iQIYI Inc. (NASDAQ:IQ) finished Thursday with an addition of $0.03 to close at $4.72, an upside of 0.64 percent. An average of 15,038,020 shares of common stock have been traded in the last five days. There was a fall of -$0.82 in the past week, and it reached a new high 14 times over the past 12 months. The last 20 days have seen an average of 10,724,925 shares traded, while the 50-day average volume stands at 10,985,998.
IQ stock has decreased by -11.78% in the last month. The company shares reached their 1-month lowest point of $4.48 on 08/23/23. With the stock rallying to its 52-week high on 02/13/23, shares of the company touched a low of $1.65 and a high of $7.99 in 52 weeks. It has reached a new high 6 times so far this year and lost -10.94% or -$0.58 in price. In spite of this, the price is down -40.92% from the 52-week high.
Valuation Metrics
iQIYI Inc. (IQ) has a trailing price-to-earnings (P/E) ratio of 118.00. The stock’s beta is 0.68. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.16, the price-to-book (PB) ratio at 3.06, and the price-to-cash flow ratio at 29.00.
Financial Health
The quick ratio of iQIYI Inc. for the recent quarter was 0.70, and the current ratio was 0.70, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 1.10 and a total debt to equity ratio of 2.19 for the recent quarter. iQIYI Inc.’s EBITDA margin is 51.38%, while its operating margin for the same period stands at 6.90%. Its gross profit as reported stood at $968.25 million compared to revenue of $4.2 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 0.70%.
Earnings Surprise
In the quarter under review, the net income was down than the previous quarter. The company posted a net income of -$19.75 million in the quarter, while revenues were shrunk -4818.13%.
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 24 August was 22.51%, suggesting the stock is oversold, with historical volatility in this time frame at 32.11%.
As of today, IQ’s price is $4.95 -14.80% or -$0.82 from its 5-day moving average. IQ is currently trading -15.41% lower than its 20-day SMA and -35.16% lower than its 100-day SMA. However, the stock’s current price level is -6.16% below the SMA50 and +93.44% above the SMA200.
The stochastic %K and %D were 10.25% and 9.34%, respectively, and the average true range (ATR) was 0.32. With the 14-day stochastic at 12.06% and the average true range at 0.32, the RSI (14) stands at 32.17%. The stock has reached -0.47 on the 9-day MACD Oscillator while the 14-day reading was at -0.72.
Analyst Ratings
Macquarie upgraded iQIYI Inc. (NASDAQ: IQ) to a a Neutral rating in its most recent analyst report. Previously, the stock was rated as an Underperform. The consensus rating for iQIYI Inc. (IQ) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell IQ, while 7 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 2 analysts, while 21 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 $36.56 and $78.65, with a median target of $55.00. Taking a look at these predictions, the average price target given by analysts for iQIYI Inc. (IQ) stock is $54.52.
