iQIYI Inc ADR (NASDAQ:IQ) has a beta value of 0.07 and has seen 18.74 million shares traded in the last trading session. The company, currently valued at $1.77B, closed the last trade at $3.38 per share which meant it lost -$0.12 on the day or -3.43% during that session. The IQ stock price is -91.42% off its 52-week high price of $6.47 and 9.47% 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 9.23 million shares traded. The 3-month trading volume is 9.74 million shares.
The consensus among analysts is that iQIYI Inc ADR (IQ) is Hold stock at the moment, with a recommendation rating of 1.85. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 11 out of 21 have rated it as a Hold, with 10 advising it as a Buy. 0 have rated the stock as Underweight.
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iQIYI Inc ADR (NASDAQ:IQ) trade information
Sporting -3.43% in the red in last session, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the IQ stock price touched $3.38 or saw a rise of 11.52%. Year-to-date, iQIYI Inc ADR shares have moved -30.74%, while the 5-day performance has seen it change -10.82%. Over the past 30 days, the shares of iQIYI Inc ADR (NASDAQ:IQ) have changed -14.86%. Short interest in the company has seen 58.97 million shares shorted with days to cover at 6.48.
Wall Street analysts have a consensus price target for the stock at $15.8, which means that the shares’ value could jump 78.61% from current levels. The projected low price target is $4.9 while the price target rests at a high of $19. In that case, then, we find that the current price level is -462.13% off the targeted high while a plunge would see the stock gain -44.97% from current levels.
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 -7.65% over the past 6 months, with this year growth rate of 12.20%, compared to 37.10% for the industry.
Earnings growth for 2024 is a modest 13.09% 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 August 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
The top two institutional holders are GOLDMAN SACHS GROUP INC with over 32.17 million shares worth more than $136.09 million. As of 2024-03-31, GOLDMAN SACHS GROUP INC held 3.3736% of shares outstanding.
The other major institutional holder is FIL LTD, with the holding of over 26.5 million shares as of 2024-03-31. The firm’s total holdings are worth over $112.1 million and represent 2.7614% of shares outstanding.
