iQIYI Inc ADR (NASDAQ:IQ) shares, rose in value, with the stock price down by -0.74% to the previous day’s close as strong demand from buyers drove the stock to $2.70.
Actively observing the price movement in the last trading, the stock closed the session at $2.72, falling within a range of $2.66 and $2.79. The value of beta (5-year monthly) was 0.068 whereas the PE ratio was 11.40 over 12-month period. Referring to stock’s 52-week performance, its high was $5.80, and the low was $1.92. On the whole, IQ has fluctuated by -10.30% over the past month.
With the market capitalization of iQIYI Inc ADR currently standing at about $1.42 billion, investors are eagerly awaiting this quarter’s results, scheduled for on 2024-Nov-21.
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 Hold on average. However, medium-term indicators have put the stock in the category of 50% 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 1.14, with the price of IQ currently trading nearly 2.35% and 10.74% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 54.34, while the 7-day volatility ratio is showing 5.11% which for the 30-day chart, stands at 6.35%. Furthermore, iQIYI Inc ADR (IQ)’s beta value is 0.06, and its average true range (ATR) is 0.19.
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 -0.74% in last session, and over the past year, it shrunk by -43.98%%.
Data on historical trading for iQIYI Inc ADR (NASDAQ:IQ) indicates that the trading volumes over the past 10 days have averaged 13.2 and over the past 3 months, they’ve averaged 16.93 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 70.42% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 56.89 million shares as on 2024-10-15, resulting in a short ratio of 2.02. According to the data, the short interest in iQIYI Inc ADR (IQ) stood at 1108.00 of shares outstanding as of 2024-10-15; the number of short shares registered in 2024-09-13 reached 56.15 million. The stock has fallen by -44.67% 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.
