In the latest trading session, 7.94 million iQIYI Inc ADR (NASDAQ:IQ) shares changed hands as the company’s beta touched -0.23. With the company’s most recent per share price at $2.44 changed hands at -$0.05 or -1.81% at last look, the market valuation stands at $1.28B. IQ’s current price is a discount, trading about -137.7% 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 25.41% up since then. When we look at iQIYI Inc ADR’s average trading volume, we note the 10-day average is 34.29 million shares, with the 3-month average coming to 26.48 million.
Analysts gave the iQIYI Inc ADR (IQ) stock a consensus recommendation rating of Buy, calculated at a mean rating of 2.04. 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 6.30%, the performance over the past five days has been green. The company’s shares are showing year-to-date upside of 21.64%, with the 5-day performance at 6.30% in the green. However, in the 30-day time frame, iQIYI Inc ADR (NASDAQ:IQ) is -3.74% down. Looking at the short shares, we see there were 49.86 million shares sold at short interest cover period of 1.48 days.
The consensus price target for the stock as assigned by Wall Street analysts is 3.3, meaning bulls need an upside of 26.06% from its recent market value. According to analyst projections, IQ’s forecast low is 3 with 3.6 as the target high. To hit the forecast high, the stock’s price needs a -47.54% plunge from its current level, while the stock would need to soar -22.95% for it to hit the projected low.
iQIYI Inc ADR (IQ) estimates and forecasts
Year-over-year growth is forecast to reach 0.30% up from the last financial year.
Consensus estimates given by 9 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 -10.50%. The estimates for the next quarter sales put growth at -1.66%.
iQIYI Inc ADR (NASDAQ:IQ)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 0.22% of iQIYI Inc ADR shares while 46.45% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 46.55%. There are 46.45% institutions holding the iQIYI Inc ADR stock share, with GOLDMAN SACHS GROUP INC the top institutional holder. As of 2024-06-30, the company held 3.2515% of the shares, roughly 31.2 million IQ shares worth $114.52 million.
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 Dec 31, 2024 were KraneShares CSI China Internet ETF and Vanguard International Stock Index-Total Intl Stock Indx. With 20.31 shares estimated at $49.46 million under it, the former controlled 3.87% 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 $15.11 million.
