In last trading session, iQIYI Inc ADR (NASDAQ:IQ) saw 12.06 million shares changing hands with its beta currently measuring 0.07. Company’s recent per share price level of $2.45 trading at $0.06 or 2.51% at ring of the bell on the day assigns it a market valuation of $1.29B. That closing price of IQ’s stock is at a discount of -136.73% from its 52-week high price of $5.80 and is indicating a premium of 21.63% from its 52-week low price of $1.92. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 28.59 million shares which gives us an average trading volume of 16.28 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 2.07. 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. The company is expected to be making an EPS of -0.01 in the current quarter.
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iQIYI Inc ADR (NASDAQ:IQ) trade information
Upright in the green during last session for gaining 2.51%, in the last five days IQ remained trading in the red while hitting it’s week-highest on Thursday, 10/10/24 when the stock touched $2.45 price level, adding 10.26% to its value on the day. iQIYI Inc ADR’s shares saw a change of -49.80% in year-to-date performance and have moved -8.92% in past 5-day. iQIYI Inc ADR (NASDAQ:IQ) showed a performance of 19.51% in past 30-days. Number of shares sold short was 59.93 million shares which calculate 3.19 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 9.5 to the stock, which implies a rise of 74.21% to its current value. Analysts have been projecting 2.5 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 drop -2.04% in reaching the projected high whereas dropping to the targeted low would mean a loss of -2.04% 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 -41.25% of value to its shares in past 6 months, showing an annual growth rate of -41.46% while that of industry is 18.40. Apart from that, the company came lowering its revenue forecast for fiscal year 2024. This year revenue growth is estimated to fall -5.70% from the last financial year’s standing.
13 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 1.02B for the same. And 11 analysts are in estimates of company making revenue of 1.05B in the next quarter. Company posted 1.12B and 1.09B of sales in current and next quarters respectively a year earlier.
In 2024, company’s earnings growth rate is likely to be around -44.44% while estimates for its earnings growth in next 5 years are of 12.00%.
iQIYI Inc ADR (NASDAQ:IQ)’s Major holders
GOLDMAN SACHS GROUP INC is the top institutional holder at IQ for having 31.2 million shares of worth $114.52 million. And as of 2024-06-30, it was holding 3.2515 of the company’s outstanding shares.
The second largest institutional holder is JPMORGAN CHASE & CO, which was holding about 26.81 million shares on 2024-06-30. The number of shares represents firm’s hold over 2.7933 of outstanding shares, having a total worth of $98.38 million.
