iQIYI Inc. (NASDAQ:IQ) does about 19.72M shares in volume on a normal day but saw 16362726 shares change hands in Monday trading. The company now has a market cap of 4.82B USD. Its current market price is $5.80, marking an increase of 1.93% compared to the previous close of $5.69. The 52 week high reached by this stock is $7.10 whilst the lowest price level in 52 weeks is $1.65. The script in recent trading has seen the stock touch a high of $5.95 and a low of $5.57.
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iQIYI Inc. (IQ) has a 20-day trading average at $5.65 and the current price is -18.31% off the 52-week high compared with 251.52% distance from its 52-week low. The 50-day simple moving average of the closing price is $4.13 and its 200-day simple moving average is $3.69. If we look at the stock’s price movements over the week, volatility stands at 9.17%, which increases to 11.00% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 57.52 to suggest the stock is neutral.
The consensus objective for the share price is $5.83, suggesting that the stock has a potential upside of 0.51% over the period.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on January 19, 2023 when Morgan Stanley upgraded the stock to “Equal-Weight” and issued a price target of between $2.80 and $5.10. UBS upgraded its price target at $4.80.
The current price level is 3.92%, 42.99%, and 57.08% away from its SMA20, SMA50, and SMA200 respectively, with the IQ price moving below the 50-day SMA on January 23. iQIYI Inc. (IQ) stock is down -13.30% over the week and 62.47% over the past month. Its price is 9.43% year-to-date and 22.36% over the past year.
The stock last released its quarterly earnings report for quarter ended 6/29/2022, with the company’s earnings per share (EPS) of -$0.04 above consensus estimates by $0.02. IQ’s earnings per share are forecast to grow by 98.20% this year and 500.00% over next year. Expected sales for next quarter are $1.04 billion, which analysts say will come at $4 billion for the current fiscal year and next year at $4.25 billion. In addition, estimates put the company’s current quarterly revenue at an average of $1.02 billion.
To reach the target analysts have set, the stock logically needs to grow 0.51 percent from here.
Outstanding shares total 868.85M with insiders holding 0.29% of the shares and institutional holders owning 61.06% of the company’s common stock. The company has a return on investment of -20.10% and return on equity of -37.60%. The forward price to earnings ratio is 34.12. The beta has a value of 0.48. Price to book ratio is 6.37 and price to sales ratio is 1.13.
According to a U.S. Securities and Exchange Commission filing, KraneShares CSI China Internet ET has added its position in iQIYI Inc. (IQ) to 13,615,953 shares, mirroring a recent increase by 0.27%. KraneShares CSI China Internet ET added 36924.0 shares of iQIYI Inc. common stock bringing its total worth to about $72.16 million at the end of recent close, SEC documents show. Vanguard Total International Stoc cut their holdings by -2.64% in the company over the course of the most recent quarter. It now holds a 1.05% position in iQIYI Inc. thanks to 4.06 million shares amounting to $21.54 million.
