Stocks of iQIYI Inc. (NASDAQ:IQ) traded higher last session on Wall Street, up 0.34% to $5.96.
According to the data, iQIYI Inc. (NASDAQ:IQ) has 33 analysts covering its stock. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $83.98 and a low of $36.56, we find $58.70. Given the previous closing price of $5.94, this indicates a potential upside of 888.22 percent. IQ stock price is now 13.73% away from the 50-day moving average and 11.37% away from the 200-day moving average. The market capitalization of the company currently stands at $5.81B.
A total of 7 analysts have issued a hold rating and 23 have given it a buy rating. Brokers who have rated the stock have averaged $58.09 as their price target over the next twelve months.
With the price target maintained at $5.12, Macquarie recently Upgraded its rating from Underperform to Neutral for iQIYI Inc. (NASDAQ: IQ).
A total of 0.22% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in IQ stock. A new stake in iQIYI Inc. shares was purchased by SCEP MANAGEMENT LTD during the first quarter worth $52,656,000. COREVIEW CAPITAL MANAGEMENT LTD invested $44,876,000 in shares of IQ during the first quarter. In the first quarter, ANATOLE INVESTMENT MANAGEMENT LTD acquired a new stake in iQIYI Inc. valued at approximately $38,442,000. GREENWOODS ASSET MANAGEMENT HONG KONG LTD. acquired a new stake in IQ for approximately $14,141,000. QUADRATURE CAPITAL LTD purchased a new stake in IQ valued at around $8,549,000 in the second quarter. In total, there are 342 active investors with 68.40% ownership of the company’s stock.
Wednesday’s opening bell rang with an opening price of $6.07 for iQIYI Inc. (NASDAQ: IQ). During the past 12 months, iQIYI Inc. has had a low of $1.65 and a high of $7.99. As of last week, the company has a debt-to-equity ratio of 2.19, a current ratio of 0.70, and a quick ratio of 0.70. The fifty day moving average price for IQ is $5.27 and a two-hundred day moving average price translates $5.37 for the stock.
The latest earnings results from iQIYI Inc. (NASDAQ: IQ) was released for Mar, 2023. According to the Entertainment Company, earnings per share came in at $0.09, beating analysts’ expectations of $0.06 by 0.03. This compares to $0.03 EPS in the same period last year. The net profit margin was 1.00% and return on equity was 4.40% for IQ. The company reported revenue of $1.22 billion for the quarter, compared to $1.15 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 6.43 percent. For the current quarter, analysts expect IQ to generate $1.08B in revenue.
iQIYI Inc.(IQ) Company Profile
iQIYI, Inc., together with its subsidiaries, provides online entertainment video services in the People’s Republic of China. It offers various products and services, including online video, online games, online literature, animations, and other products. The company operates a platform that provides a collection of internet video content, such as professionally produced content licensed from professional content providers and self-produced content. It also offers membership, online advertising, content distribution, and live broadcasting services. In addition, the company operates iQIYI Show, a live broadcasting platform that enables users to follow their favorite hosts and shows in real time through live broadcasting; and iQIYI Lite, which offers an easy and quick access to the personalized videos based on their user preferences. Further, it is involved in the talent agency and IP licensing activities, as well as engages in developing a video community app. The company was formerly known as Qiyi.com, Inc. and changed its name to iQIYI, Inc. in November 2017. iQIYI, Inc. was incorporated in 2009 and is headquartered in Beijing, China. iQIYI, Inc. is a subsidiary of Baidu, Inc.
