What You Need To Know About iQIYI Inc. (IQ)

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iQIYI Inc. (NASDAQ:IQ) finished Thursday with an addition of $0.84 to close at $5.28, an upside of 18.92 percent. An average of 18,525,840 shares of common stock have been traded in the last five days. There was a gain of $0.91 in the past week, and it reached a new high 5 times over the past 12 months. The last 20 days have seen an average of 19,515,789 shares traded, while the 50-day average volume stands at 17,138,324.

IQ stock has increased by 95.56% in the last month. The company shares reached their 1-month lowest point of $2.70 on 11/30/22. With the stock rallying to its 52-week high on 03/01/22, shares of the company touched a low of $1.65 and a high of $5.77 in 52 weeks. It has reached a new high 5 times so far this year and achieved 15.79% or $0.72 in price. In spite of this, the price is down -8.49% from the 52-week high.

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Valuation Metrics

iQIYI Inc. (IQ) stock’s beta is 0.56. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.00, the price-to-book (PB) ratio at 6.00.

Financial Health

The quick ratio of iQIYI Inc. for the three months ended September 29 was 0.30, and the current ratio was 0.40, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 1.19 and a total debt to equity ratio of 3.52 for the quarter ending September 29. Its gross profit as reported stood at $477.18 million compared to revenue of $4.79 billion.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, iQIYI Inc.’s return on assets was -5.20%.

Earnings Surprise

For the three-month period that ended September 29, iQIYI Inc. had $211.57 million in cash. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of -$971.33 million in the quarter, while revenues were shrunk -11.16%. The analyst consensus anticipated iQIYI Inc.’s latest quarter earnings to come in at -$0.01 per share, but it turned out to be -$0.07, a -600.00% surprise. For the quarter, EBITDA amounted to $45.21 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at iQIYI Inc. (IQ) price momentum. RSI 9-day as of the close on 29 December was 78.27%, suggesting the stock is Overbought, with historical volatility in this time frame at 130.11%.

As of today, IQ’s price is $4.72 +20.82% or $0.91 from its 5-day moving average. IQ is currently trading +77.78% higher than its 20-day SMA and +34.69% higher than its 100-day SMA. However, the stock’s current price level is +130.57% above the SMA50 and +150.24% above the SMA200.

The stochastic %K and %D were 87.18% and 89.13%, respectively, and the average true range (ATR) was 0.44. With the 14-day stochastic at 96.23% and the average true range at 0.41, the RSI (14) stands at 74.82%. The stock has reached 0.47 on the 9-day MACD Oscillator while the 14-day reading was at 0.70.

Analyst Ratings

The consensus rating for iQIYI Inc. (IQ) among analysts is Overweight. According to current brokerage recommendations, 2 brokerage firms advise that investors sell IQ, while 10 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 1 analysts, while 11 others rate it as a “buy”.

What is IQ’s price target for the next 12 months?

Analysts predict a range of price targets between $18.55 and $69.48, with a median target of $32.99. Taking a look at these predictions, the average price target given by analysts for iQIYI Inc. (IQ) stock is $34.36.

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