In the latest trading session, 15.13 million iQIYI Inc ADR (NASDAQ:IQ) shares changed hands as the company’s beta touched 0.00. With the company’s most recent per share price at $2.30 changing hands around $0.12 or 5.50% at last look, the market valuation stands at $1.21B. IQ’s current price is a discount, trading about -152.17% off its 52-week high of $5.80. The share price had its 52-week low at $1.89, which suggests the last value was 17.83% up since then. When we look at iQIYI Inc ADR’s average trading volume, we note the 10-day average is 27.69 million shares, with the 3-month average coming to 20.18 million.
Analysts gave the iQIYI Inc ADR (IQ) stock a consensus recommendation rating of Buy, calculated at a mean rating of 2.15. If we narrow down to specifics, the data shows that 1 out of 21 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 10 recommended IQ as a Hold, 10 felt it is a Buy and 0 rated the stock as Underweight. iQIYI Inc ADR’s EPS for the current quarter is expected to be 0.19.
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iQIYI Inc ADR (NASDAQ:IQ) trade information
Instantly IQ is in green as seen in intraday trades today. With action 10.58%, the performance over the past five days has been green. The company’s shares are showing year-to-date downside of -52.87%, with the 5-day performance at 10.58% in the green. However, in the 30-day time frame, iQIYI Inc ADR (NASDAQ:IQ) is -6.50% down. Looking at the short shares, we see there were 55.77 million shares sold at short interest cover period of 2.4 days.
The consensus price target for the stock as assigned by Wall Street analysts is 7.2, meaning bulls need an upside of 68.06% from its recent market value. According to analyst projections, IQ’s forecast low is 2.5 with 19 as the target high. To hit the forecast high, the stock’s price needs a -726.09% plunge from its current level, while the stock would need to soar -8.7% for it to hit the projected low.
iQIYI Inc ADR (IQ) estimates and forecasts
Data shows that the iQIYI Inc ADR share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -47.73% over the past 6 months, a -39.02% in annual growth rate that is considerably lower than the industry average of 10.60%. Year-over-year growth is forecast to reach -8.25% down from the last financial year.
Consensus estimates given by 13 financial analysts project the company’s revenue in the current quarter to hit an average of 6.64B. 1 analysts are of the opinion that iQIYI Inc ADR’s revenue for the current quarter will be 7.29B. The company’s revenue for the corresponding quarters a year ago was 7.71B and 7.93B respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -13.88%. The estimates for the next quarter sales put growth at -8.08%.
The 2024 estimates are for iQIYI Inc ADR earnings to decrease by -42.19%, but the outlook for the next 5-year period is at 3.00% per year.
IQ Dividends
iQIYI Inc ADR is expected to release its next quarterly earnings report in January.
iQIYI Inc ADR (NASDAQ:IQ)’s Major holders
JPMORGAN CHASE & CO holds the second largest percentage of outstanding shares, with 2.7933% or 26.81 million shares worth $98.38 million as of 2024-06-30.
Among Mutual Funds, the top two as of Sep 30, 2024 were KraneShares CSI China Internet ETF and Vanguard International Stock Index-Total Intl Stock Indx. With 10.99 shares estimated at $25.5 million under it, the former controlled 2.09% of total outstanding shares. On the other hand, Vanguard International Stock Index-Total Intl Stock Indx held about 1.17% of the shares, roughly 6.16 shares worth around $14.3 million.
