In the latest trading session, 2.63 million iQIYI Inc ADR (NASDAQ:IQ) shares changed hands as the company’s beta touched 0.16. With the company’s most recent per share price at $5.01 changed hands at -$0.13 or -2.43% at last look, the market valuation stands at $2.63B. IQ’s current price is a discount, trading about -29.14% off its 52-week high of $6.47. The share price had its 52-week low at $3.06, which suggests the last value was 38.92% up since then. When we look at iQIYI Inc ADR’s average trading volume, we note the 3-month average coming to 7.80 million.
iQIYI Inc ADR (NASDAQ:IQ) trade information
Instantly IQ was in red as seen in intraday trades today. With action 3.40%, the performance over the past five days has been green. The drop to weekly highs of 5.29 subtracted -2.43% to the stock’s daily price. The company’s shares are showing year-to-date upside of 2.77%, with the 5-day performance at 3.40% in the green. However, in the 30-day time frame, iQIYI Inc ADR (NASDAQ:IQ) is 16.09% up.
iQIYI Inc ADR (IQ) estimates and forecasts
Data shows that the iQIYI Inc ADR share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 0.50% over the past 6 months, a 14.63% in annual growth rate that is considerably higher than the industry average of 12.60%. Year-over-year growth is forecast to reach 6.80% up from the last financial year.
Consensus estimates given by 11 financial analysts project the company’s revenue in the current quarter to hit an average of 1.08B. 10 analysts are of the opinion that iQIYI Inc ADR’s revenue for the current quarter will be 1.13B. The company’s revenue for the corresponding quarters a year ago was 1.17B and 1.07B respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -7.50%. The estimates for the next quarter sales put growth at 6.40%. The 2024 estimates are for iQIYI Inc ADR earnings to increase by 20.11%, but the outlook for the next 5-year period is at 4.49% per year.
