During the last session, iQIYI Inc ADR (NASDAQ:IQ)’s traded shares were 18.07 million, with the beta value of the company hitting 0.04. At the end of the trading day, the stock’s price was $1.94, reflecting an intraday loss of -11.06% or -$0.24. The 52-week high for the IQ share is $5.80, that puts it down -198.97 from that peak though still a striking 1.03% gain since the share price plummeted to a 52-week low of $1.92. The company’s market capitalization is $1.02B, and the average intraday trading volume over the past 10 days was 15.17 million shares, and the average trade volume was 18.72 million shares over the past three months.
iQIYI Inc ADR (IQ) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 2.12. IQ has a Sell rating from 1 analyst(s) out of 21 analysts who have looked at this stock. 10 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 10 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be 0.35.
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iQIYI Inc ADR (NASDAQ:IQ) trade information
iQIYI Inc ADR (IQ) registered a -11.06% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -11.06% in intraday trading to $1.94, hitting a weekly high. The stock’s 5-day price performance is -11.47%, and it has moved by -23.37% in 30 days. Based on these gigs, the overall price performance for the year is -59.18%. The short interest in iQIYI Inc ADR (NASDAQ:IQ) is 55.77 million shares and it means that shorts have 2.4 day(s) to cover.
The consensus price target of analysts on Wall Street is $7.8, which implies an increase of 75.13% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $2.5 and $19 respectively. As a result, IQ is trading at a discount of -879.38% off the target high and -28.87% off the low.
iQIYI Inc ADR (IQ) estimates and forecasts
Statistics show that iQIYI Inc ADR has underperformed its competitors in share price, compared to the industry in which it operates. iQIYI Inc ADR (IQ) shares have gone down -59.35% during the last six months, with a year-to-date growth rate less than the industry average at -41.46% against 1.30. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to shrink -49.83% this quarter and then drop -11.49% in the quarter after that. In the rating firms’ projections, revenue will decrease -5.77% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 7.42B as predicted by 12 analyst(s). As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 7.71B and 7.93B respectively.
While earnings are projected to return -38.70% in 2024, the next five years will return 10.00% per annum.
IQ Dividends
iQIYI Inc ADR is due to release its next quarterly earnings in December. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
iQIYI Inc ADR (NASDAQ:IQ)’s Major holders
The next largest institutional holding, with 26.81 million shares, is of JPMORGAN CHASE & CO’s that is approximately 2.7933% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $98.38 million.
Also, the Mutual Funds coming in first place with the largest holdings of iQIYI Inc ADR (IQ) shares are KraneShares CSI China Internet ETF and Vanguard International Stock Index-Total Intl Stock Indx. Data provided on Jun 30, 2024 indicates that KraneShares CSI China Internet ETF owns about 11.68 shares. This amounts to just over 2.23 percent of the company’s overall shares, with a $22.55 million market value. The same data shows that the other fund manager holds slightly less at 6.16, or about 1.17% of the stock, which is worth about $11.9 million.
