The stock of iQIYI Inc ADR (IQ) has gone down by -25.00% for the week, with a -24.76% drop in the past month and a -50.94% drop in the past quarter. The volatility ratio for the week is 9.70%, and the volatility levels for the past 30 days are 5.88% for IQ. The simple moving average for the last 20 days is -25.64% for IQ stock, with a simple moving average of -43.43% for the last 200 days.
Is It Worth Investing in iQIYI Inc ADR (NASDAQ: IQ) Right Now?
iQIYI Inc ADR (NASDAQ: IQ) has a higher price-to-earnings ratio of 9.88x compared to its average ratio. IQ has 36-month beta value of 0.08. 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.”
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The public float for IQ is 524.90M, and currently, short sellers hold a 11.25% ratio of that float. The average trading volume of IQ on August 26, 2024 was 8.73M shares.
IQ) stock’s latest price update
iQIYI Inc ADR (NASDAQ: IQ)’s stock price has plunge by -10.00relation to previous closing price of 2.60. Nevertheless, the company has seen a -25.00% plunge in its stock price over the last five trading sessions. seekingalpha.com reported 2024-08-22 that iQIYI, Inc. (NASDAQ:IQ ) Q2 2024 Earnings Conference Call August 22, 2024 7:00 AM ET Company Participants Chang You – IR Yu Gong – Founder, Director and CEO Jun Wang – CFO Xiaohui Wang – Chief Content Officer Wenfeng Liu – Chief Technology Officer Xianghua Yang – Senior Vice President of movies and overseas business San Ha Yang – Senior VP Conference Call Participants Xueqing Zhang – CICC Lincoln Kong – Goldman Sachs Maggie Ye – CLSA Thomas Chong – Jefferies Operator Thank you for standing by, and welcome to the iQIYI Second Quarter 2024 Earnings Conference Call. All participants are in a listen-only mode.
Analysts’ Opinion of IQ
HSBC Securities, on the other hand, stated in their research note that they expect to see IQ reach a price target of $3, previously predicting the price at $4.70. The rating they have provided for IQ stocks is “Reduce” according to the report published on July 23rd, 2024.
IQ Trading at -33.39% 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 -59.66% of loss for the given period.
Volatility was left at 5.88%, however, over the last 30 days, the volatility rate increased by 9.70%, as shares sank -25.24% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -43.34% lower at present.
During the last 5 trading sessions, IQ fell by -25.00%, which changed the moving average for the period of 200-days by -52.44% in comparison to the 20-day moving average, which settled at $3.11. In addition, iQIYI Inc ADR saw -52.05% 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:
- 0.1 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 14.20, with 3.70 for asset returns.
Based on iQIYI Inc ADR (IQ), the company’s capital structure generated 0.55 points at debt to capital in total, while cash flow to debt ratio is standing at 0.21. The debt to equity ratio resting at 1.23. The interest coverage ratio of the stock is 2.73.
Currently, EBITDA for the company is 17.36 billion with net debt to EBITDA at 3.16. When we switch over and look at the enterprise to sales, we see a ratio of 0.94. The receivables turnover for the company is 7.08for trailing twelve months and the total asset turnover is 0.68. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.53.
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.
