iQIYI Inc ADR (NASDAQ: IQ)’s stock price has decreased by -4.89 compared to its previous closing price of 2.66. However, the company has seen a -15.67% decrease in its stock price over the last five trading sessions. prnewswire.com reported 2024-10-10 that BEIJING, Oct. 10, 2024 /PRNewswire/ — iQIYI, China’s leading online entertainment platform, released its viewership data and content trends for the 2024 National Day Holiday (October 1-7) this week, revealing an 11% sequential increase in total viewing time compared to the pre-holiday period and highlighting a growing appetite for diverse content. Viewers turned to traditional favorites like drama series, films, and animation, while light and entertaining genres such as comedy and variety shows saw exceptional growth, and short-form content continued to gain popularity as a general trend.
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 10.68x compared to its average ratio. IQ has 36-month beta value of 0.07. 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 11.42% ratio of that float. The average trading volume of IQ on October 15, 2024 was 15.99M shares.
IQ’s Market Performance
IQ stock saw an increase of -15.67% in the past week, with a monthly gain of 28.43% and a quarterly increase of -32.53%. The volatility ratio for the week is 6.62%, and the volatility levels for the last 30 days are 8.15% for iQIYI Inc ADR (IQ). The simple moving average for the last 20 days is -2.95% for IQ stock, with a simple moving average of -31.88% for the last 200 days.
Analysts’ Opinion of IQ
HSBC Securities gave a rating of “Reduce” to IQ, setting the target price at $3 in the report published on July 23rd of the current year.
IQ Trading at -2.27% 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 -56.38% of loss for the given period.
Volatility was left at 8.15%, however, over the last 30 days, the volatility rate increased by 6.62%, as shares surge +28.43% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -19.94% lower at present.
During the last 5 trading sessions, IQ fell by -15.67%, which changed the moving average for the period of 200-days by -46.40% in comparison to the 20-day moving average, which settled at $2.61. In addition, iQIYI Inc ADR saw -48.16% 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
- 0.27 for the gross margin
The net margin for iQIYI Inc ADR stands at 0.05. The total capital return value is set at 0.12. 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 0.56 points at debt to capital in total, while cash flow to debt ratio is standing at 0.17. The debt to equity ratio resting at 1.28. The interest coverage ratio of the stock is 2.47.
Currently, EBITDA for the company is 17.36 billion with net debt to EBITDA at 3.38. When we switch over and look at the enterprise to sales, we see a ratio of 0.89. The receivables turnover for the company is 11.69for trailing twelve months and the total asset turnover is 0.65. 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.
