having 15.19 million shares of worth $81.14 million while later fund manager owns 6.04 million shares of worth $38.27 million as of Jul 30, 2023, which makes it owner of about 0.69% of company’s outstanding stock.
