In today’s recent session, 24.38 million shares of the iQIYI Inc ADR (NASDAQ:IQ) have been traded, and its beta is -0.06. Most recently the company’s share price was $1.74, and it changed around $0.1 or 6.10% from the last close, which brings the market valuation of the company to $919.42M. IQ at last check was trading at a discount to its 52-week high of $5.80, offering almost -233.33% off that amount. The share price’s 52-week low was $1.50, which indicates that the recent value has risen by an impressive 13.79% since then. We note from iQIYI Inc ADR’s average daily trading volume that its 10-day average is 60.15 million shares, with the 3-month average coming to 36.83 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 22 analysts rate the stock as a Sell; another 3 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 been showing a green trend so far today with a performance of 6.10% on intraday trading today. The rise to weekly highs of 1.7900 on recent trading dayincreased the stock’s daily price by 2.79%. On the other hand, iQIYI Inc ADR (NASDAQ:IQ) is -25.96% down in the 30-day period. We can see from the shorts that 59.57 million shares have been sold at a short interest cover period of 1.68 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 47.27% 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 19.29% in 2025, but the outlook is positive 23.35% 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 0.21% of iQIYI Inc ADR shares, and 46.24% of them are in the hands of institutional investors. The stock currently has a share float of 46.34%. iQIYI Inc ADR stock is held by 242.0 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.
Krane Shares Trust-KraneShares CSI China Internet ETF and VANGUARD STAR FUNDS-Vanguard Total International Stock Index Fund were the top two Mutual Funds as of Dec 31, 2024 . The former held 20.31 shares worth $35.14 million, making up 3.84% of all outstanding shares. On the other hand, VANGUARD STAR FUNDS-Vanguard Total International Stock Index Fund held roughly 6.77 shares worth around $11.71 million, which represents about 1.28% of the total shares outstanding.
