In last trading session, iQIYI Inc ADR (NASDAQ:IQ) saw 9.32 million shares changing hands with its beta currently measuring 0.09. Company’s recent per share price level of $3.11 trading at $0.05 or 1.63% at ring of the bell on the day assigns it a market valuation of $1.63B. That closing price of IQ’s stock is at a discount of -108.04% from its 52-week high price of $6.47 and is indicating a premium of 2.57% from its 52-week low price of $3.03. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 10.18 million shares which gives us an average trading volume of 10.04 million if we extend that period to 3-months.
For iQIYI Inc ADR (IQ), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.93. Splitting up the data highlights that, out of 21 analysts covering the stock, 1 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 10 suggested the stock as a Hold whereas 10 see the stock as a Buy. 0 analyst(s) advised it as an Underweight.
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iQIYI Inc ADR (NASDAQ:IQ) trade information
Upright in the green during last session for gaining 1.63%, in the last five days IQ remained trading in the red while hitting it’s week-highest on Friday, 07/19/24 when the stock touched $3.11 price level, adding 14.33% to its value on the day. iQIYI Inc ADR’s shares saw a change of -36.27% in year-to-date performance and have moved -14.68% in past 5-day. iQIYI Inc ADR (NASDAQ:IQ) showed a performance of -21.27% in past 30-days. Number of shares sold short was 60.5 million shares which calculate 7.52 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 12.65 to the stock, which implies a rise of 75.42% to its current value. Analysts have been projecting 3 as a low price target for the stock while placing it at a high target of 19. It follows that stock’s current price would jump 3.54% in reaching the projected high whereas dropping to the targeted low would mean a gain of 3.54% for stock’s current value.
iQIYI Inc ADR (IQ) estimates and forecasts
Statistics highlight that iQIYI Inc ADR is scoring comparatively lower than the scores of other players of the relevant industry. The company lost -15.26% of value to its shares in past 6 months, showing an annual growth rate of 12.20% while that of industry is 36.80. Apart from that, the company came raising its revenue forecast for fiscal year 2024.
In 2024, company’s earnings growth rate is likely to be around -2.10% while estimates for its earnings growth in next 5 years are of 4.49%.
IQ Dividends
iQIYI Inc ADR is more likely to be releasing its next quarterly report in August and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.
iQIYI Inc ADR (NASDAQ:IQ)’s Major holders
GOLDMAN SACHS GROUP INC is the top institutional holder at IQ for having 32.17 million shares of worth $136.09 million. And as of 2024-03-31, it was holding 3.3736 of the company’s outstanding shares.
The second largest institutional holder is FIL LTD, which was holding about 26.5 million shares on 2024-03-31. The number of shares represents firm’s hold over 2.7614 of outstanding shares, having a total worth of $112.1 million.
