Qutoutiao Inc. (NASDAQ:QTT) went down by -9.23% from its latest closing price compared to the recent 1-year high of $6.55. The company’s stock price has collected -12.60% of loss in the last five trading sessions. Press Release reported on 12/29/20 that Roche Cyrulnik Freedman LLP was appointed Lead Counsel and is actively pursuing claims on behalf of investors in a securities class action against Qutoutiao, Inc.
Is It Worth Investing in Qutoutiao Inc. (NASDAQ :QTT) Right Now?
Opinions of the stock are interesting as 2 analysts out of 2 who provided ratings for Qutoutiao Inc. declared the stock was a “buy,” while 0 rated the stock as “overweight,” 0 rated it as “hold,” and 0 as “sell.”
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The average price from analysts is $16.99, which is -$1.64 below the current price. QTT currently public float of 165.30M and currently shorts hold a 7.80% ratio of that float. Today, the average trading volume of QTT was 7.56M shares.
QTT’s Market Performance
QTT stocks went down by -12.60% for the week, with a monthly drop of -2.53% and a quarterly performance of 81.55%, while its annual performance rate touched -28.18%. The volatility ratio for the week stands at 13.93% while the volatility levels for the past 30 days are set at 15.03% for Qutoutiao Inc.. The simple moving average for the period of the last 20 days is 8.34% for QTT stocks with a simple moving average of 55.23% for the last 200 days.
Analysts’ Opinion of QTT
Citigroup, on the other hand, stated in their research note that they expect to see QTT reach a price target of $14. The rating they have provided for QTT stocks is “Buy” according to the report published on April 16th, 2019.
QTT Trading at 47.42% from the 50-Day Moving Average
After a stumble in the market that brought QTT to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -35.42% of loss for the given period.
Volatility was left at 15.03%, however, over the last 30 days, the volatility rate increased by 13.93%, as shares surge +25.52% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +67.19% upper at present.
During the last 5 trading sessions, QTT fell by -12.60%, which changed the moving average for the period of 200-days by +86.34% in comparison to the 20-day moving average, which settled at $3.95. In addition, Qutoutiao Inc. saw 166.04% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for QTT
Current profitability levels for the company are sitting at:
- -49.43 for the present operating margin
- +70.41 for the gross margin
The net margin for Qutoutiao Inc. stands at -48.27. The total capital return value is set at -205.17, while invested capital returns managed to touch -260.54. Equity return is now at value 143.00, with -66.90 for asset returns.
When we switch over and look at the enterprise to sales, we see a ratio of 0.33, with the company’s debt to enterprise value settled at 0.19. The receivables turnover for the company is 9.82 and the total asset turnover is 1.96. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.44.