iQIYI Inc ADR (NASDAQ: IQ) has a higher price-to-earnings ratio of 14.72x compared to its average ratio. IQ has 36-month beta value of 0.28. Analysts have mixed views on the stock, with 3 analysts rating it as a “buy,” 1 as “overweight,” 1 as “hold,” and 0 as “sell.”
The public float for IQ is 524.69M, and currently, short sellers hold a 9.90% ratio of that float. The average trading volume of IQ on April 15, 2024 was 8.71M shares.
IQ) stock’s latest price update
iQIYI Inc ADR (NASDAQ: IQ)’s stock price has plunge by -6.36relation to previous closing price of 4.40. Nevertheless, the company has seen a -8.24% plunge in its stock price over the last five trading sessions. GlobeNewsWire reported 2024-04-12 that BEIJING, April 12, 2024 (GLOBE NEWSWIRE) — iQIYI, Inc. (NASDAQ: IQ) (“iQIYI” or the “Company”), a leading provider of online entertainment video services in China, today announced that it will report its financial results for the first quarter ended March 31, 2024 before the U.S. market opens on May 16, 2024.
IQ’s Market Performance
iQIYI Inc ADR (IQ) has experienced a -8.24% fall in stock performance for the past week, with a -0.96% drop in the past month, and a -8.24% drop in the past quarter. The volatility ratio for the week is 4.81%, and the volatility levels for the past 30 days are at 3.90% for IQ. The simple moving average for the last 20 days is -1.86% for IQ stock, with a simple moving average of -10.53% for the last 200 days.
Analysts’ Opinion of IQ
Macquarie, on the other hand, stated in their research note that they expect to see IQ reach a price target of $5.12. The rating they have provided for IQ stocks is “Neutral” according to the report published on July 27th, 2023.
Credit Suisse gave a rating of “Outperform” to IQ, setting the target price at $8 in the report published on May 17th of the previous year.
IQ Trading at 7.29% from the 50-Day Moving Average
After a stumble in the market that brought IQ to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -44.06% of loss for the given period.
Volatility was left at 3.90%, however, over the last 30 days, the volatility rate increased by 4.81%, as shares surge +3.00% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +22.99% upper at present.
During the last 5 trading sessions, IQ fell by -8.24%, which changed the moving average for the period of 200-days by -22.12% in comparison to the 20-day moving average, which settled at $4.20. In addition, iQIYI Inc ADR saw -15.57% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for IQ
Current profitability levels for the company are sitting at:
- 0.09 for the present operating margin
- 0.28 for the gross margin
The net margin for iQIYI Inc ADR stands at 0.06. The total capital return value is set at 0.13. Equity return is now at value 20.94, with 4.22 for asset returns.
Based on iQIYI Inc ADR (IQ), the company’s capital structure generated 0.56 points at debt to capital in total, while cash flow to debt ratio is standing at 0.22. The debt to equity ratio resting at 1.27. The interest coverage ratio of the stock is 2.64.
Currently, EBITDA for the company is 17.36 billion with net debt to EBITDA at 3.32. When we switch over and look at the enterprise to sales, we see a ratio of 1.24. The receivables turnover for the company is 5.3for trailing twelve months and the total asset turnover is 0.71. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.57.
Conclusion
To put it simply, iQIYI Inc ADR (IQ) has had a bad performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
