The stock of iQIYI Inc. (NASDAQ:IQ) decreased by -$0.08 on Monday to finish at $5.75, down -1.37 percent. The last five days have seen an average of 6,974,660 shares of common stock traded. 6 times new highs were reached in the current year, with a gain of $0.45. The average number of shares traded over the last 20 days was 10,346,680, while the average volume over the last 50 days totaled 11,404,976.
IQ stock appreciated 6.68% since last month. On 07/24/23, the company’s shares reached a one-month low of $4.90. The stock touched a high of $7.99 on 02/13/23, after rallying from a low of $1.65 in 52 weeks. The price of IQ stock has risen by 8.49% or $0.45 this year, reaching a new high 6 times. Still, the stock price is down -28.03% from the 52-week high.
Valuation Metrics
iQIYI Inc. (IQ) has a trailing price-to-earnings (P/E) ratio of 140.24. Beta for the stock is 0.64. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 1.35, the price-to-book (PB) ratio of 3.69, and the price-to-cash flow ratio of 33.61.
Financial Health
For the three months ended March 30, iQIYI Inc.’s quick ratio was 0.70, while its current ratio was 0.70, indicating its inability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending March 30 is 1.10, and the total debt to equity ratio is 2.19. As far as profitability goes, gross margin for the trailing twelve months is 25.80% percent. iQIYI Inc.’s EBITDA margin for the year ended March 30 was 51.38%, whereas its operating margin stood at 6.90% for the same period. Based on annual data, it had gross profit of $968.25 million and revenue of $4.2 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. IQ’s return on assets (ROA) during the last 12 months has been 0.70%. There was a 5.70% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 4.40%.
Earnings Surprise
According to iQIYI Inc.’s quarterly financial report for the quarter that ended March 30, it had $118.64 million in cash and short-term investments. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $4.2 billion, while revenues fell by -14.04% to $0.0. It was predicted that iQIYI Inc.’s quarterly earnings would be $0.09, but it ended up being $0.06. EBITDA was $125.53 million for the quarter. At the end of iQIYI Inc.’s most recent quarter ended March 30, its liabilities totaled 6.05 billion, while its total debt was $23.78 billion.
Technical Picture
Here’s a quick look at iQIYI Inc.’s (IQ) price momentum from a technical perspective. As of 14 August, the RSI 9-day stood at 48.02%, suggesting the stock is Neutral, with a 48.15% historical volatility rate.
The stochastic %K and %D were 52.83% and 61.62% respectively, while the average true range (ATR) was 0.34. Based on the 14-day stochastic reading of 41.94%, the RSI (14) reading is 51.58%. On the 9-day MACD Oscillator, the stock is at -0.08, and the 14-day reading is at -0.09.
Analyst Ratings
In its most recent analyst report, Macquarie raised its rating on iQIYI Inc. (NASDAQ: IQ) to a Neutral. Prior to this, analysts firm rated the stock as an Underperform. Analysts have assigned iQIYI Inc. (IQ) an Overweight rating. IQ is a stock that is recommended for selling by 0 brokerage firms, while 7 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 3 rates it overweight and 23 others recommend it as a buy.
What is IQ’s price target for the next 12 months?
The current consensus forecast for the stock is between $36.56 and $83.98, with a median target price of $58.70. In analyzing these forecasts, the average price target given by analysts for iQIYI Inc. (IQ) is $58.10.
