iQIYI, Inc. (NASDAQ:IQ) shares, dropped in value on Wednesday, Apr 07, with the stock price down by -5.78% to the previous day’s close as weak demand from buyers trailed the stock to $17.6.
Actively observing the price movement in the last trading, the stock closed the session at $18.68, falling within a range of $17.43 and $18.95. 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 $28.97, and the low was $14.51. On the whole, IQ has fluctuated by -31.68% over the past month.
With the market capitalization of iQIYI, Inc. currently standing at about $13.87 Billion, investors are eagerly awaiting this quarter’s results, scheduled for May 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 -$0.38, which is expected to increase to -$1.46 for fiscal year 2021 and then to about -$0.52 by fiscal year 2022. Data indicates that the EPS growth is expected to be -0.28% in 2021, while the next year’s EPS growth is forecast to be -0.5%.
Analysts have estimated the company’s revenue for the quarter at $1.12 Billion, with a low estimate of $1.09 Billion and a high estimate of $1.15 Billion. According to the average forecast, sales growth in current quarter could jump up +2.4%, 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 $4.99 Billion, representing an increase of 9.8% from the revenues reported in the last year’s results.
We see that IQ’s technical picture suggests that short-term indicators denote the stock is a Hold on average. However, medium term indicators have put the stock in the category of 50% Buy while long term indicators on average have been pointing out that it is a 100% Sell.
24 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 11 analyst(s), 8 recommend it as a Buy and 2 called the IQ stock Outperform. In the meantime, 1 analyst(s) believe the stock as Underperform and 2 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 Overweight.
Data on historical trading for iQIYI, Inc. (NASDAQ:IQ) indicates that the trading volumes over the past 10 days have averaged 63.19 Million and over the past 3 months, they’ve averaged 17.28 Million. According to company’s latest data on outstanding shares, there are 789.28 Million shares outstanding.
Even if you’re not actively in crypto, you deserve to know what’s actually going on...
Because while leading assets such as Bitcoin (BTC) and Ethereum (ETH) are climbing in value, a select group of public “crypto stocks” are surging right along with them. More importantly, these stocks are outpacing the returns these leading crypto assets aren already producing.
Click here to get the full story… along with our long list of backdoor Bitcoin strategies. It’s free.
Nearly 0.3% of iQIYI, Inc.’s shares belong to company insiders and institutional investors own 74.5% of the company’s shares, according to Thomson Reuters’ data. The data on short interest also indicates that stock shorts accounted for 62.5 Million shares as on March 14, 2021, resulting in a short ratio of 4.91. According to the data, the short interest in iQIYI, Inc. (IQ) stood at 7.92% of shares outstanding as of March 14, 2021; the number of short shares registered in February reached 54.29 Million. The stock has risen by +0.69% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the IQ stock heading into the next quarter.