Qutoutiao Inc. (NASDAQ:QTT) shares, rose in value on Wednesday, Jan 13, with the stock price up by 10.31% to the previous day’s close as strong demand from buyers drove the stock to $2.14.
Actively observing the price movement in the last trading, the stock closed the session at $1.94, falling within a range of $1.9400 and $2.1800. The value of beta (5-year monthly) was 0 whereas the PE ratio was 0 over 12-month period. Referring to stock’s 52-week performance, its high was $6.55, and the low was $1.53. On the whole, QTT has fluctuated by -18.32% over the past month.
With the market capitalization of Qutoutiao Inc. currently standing at about $655.03 Million, investors are eagerly awaiting this quarter’s results, scheduled for Feb 2021. The company’s Forward Dividend Ratio is 0, with its dividend yield at 0%. As a result, investors may see a weakening in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be $0, which is expected to increase to -$1.36 for fiscal year 2021 and then to about $0.05 by fiscal year 2022. Data indicates that the EPS growth is expected to be -0.73% in 2021, while the next year’s EPS growth is forecast to be -1.14%.
Analysts have estimated the company’s revenue for the quarter at $212.38 Million, with a low estimate of $212.38 Million and a high estimate of $212.38 Million. According to the average forecast, sales growth in current quarter could fell down -10.4%, compared to the corresponding quarter of last year. Wall Street analysts also predicted that in 2021, the company’s y-o-y revenues would reach $807.74 Million, representing an increase of 1.5% from the revenues reported in the last year’s results.
We see that QTT’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium term indicators have put the stock in the category of 100% Sell while long term indicators on average have been pointing out that it is a 100% Sell.
2 analyst(s) have assigned their ratings of the stock’s forecast evaluation on a scale of 1.00-5.00 to indicate a strong buy to a strong sell recommendation. The stock is rated as a Hold by none analyst(s), 2 recommend it as a Buy and no body called the QTT stock Outperform. In the meantime, none analyst(s) believe the stock as Underperform and none think it is a Sell. Thus, investors eager to increase their holdings of the company’s stock will have an opportunity to do so as the average rating for the stock is Buy.
A comparison of Qutoutiao Inc. (QTT) with its peers suggests the former has fared considerably weaker in the market. QTT showed an intraday change of +10.31% in last session, and over the past year, it dropped by -47.03%. In comparison, Paypal Holdings (PYPL) has moved higher at +3.06% on the day and was up +113.63% over the past 12 months. On the other hand, the price of Square (SQ) has risen 1.49% on the day. The stock, however, is off 238.74% from where it was a year ago. Additionally, there is a gain of 1031% for Zoom Video Communications Cl A (ZM) in last trading while the stock has seen an overall depriciation of -47.03% over the past year. The PE ratio stands at 0 for Qutoutiao Inc., compared to 92.48 for Paypal Holdings, and 498.75 for Square. Other than that, the overall performance of the S&P 500 during the last trading session shows that it gained 0.23%. Meanwhile, the Dow Jones Industrial weakened by -0.03%.
Data on historical trading for Qutoutiao Inc. (NASDAQ:QTT) indicates that the trading volumes over the past 10 days have averaged 3.94 Million and over the past 3 months, they’ve averaged 1.85 Million. According to company’s latest data on outstanding shares, there are 266.83 Million shares outstanding.
Nearly 3.25% of Qutoutiao Inc.’s shares belong to company insiders and institutional investors own 5.58% of the company’s shares, according to Thomson Reuters’ data. The data on short interest also indicates that stock shorts accounted for 10.37 Million shares as on December 30, 2020, resulting in a short ratio of 4.34. According to the data, the short interest in Qutoutiao Inc. (QTT) stood at 3.89% of shares outstanding as of December 30, 2020; the number of short shares registered in November reached 8.55 Million. The stock has risen by +34.59% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the QTT stock heading into the next quarter.
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