In the last trading session, 25.06 million shares of the iQIYI Inc ADR (NASDAQ:IQ) were traded, and its beta was -0.16. Most recently the company’s share price was $2.21, and it changed around $0.01 or 0.45% from the last close, which brings the market valuation of the company to $1.16B. IQ currently trades at a discount to its 52-week high of $5.80, offering almost -162.44% off that amount. The share price’s 52-week low was $1.82, which indicates that the current value has risen by an impressive 17.65% since then. We note from iQIYI Inc ADR’s average daily trading volume that its 10-day average is 35.34 million shares, with the 3-month average coming to 28.78 million.
iQIYI Inc ADR stock received a consensus recommendation rating of Hold, based on a mean score of 2.08. If we narrow it down even further, the data shows that 0 out of 21 analysts rate the stock as a Sell; another 2 rate it as Overweight. Among the rest, 10 recommended IQ as a Hold, whereas 9 deemed it a Buy, and 0 rated it as Underweight. iQIYI Inc ADR is expected to report earnings per share of 0.44 for the current quarter.
iQIYI Inc ADR (NASDAQ:IQ) trade information
Instantly IQ has showed a green trend with a performance of 0.45% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of 2.54 on recent trading dayincreased the stock’s daily price by 12.99%. The company’s shares are currently up 9.95% year-to-date, but still down -11.24% over the last five days. On the other hand, iQIYI Inc ADR (NASDAQ:IQ) is 5.24% up in the 30-day period. We can see from the shorts that 55.02 million shares have been sold at a short interest cover period of 1.6 day(s).
The consensus price target as assigned by Wall Street analysts is $3.3, which translates to bulls needing to increase their stock price by 33.03% from its current value. Analyst projections state that IQ is forecast to be at a low of $3 and a high of $3.6.
iQIYI Inc ADR (IQ) estimates and forecasts
The year-over-year growth rate is expected to be -0.03%, down from the previous year.
Consensus estimates provided by 10 financial analysts predict the company will bring in an average of 7.1B in revenue for the current quarter. 4 analysts expect iQIYI Inc ADR to make 7.18B in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 7.93B and 7.44B respectively. Analysts predict that the company’s current quarter sales will drop, forecast at -10.50%. Forecasts for the next quarter put sales growth at -3.51%.
iQIYI Inc ADR earnings are expected to increase by 18.88% in 2025, but the outlook is positive 23.15% per year for the next five years.
IQ Dividends
iQIYI Inc ADR’s next quarterly earnings report is expected to be released on 2025-Feb-17.
iQIYI Inc ADR (NASDAQ:IQ)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 0.22% of iQIYI Inc ADR shares, and 46.46% of them are in the hands of institutional investors. The stock currently has a share float of 46.56%. iQIYI Inc ADR stock is held by 243.0 institutions, with GOLDMAN SACHS GROUP INC being the largest institutional investor. By 2024-06-30, it held 3.2515% of the shares, which is about 31.2 million shares worth $114.52 million.
JPMORGAN CHASE & CO, with 2.7319% or 26.81 million shares worth $98.38 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
KraneShares CSI China Internet ETF and Vanguard Total International Stock Index Fund were the top two Mutual Funds as of Dec 31, 2024 . The former held 20.31 shares worth $44.89 million, making up 3.87% of all outstanding shares. On the other hand, Vanguard Total International Stock Index Fund held roughly 6.21 shares worth around $13.72 million, which represents about 1.18% of the total shares outstanding.
