iQIYI Inc ADR (NASDAQ:IQ) shares, rose in value, with the stock price down by -4.02% to the previous day’s close as strong demand from buyers drove the stock to $2.15.
Actively observing the price movement in the last trading, the stock closed the session at $2.24, falling within a range of $2.12 and $2.305. The value of beta (5-year monthly) was 0.072 whereas the PE ratio was 9.08 over 12-month period. Referring to stock’s 52-week performance, its high was $5.80, and the low was $2.08. On the whole, IQ has fluctuated by -33.02% over the past month.
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With the market capitalization of iQIYI Inc ADR currently standing at about $1.13 billion, investors are eagerly awaiting this quarter’s results, scheduled for on 2024-Aug-22.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 4.25B, with a low estimate of 1.01B and a high estimate of 1.03B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 1.02B.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that IQ’s technical picture suggests that short-term indicators denote the stock is a 100% 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.
The stock’s technical analysis shows that the PEG ratio is about 2.02, with the price of IQ currently trading nearly -26.03% and -35.46% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 24.75, while the 7-day volatility ratio is showing 6.28% which for the 30-day chart, stands at 6.15%. Furthermore, iQIYI Inc ADR (IQ)’s beta value is 0.07, and its average true range (ATR) is 0.18.
A comparison of iQIYI Inc ADR (IQ) with its peers suggests the former has fared considerably weaker in the market. IQ showed an intraday change of -4.02% in last session, and over the past year, it shrunk by -56.74%%.
Data on historical trading for iQIYI Inc ADR (NASDAQ:IQ) indicates that the trading volumes over the past 10 days have averaged 16.15 and over the past 3 months, they’ve averaged 9.44 million. According to company’s latest data on outstanding shares, there are 525.01 million shares outstanding.
Nearly 0.06% of iQIYI Inc ADR’s shares belong to company insiders and institutional investors own 70.02% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 54.97 million shares as on 2024-08-15, resulting in a short ratio of 7.1. According to the data, the short interest in iQIYI Inc ADR (IQ) stood at 1070.00 of shares outstanding as of 2024-08-15; the number of short shares registered in 2024-07-15 reached 60.5 million. The stock has fallen by -55.94% 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.
