In today’s recent session, 5.35 million shares of the iQIYI Inc ADR (NASDAQ:IQ) have been traded, and its beta is 0.06. Most recently the company’s share price was $2.31, and it changed around -$0.03 or -1.15% from the last close, which brings the market valuation of the company to $1.21B. IQ at last check was trading at a discount to its 52-week high of $5.80, offering almost -151.08% off that amount. We note from iQIYI Inc ADR’s average daily trading volume that its 10-day average is 13.25 million shares, with the 3-month average coming to 9.19 million.
iQIYI Inc ADR stock received a consensus recommendation rating of Buy, based on a mean score of 2.00. If we narrow it down even further, the data shows that 0 out of 5 analysts rate the stock as a Sell; another 1 rate it as Overweight. Among the rest, 1 recommended IQ as a Hold, whereas 3 deemed it a Buy, and 0 rated it as Underweight.
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iQIYI Inc ADR (NASDAQ:IQ) trade information
Instantly IQ has been showing red trend so far today with a performance of -1.15% on intraday trading today. The performance over the last five days has remained in the red territory. The rise to weekly highs of 3.25 on recent trading dayincreased the stock’s daily price by 28.92%. The company’s shares are currently down -52.60% year-to-date, but still down -30.11% over the last five days. On the other hand, iQIYI Inc ADR (NASDAQ:IQ) is -26.10% down in the 30-day period. We can see from the shorts that 59.08 million shares have been sold at a short interest cover period of 6.85 day(s).
The consensus price target as assigned by Wall Street analysts is $12.65, which translates to bulls needing to increase their stock price by 81.74% from its current value. Analyst projections state that IQ is forecast to be at a low of $3 and a high of $19.
iQIYI Inc ADR (IQ) estimates and forecasts
iQIYI Inc ADR share prices are performing particularly well not compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -34.10 percent over the past six months and at a -9.76% annual growth rate that is well below the industry average of 30.30%.
iQIYI Inc ADR earnings are expected to increase by -34.15% in 2024, but the outlook is positive 4.49% per year for the next five years.
IQ Dividends
iQIYI Inc ADR’s next quarterly earnings report is expected to be released on 2024-Aug-22.
iQIYI Inc ADR (NASDAQ:IQ)’s Major holders
JPMORGAN CHASE & CO, with 2.7933% or 26.81 million shares worth $98.38 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
KraneShares CSI China Internet ETF and Vanguard International Stock Index-Total Intl Stock Indx were the top two Mutual Funds as of Mar 31, 2024. The former held 18.45 shares worth $42.43 million, making up 3.51% of all outstanding shares. On the other hand, Vanguard International Stock Index-Total Intl Stock Indx held roughly 6.15 shares worth around $14.15 million, which represents about 1.17% of the total shares outstanding.
