iQIYI Inc ADR (NASDAQ:IQ) has a beta value of 0.07 and has seen 26.34 million shares traded in the last trading session. The company, currently valued at $1.40B, closed the last trade at $2.66 per share which meant it gained $0.1 on the day or 3.91% during that session. The IQ stock price is -118.05% off its 52-week high price of $5.80 and 27.82% above the 52-week low of $1.92. If we look at the company’s 10-day average daily trading volume, we find that it stood at 36.38 million shares traded. The 3-month trading volume is 15.77 million shares.
The consensus among analysts is that iQIYI Inc ADR (IQ) is Buy stock at the moment, with a recommendation rating of 2.07. 1 analysts rate the stock as a Sell, while 0 rate it as Overweight. 10 out of 21 have rated it as a Hold, with 10 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is -0.01.
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iQIYI Inc ADR (NASDAQ:IQ) trade information
Sporting 3.91% in the green 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 $2.66 or saw a rise of 17.13%. Year-to-date, iQIYI Inc ADR shares have moved -45.49%, while the 5-day performance has seen it change -14.19%. Over the past 30 days, the shares of iQIYI Inc ADR (NASDAQ:IQ) have changed 33.67%. Short interest in the company has seen 59.93 million shares shorted with days to cover at 3.19.
Wall Street analysts have a consensus price target for the stock at $9.5, which means that the shares’ value could jump 72.0% from current levels. The projected low price target is $2.5 while the price target rests at a high of $19.0. In that case, then, we find that the current price level is -614.29% off the targeted high while a plunge would see the stock lose 6.02% 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 -35.44% over the past 6 months, with this year growth rate of -41.46%, compared to 18.40% for the industry. Revenue growth from the last financial year stood is estimated to be -5.00%.
13 analysts offering their estimates for the company have set an average revenue estimate of 1.03B for the current quarter. 11 have an estimated revenue figure of 1.06B for the next ending quarter. Year-ago sales stood 1.12B and 1.09B respectively for this quarter and the next, and analysts expect sales will shrink by -8.40% for the current quarter and -5.00% for the next.
Earnings growth for 2024 is a modest -44.85% while over the next 5 years, the company’s earnings are expected to increase by 12.00%.
IQ Dividends
iQIYI Inc ADR is expected to release its next earnings report in November 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 31.2 million shares worth more than $114.52 million. As of 2024-06-30, GOLDMAN SACHS GROUP INC held 3.2515% of shares outstanding.
The other major institutional holder is JPMORGAN CHASE & CO, with the holding of over 26.81 million shares as of 2024-06-30. The firm’s total holdings are worth over $98.38 million and represent 2.7933% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are KraneShares CSI China Internet ETF and Vanguard International Stock Index-Total Intl Stock Indx . As of Jun 30, 2024 , the former fund manager holds about 2.23% shares in the company for having 11.68 shares of worth $31.08 million while later fund manager owns 6.16 shares of worth $16.4 million as of Jul 31, 2024 , which makes it owner of about 1.17% of company’s outstanding stock.
