In the latest trading session, 19.72 million iQIYI Inc ADR (NASDAQ:IQ) shares changed hands as the company’s beta touched 0.04. With the company’s most recent per share price at $2.11 changed hands at -$0.15 or -6.65% at last look, the market valuation stands at $1.11B. IQ’s current price is a discount, trading about -174.88% off its 52-week high of $5.80. The share price had its 52-week low at $1.82, which suggests the last value was 13.74% up since then.
Analysts gave the iQIYI Inc ADR (IQ) stock a consensus recommendation rating of Buy, calculated at a mean rating of 2.00. 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 0.44.
iQIYI Inc ADR (NASDAQ:IQ) trade information
Instantly IQ was in red as seen in intraday trades today. With action -17.13%, the performance over the past five days has been red. The company’s shares are showing year-to-date upside of 4.73%, with the 5-day performance at -17.13% in the red. However, in the 30-day time frame, iQIYI Inc ADR (NASDAQ:IQ) is 5.25% up.
The consensus price target for the stock as assigned by Wall Street analysts is 3, meaning bulls need an upside of 29.67% from its recent market value. According to analyst projections, IQ’s forecast low is 2.5 with 3.6 as the target high. To hit the forecast high, the stock’s price needs a -70.62% plunge from its current level, while the stock would need to soar -18.48% for it to hit the projected low.
iQIYI Inc ADR (IQ) estimates and forecasts
Year-over-year growth is forecast to reach -0.10% down from the last financial year.
Consensus estimates given by 8 financial analysts project the company’s revenue in the current quarter to hit an average of 7.09B. 3 analysts are of the opinion that iQIYI Inc ADR’s revenue for the current quarter will be 7.32B. The company’s revenue for the corresponding quarters a year ago was 7.93B and 7.44B respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -10.51%. The estimates for the next quarter sales put growth at -1.66%.
The 2025 estimates are for iQIYI Inc ADR earnings to increase by 17.68%, but the outlook for the next 5-year period is at 22.58% per year.
iQIYI Inc ADR (NASDAQ:IQ)’s Major holders
JPMORGAN CHASE & CO holds the second largest percentage of outstanding shares, with 2.7319% 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 $23.19 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 1.18% of the shares, roughly 6.21 shares worth around $13.1 million.
