The trading price of Qutoutiao Inc. (NASDAQ:QTT) floating higher at last check on Wednesday, July 21, closing at $1.98, 5.99% higher than its previous close.
Traders who pay close attention to intraday price movement should know that it has been fluctuating between $1.76 and $1.89. In examining the 52-week price action we see that the stock hit a 52-week high of $5.64 and a 52-week low of $1.53. Over the past month, the stock has lost -1.58% in value.
Qutoutiao Inc., whose market valuation is $563.43 million at the time of this writing, is expected to release its quarterly earnings report Sep 22, 2021 – Sep 27, 2021. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by $0 per share this quarter, however they have predicted annual earnings per share of $0 for 2021 and $0.32 for 2022. It means analysts are expecting annual earnings per share growth of 100.00%.
Analysts have forecast the company to bring in revenue of $199.69 million for the current quarter, with the likely lows of $182.37 million and highs of $182.37 million. The average estimate suggests sales will likely down by -1.00% this quarter compared to what was recorded in the comparable quarter last year. From the analysts’ viewpoint, the consensus estimate for the company’s annual revenue in 2021 is $905.48 million. The company’s revenue is forecast to grow by 10.90% over what it did in 2021.
A company’s earnings reviews provide a brief indication of a stock’s direction in the short term, where in the case of Qutoutiao Inc. No upward and no downward comments were posted in the last 7 days. On the technical side, indicators suggest QTT has a 50% Sell on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 50% Sell, while an average of long term indicators suggests that the stock is currently 100% Sell.
A quick review shows that QTT’s price is currently 9.53% off the SMA20 and 2.96% off the SMA50. The RSI metric on the 14-day chart is currently showing 59.31, and weekly volatility stands at 6.09%. When measured over the past 30 days, the indicator reaches 5.18%. Qutoutiao Inc. (NASDAQ:QTT)’s beta value is currently sitting at 0, while the Average True Range indicator is currently displaying 0.10.
To see how Qutoutiao Inc. stock has been performing today in comparison to its peers in the industry, here are the numbers: QTT stock’s performance was 5.99% at last check in today’s session, and -34.39% in the past year. Qutoutiao Inc. has a P/E ratio of 0. Also during today’s trading, the S&P 500 Index has surged 0.52%, while the Dow Jones Industrial also saw a positive session, up 0.55% today.
An evaluation of the daily trading volume of Qutoutiao Inc. (NASDAQ:QTT) indicates that the 3-month average is 1.57 million. However, this figure has increased over the past 10 days to an average of 0.97 million.
Currently, records show that 299.55 million of the company’s shares remain outstanding. The insiders hold 10.34% of outstanding shares, whereas institutions hold 5.90%. The stats also highlight that short interest as of May 27, 2021, stood at 9.24 million shares, resulting in a short ratio of 5.94 at that time. From this, we can conclude that short interest is 3.22% of the company’s total outstanding shares. It is noteworthy that short shares in May were up slightly from the previous month’s figure, which was 9.13 million. However, since the stock’s price has seen 17.61% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.