iQIYI Inc ADR (NASDAQ:IQ) shares, rose in value, with the stock price up by 4.42% to the previous day’s close as strong demand from buyers drove the stock to $4.49.
Actively observing the price movement in the last trading, the stock closed the session at $4.30. The value of beta (5-year monthly) was 0.25 whereas the PE ratio was 16.04 over 12-month period. Referring to stock’s 52-week performance, its high was $7.36, and the low was $3.06. On the whole, IQ has fluctuated by 20.21% over the past month.
With the market capitalization of iQIYI Inc ADR currently standing at about $2.36 billion, investors are eagerly awaiting this quarter’s results, scheduled for May 14, 2024 – May 20, 2024. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be $0.06, which is expected to increase to $0.08 for fiscal year $0.4 and then to about $0.52 by fiscal year 2025. Data indicates that the EPS growth is expected to be 48.10% in 2025, while the next year’s EPS growth is forecast to be 30.00%.
Analysts have estimated the company’s revenue for the quarter at $1.08 billion, with a low estimate of $1.08 billion and a high estimate of $1.09 billion. According to the average forecast, sales growth in current quarter could jump down -7.30%, compared to the corresponding quarter of last year. Wall Street analysts also predicted that in 2025, the company’s y-o-y revenues would reach $4.7 billion, representing an increase of 6.80% from the revenues reported in the last year’s results.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. 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 Hold.
The stock’s technical analysis shows that the PEG ratio is about 3.57, with the price of IQ currently trading nearly 9.42% and 19.76% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 68.11, while the 7-day volatility ratio is showing 3.88% which for the 30-day chart, stands at 3.91%. Furthermore, iQIYI Inc ADR (IQ)’s beta value is 0.28, 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 4.42% in last session, and over the past year, it shrunk by -35.86%%.
Data on historical trading for iQIYI Inc ADR (NASDAQ:IQ) indicates that the trading volumes over the past 10 days have averaged 6.02 million and over the past 3 months, they’ve averaged 8.80 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 60.64% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 50.03 million shares as on Mar 15, 2024, resulting in a short ratio of 5.29. According to the data, the short interest in iQIYI Inc ADR (IQ) stood at 5.21% of shares outstanding as of Mar 15, 2024; the number of short shares registered in Feb 15, 2024 reached 42.56 million. The stock has fallen by -7.99% 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.
