iQIYI Inc ADR (NASDAQ:IQ)’s traded shares stood at 2.77 million during the last session, with the company’s beta value hitting 0.03. At the last check today, the stock’s price was $2.18, to imply a decrease of -0.46% or -$0.01 in intraday trading. The IQ share’s 52-week high remains $5.80, putting it -166.06% down since that peak but still an impressive 11.93% since price per share fell to its 52-week low of $1.92. The company has a valuation of $1.14B, with an average of 14.11 million shares in intraday trading volume over the past 10 days and average of 18.25 million shares over the past 3 months.
Analysts have given a consensus recommendation of Buy for iQIYI Inc ADR (IQ), translating to a mean rating of 2.12. Of 21 analyst(s) looking at the stock, 1 analyst(s) give IQ a Sell rating. 0 of those analysts rate the stock as Overweight while 10 advise Hold as 10 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at 0.39.
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iQIYI Inc ADR (NASDAQ:IQ) trade information
After registering a -0.46% downside in the latest session, iQIYI Inc ADR (IQ) has traded red over the past five days. The 5-day price performance for the stock is -6.84%, and -7.63% over 30 days. With these gigs, the year-to-date price performance is -55.33%. Short interest in iQIYI Inc ADR (NASDAQ:IQ) saw shorts transact 55.77 million shares and set a 2.4 days time to cover.
The extremes give us $2.5 and $19 for target low and target high price respectively. As such, IQ has been trading -771.56% off suggested target high and -14.68% from its likely low.
iQIYI Inc ADR (IQ) estimates and forecasts
Looking at statistics comparing iQIYI Inc ADR share performance against respective industry, we note that the company has underperformed competitors. iQIYI Inc ADR (IQ) shares are -58.56% down over the last 6 months, with its year-to-date growth rate lower than industry average at -41.46% against 5.50%. Revenue is forecast to shrink -38.92% this quarter before falling -49.83% for the next one. The rating firms project that company’s revenue will shrink -5.77% compared to the previous financial year.
Revenue forecast for the current quarter as set by 17 analysts is 7.25B. Meanwhile, for the current quarter, a total of 12 analyst(s) estimate revenue growth to 7.42B.Earnings reports from the last fiscal year show that sales brought in 8.02B and 7.71B respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to fall -9.52% before dropping -3.69% in the following quarter.
IQ Dividends
iQIYI Inc ADR has its next earnings report out in December. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.
The next major institution holding the largest number of shares is JPMORGAN CHASE & CO with 26.81 million shares, or about 2.7933% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $98.38 million.
