iQIYI Inc ADR (NASDAQ:IQ) price is hovering higher on Monday, April 15, jumping 3.76% above its previous close.
A look at today’s price movement shows that the recent level at last check reads $4.12. The company’s P/E ratio in the trailing 12-month period read 15.27. Taking into account the 52-week price action we note that the stock hit a 52-week high of $7.36 and 52-week low of $3.06. The stock added 6.88% on its value in the past month.
iQIYI Inc ADR, which has a market valuation of $2.24 billion. Analysts tracking IQ have forecast the quarterly EPS to grow by 0.06 per share this quarter, while the same analysts predict the annual EPS to hit $0.4 for the year 2024 and up to $0.51 for 2025. In this case, analysts estimate an annual EPS growth of 48.10% for the year and 27.50% for the next year.
On average, analysts have forecast the company’s revenue for the quarter will hit $1.08 billion, with the likely lows of $1.08 billion and highs of $1.09 billion. The average estimate suggests sales growth for the quarter will likely fall by -7.30% when compared to those recorded in the same quarter in the last financial year. Staying with the analyst view, there is a consensus estimate of $4.7 billion for the company’s annual revenue in 2024. Per this projection, the revenue is forecast to grow 6.80% above that which the company brought in 2024.
Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with — upward and — downward reviews. On the technical perspective front, indicators give IQ a short term outlook of 50% Buy on average. Looking at the stock’s medium term indicators we note that it is averaging as a 50% Sell, while an average of long term indicators are currently assigning the stock as 50% Sell.
If we dive deeper into the stock’s performance we see the positive picture represented by the PEG ratio, currently standing at 3.40. The overview shows that IQ’s price is at present 1.69% off the SMA20 and 10.89% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 54.01, with weekly volatility standing at 4.81%. The indicator jumps to 3.90% when calculated based on the past 30 days. iQIYI Inc ADR (NASDAQ:IQ)’s beta value is holding at 0.28, while the average true range (ATR) indicator is currently reading 0.19.
An analysis of the iQIYI Inc ADR (NASDAQ:IQ) stock in terms of its daily trading volume indicates that the 3-month average is 8.75 million.
Current records show that the company has 525.01M in outstanding shares. The insiders’ percentage holdings are 0.06% of outstanding shares while the percentage share held by institutions stands at 60.83%. But the -12.40% downside, the stock’s price has registered year-to-date as of today’s value, will likely reignite investor interest given the prospect of it rallying even higher.
