The stock of iQIYI Inc. (NASDAQ:IQ) increased by $0.17 on Monday to finish at $4.80, up 3.67 percent. The last five days have seen an average of 14,539,979 shares of common stock traded. 6 times new highs were reached in the current year, with a fall of -$0.50. The average number of shares traded over the last 20 days was 9,634,905, while the average volume over the last 50 days totaled 10,644,110.
IQ stock dropped -24.05% since last month. On 08/23/23, the company’s shares reached a one-month low of $4.48. 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 declined by -9.43% or -$0.50 this year, reaching a new high 6 times. Still, the stock price is down -39.92% from the 52-week high.
Valuation Metrics
iQIYI Inc. (IQ) has a trailing price-to-earnings (P/E) ratio of 38.10. Beta for the stock is 0.69. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 1.09, the price-to-book (PB) ratio of 3.14, and the price-to-cash flow ratio of 23.95.
Financial Health
For the three months ended June 29, iQIYI Inc.’s quick ratio was 0.50, while its current ratio was 0.60, indicating its inability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 29 is 1.07, and the total debt to equity ratio is 1.36. As far as profitability goes, gross margin for the trailing twelve months is 26.80% percent. iQIYI Inc.’s EBITDA margin for the year ended June 29 was 51.38%, whereas its operating margin stood at 8.20% 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 1.90%. 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 10.90%.
Earnings Surprise
According to iQIYI Inc.’s quarterly financial report for the quarter that ended June 29. A lower 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 $0.05, but it ended up being $0.05. EBITDA was $87.04 million for the quarter. At the end of iQIYI Inc.’s most recent quarter ended June 29, its liabilities totaled 4.61 billion, while its total debt was $15.14 billion.
Technical Picture
Here’s a quick look at iQIYI Inc.’s (IQ) price momentum from a technical perspective. As of 28 August, the RSI 9-day stood at 31.34%, suggesting the stock is Neutral, with a 45.56% historical volatility rate.
The stochastic %K and %D were 11.89% and 10.73% respectively, while the average true range (ATR) was 0.30. Based on the 14-day stochastic reading of 16.08%, the RSI (14) reading is 36.37%. On the 9-day MACD Oscillator, the stock is at -0.31, and the 14-day reading is at -0.59.
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 22 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 $78.65, with a median target price of $55.00. In analyzing these forecasts, the average price target given by analysts for iQIYI Inc. (IQ) is $54.65.
