Analyzing iQIYI Inc. (IQ) By Technical Indicators

As of Thursday close, iQIYI Inc.’s (NASDAQ:IQ) stock was up $0.15, moving up 3.40 percent to $4.56. The average number of shares traded per day over the past five days has been 11,151,479 shares. 3 times new highs have been achieved over the past 5 days. In the last twenty days, the average volume was 16,731,234, while in the previous 50 days, it was 19,543,654.

Since last month, IQ stock rose 14.00%. Shares of the company fell to $3.34 on 05/24/22, the lowest level in the past month. A 52-week high of $16.12 was reached on 03/01/22 after having rallying from a 52-week low of $1.86. Since the beginning of this year, IQ’s stock price has dropped by 0.00%, and marked a new high 5 times. However, the stock has declined by -71.72% since its 52-week high.

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Valuation Metrics

The stock’s beta is 0.73. Besides these, the trailing price-to-sales (P/S) ratio of 0.80, the price-to-book (PB) ratio of 3.65.

Financial Health

In the three months ended March 30, iQIYI Inc.’s quick ratio stood at 0.50, while its current ratio was 0.50, showing that the company is not able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending March 30 was 1.94, and the total debt-to-equity ratio was 2.58. On the profitability front, the trailing twelve-month gross margin is 11.70% percent. In the year ended March 30, operating margins totaled -11.30%. Based on annual data, IQ earned $477.18 million in gross profit and brought in $4.79 billion in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was -20.10%. Return on equity (ROE) for the past 12 months was -71.40%.

According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. IQ’s revenue rose 5.04% during the quarter, while net income inched up to $4.79 billion. While analysts expected iQIYI Inc. to report -$0.11 quarterly earnings, the actual figure was $0.03 per share, beating the consensus estimate by 127.30%. During the quarter, the company generated $14.72 million in EBITDA. The liabilities of iQIYI Inc. were 5.78 billion at the end of its most recent quarter ended March 30, and its total debt was $18.52 billion.

Technical Picture

This quick technical analysis looks at iQIYI Inc.’s (IQ) price momentum. With a historical volatility rate of 120.37%, the RSI 9-day stood at 55.15% on 23 June.

At present, IQ shares trade +33.72% above its 20-day simple moving average and +30.29% percent above its 100-day simple moving average. However, the stock is currently trading approximately +2.70% above its SMA50 and -55.21% below its SMA200.

Stochastic coefficient K was 52.01% and Stochastic coefficient D was 51.40%, while ATR was 0.40. Given the Stochastic reading of 54.21% for the 14-day period, the RSI (14) reading has been calculated as 55.06%. As of today, the MACD Oscillator reading stands at 0.11, while the 14-day reading stands at 0.04.

Analyst Ratings

The Benchmark Company upgraded its rating on iQIYI Inc. (NASDAQ: IQ) to a Buy in a note to investors on May 27, 2022. The analysts firm previously had a Hold rating on the stock.iQIYI Inc. (IQ) has been rated Overweight by analysts. According to 1 brokerage firm, IQ is a sell, and 8 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 4 analysts rate iQIYI Inc. stock as buy, with 9 recommending it as overweight.

With a median target price of $37.74, the current consensus forecast for the stock is $22.14 – $67.39. Based on these forecasts, analysts predict iQIYI Inc. (IQ) will achieve an average price target of $39.08.


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