iQIYI Inc ADR (NASDAQ:IQ) has a beta value of 0.23 and has seen 1.45 million shares traded in the recent trading session. The company, currently valued at $2.57B, closed the recent trade at $4.90 per share which meant it lost -$0.17 on the day or -3.35% during that session. The IQ stock price is -32.04% off its 52-week high price of $6.47 and 37.55% above the 52-week low of $3.06. The 3-month trading volume is 7.82 million shares.
iQIYI Inc ADR (NASDAQ:IQ) trade information
Sporting -3.35% in the red today, the stock has traded in the green over the last five days, when the IQ stock price touched $4.90 or saw a rise of 3.73%. Year-to-date, iQIYI Inc ADR shares have moved 0.41%, while the 5-day performance has seen it change 6.99%. Over the past 30 days, the shares of iQIYI Inc ADR (NASDAQ:IQ) have changed 14.22%.
iQIYI Inc ADR (IQ) estimates and forecasts
Figures show that iQIYI Inc ADR shares have outperformed across the wider relevant industry. The company’s shares have gained 2.08% over the past 6 months, with this year growth rate of 14.63%, compared to 11.40% 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 -22.20% and 60.00% for the next quarter. Revenue growth from the last financial year stood is estimated to be 7.00%.
11 analysts offering their estimates for the company have set an average revenue estimate of $1.09 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 -7.00% for the current quarter and 6.80% for the next.
Earnings growth for 2024 is a modest 17.79% 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 in May this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
