After finishing at $3.69 in the prior trading day, iQIYI Inc ADR (NASDAQ: IQ) closed at $3.82, up 3.52%. In other words, the price has increased by $+0.1300 from its previous closing price. On the day, 9613012 shares were traded. IQ stock price reached its highest trading level at $3.8557 during the session, while it also had its lowest trading level at $3.7450.
Ratios:
Our goal is to gain a better understanding of IQ by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.51 and its Current Ratio is at 0.57. In the meantime, Its Debt-to-Equity ratio is 1.26 whereas as Long-Term Debt/Eq ratio is at 0.73.
On July 27, 2023, Macquarie Upgraded its rating to Neutral which previously was Underperform but kept the price unchanged to $5.12.
Credit Suisse Upgraded its Neutral to Outperform on May 17, 2023, whereas the target price for the stock was revised from $7.70 to $8.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, IQ now has a Market Capitalization of 3.65B and an Enterprise Value of 5.06B. As of this moment, iQIYI’s Price-to-Earnings (P/E) ratio for their current fiscal year is 13.65, and their Forward P/E ratio for the next fiscal year is 6.59. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 3.04. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.44 while its Price-to-Book (P/B) ratio in mrq is 1.29. Its current Enterprise Value per Revenue stands at 0.16 whereas that against EBITDA is 2.68.
Stock Price History:
Over the past 52 weeks, IQ has reached a high of $7.86, while it has fallen to a 52-week low of $3.06. The 50-Day Moving Average of the stock is 3.9342, while the 200-Day Moving Average is calculated to be 4.7148.
Shares Statistics:
The stock has traded on average 8.75M shares per day over the past 3-months and 10.18M shares per day over the last 10 days, according to various share statistics. A total of 522.25M shares are outstanding, with a floating share count of 521.93M. Insiders hold about 0.06% of the company’s shares, while institutions hold 60.92% stake in the company. Shares short for IQ as of Feb 15, 2024 were 42.56M with a Short Ratio of 4.86, compared to 37.95M on Jan 12, 2024. Therefore, it implies a Short% of Shares Outstanding of 4.45% and a Short% of Float of 4.58%.
Earnings Estimates
Its stock is currently analyzed by 5 different market analysts. On average, analysts expect EPS of $0.07 for the current quarter, with a high estimate of $0.12 and a low estimate of $0.06, while EPS last year was $0.09. The consensus estimate for the next quarter is $0.08, with high estimates of $0.11 and low estimates of $0.07.
Analysts are recommending an EPS of between $0.49 and $0.27 for the fiscal current year, implying an average EPS of $0.4. EPS for the following year is $0.51, with 14 analysts recommending between $0.61 and $0.19.
Revenue Estimates
11 analysts predict $1.1B in revenue for the current quarter. It ranges from a high estimate of $1.17B to a low estimate of $1.09B. As of the current estimate, iQIYI Inc ADR’s year-ago sales were $1.17B, an estimated decrease of -5.90% from the year-ago figure. For the next quarter, 11 analysts are estimating revenue of $1.15B, an increase of 7.50% over than the figure of -$5.90% in the same quarter last year. There is a high estimate of $1.23B for the next quarter, whereas the lowest estimate is $1.1B.
A total of 25 analysts have provided revenue estimates for IQ’s current fiscal year. The highest revenue estimate was $4.94B, while the lowest revenue estimate was $4.46B, resulting in an average revenue estimate of $4.71B. In the same quarter a year ago, actual revenue was $4.43B, up 6.50% from the average estimate. Based on 22 analysts’ estimates, the company’s revenue will be $5B in the next fiscal year. The high estimate is $5.26B and the low estimate is $4.41B. The average revenue growth estimate for next year is up 6.10% from the average revenue estimate for this year.
