How Do iQIYI Inc ADR (NASDAQ:IQ)’s Fundamentals Affect Performance

In yesterday’s Wall Street session, iQIYI Inc ADR (NASDAQ:IQ) shares traded at $5.08, up 0.99% from the previous session.

31 analysts cover iQIYI Inc ADR (NASDAQ:IQ), according to research data. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $73.16 and a low of $37.33, we find $54.86. Given the previous closing price of $5.03, this indicates a potential upside of 990.66 percent. IQ stock price is now 6.83% away from the 50-day moving average and -10.52% away from the 200-day moving average. The market capitalization of the company currently stands at $2.65B.

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The stock has received a hold rating from 8 analysts and a buy rating from 20. Brokers who have rated the stock have averaged $53.87 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 ADR (NASDAQ: IQ).

A total of 0.00% of the company’s stock is owned by insiders.

On Friday morning iQIYI Inc ADR (NASDAQ: IQ) stock kicked off with the opening price of $5.03. During the past 12 months, iQIYI Inc ADR has had a low of $2.33 and a high of $7.99. As of last week, the company has a debt-to-equity ratio of 1.41, a current ratio of 0.58, and a quick ratio of 0.58. According to the stock market information, the enterprise value for the company is $6.31B, which is based on a 39.26 price-to-earnings ratio, a 8.88 price-to-earnings-growth ratio, and a beta of 0.57. The fifty day moving average price for IQ is $4.76 and a two-hundred day moving average price translates $5.66 for the stock.

The latest earnings results from iQIYI Inc ADR (NASDAQ: IQ) was released for Jun, 2023. According to the Entertainment Company, earnings per share came in at $0.05, inline with analysts’ expectations of $0.05. This compares to -$0.04 EPS in the same period last year. The net profit margin was 2.84% and return on equity was 10.60% for IQ. The company reported revenue of $1.11 billion for the quarter, compared to $1.01 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 10.55 percent. For the current quarter, analysts expect IQ to generate $1.11B in revenue.

iQIYI Inc ADR(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, 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.

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