iQIYI Inc ADR (NASDAQ:IQ) price on Wednesday, January 15, rose 0.54% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $1.86.
A look at the stock’s price movement, the close in the last trading session was $1.85, moving within a range at $1.85 and $1.91. The beta value (5-Year monthly) was 0.074 while the PE ratio in trailing twelve months stood at 9.17. Turning to its 52-week performance, $5.80 and $1.82 were the 52-week high and 52-week low respectively. Overall, IQ moved -18.78% over the past month.
iQIYI Inc ADR’s market cap currently stands at around $976.91 million, with investors looking forward to this quarter’s earnings report slated for in February.
Analysts have a consensus estimate of 6.64B for the company’s revenue for the quarter, with a low and high estimate of 6.57B and 6.79B respectively. The average forecast suggests down to a -13.85% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 29.24B, representing a -8.24% decline on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that IQ is a 100% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
21 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 10 analyst(s) rate the stock as a Hold, 10 recommend IQ as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 1 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
IQ’s current price about -7.55% and -13.50% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 34.76, while 7-day volatility ratio is 4.61% and 4.82% in the 30-day chart. Further, iQIYI Inc ADR (IQ) has a beta value of 0.03, and an average true range (ATR) of 0.11. Analysts have given the company’s stock an average 52-week price target of $3, forecast between a low of $2.5 and high of $3.6. Looking at the price targets, the low is -34.41% off current price level while to achieve the yearly target high, price needs to move -93.55%. Nonetheless, investors will most likely welcome a -61.29% jump to $3 which is the analysts’ median price.
If we refocus on iQIYI Inc ADR (NASDAQ:IQ), historical trading data shows that trading volumes averaged 14.17 over the past 10 days and 17.64 million over the past 3 months. The company’s latest data on shares outstanding shows there are 525.22 million shares.
The 0.19% of iQIYI Inc ADR’s shares are in the hands of company insiders while institutional holders own 55.56% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 55.77 million on 2024-10-31, giving us a short ratio of 2.4. The data shows that as of 2024-10-31 short interest in iQIYI Inc ADR (IQ) stood at 1086.0 of shares outstanding, with shares short falling to 59.93 million registered in 2024-09-30. Current price change has pushed the stock -7.46% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the IQ stock continues to rise going into the next quarter.
