The stock of iQIYI Inc ADR (NASDAQ: IQ) has decreased by -5.75 when compared to last closing price of 2.61. Despite this, the company has experienced a -3.53% fall in its stock price over the last five trading sessions. prnewswire.com reported 2024-10-31 that BEIJING, Oct. 31, 2024 /PRNewswire/ — iQIYI, China’s leading online entertainment platform, premiered Fangs of Fortune in late October, the latest release under ‘Love On Theater.’ Inspired by The Classic of the Mountains and Seas, an ancient Chinese mythological text, this fantasy period drama unfolds in a rich universe filled with Chinese cultural elements, brought to life through state-of-the-art technologies and virtual production.
Is It Worth Investing in iQIYI Inc ADR (NASDAQ: IQ) Right Now?
iQIYI Inc ADR (NASDAQ: IQ) has a price-to-earnings ratio of 10.38x that is above its average ratio. Additionally, the 36-month beta value for IQ is 0.07. There are mixed opinions on the stock, with 3 analysts rating it as a “buy,” 1 rating it as “overweight,” 1 rating it as “hold,” and 0 rating it as “sell.”
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The public float for IQ is 524.90M and currently, short sellers hold a 10.84% ratio of that float. The average trading volume of IQ on November 04, 2024 was 17.05M shares.
IQ’s Market Performance
IQ’s stock has seen a -3.53% decrease for the week, with a -17.45% drop in the past month and a -21.15% fall in the past quarter. The volatility ratio for the week is 6.34%, and the volatility levels for the past 30 days are at 6.17% for iQIYI Inc ADR The simple moving average for the last 20 days is -4.93% for IQ stock, with a simple moving average of -31.21% 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 1.41% 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 -57.59% of loss for the given period.
Volatility was left at 6.17%, however, over the last 30 days, the volatility rate increased by 6.34%, as shares sank -20.65% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -5.38% lower at present.
During the last 5 trading sessions, IQ fell by -3.53%, which changed the moving average for the period of 200-days by -34.22% in comparison to the 20-day moving average, which settled at $2.59. In addition, iQIYI Inc ADR saw -49.59% 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
In conclusion, iQIYI Inc ADR (IQ) has seen bad performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others rating it 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.
