As of Thursday close, iQIYI Inc.’s (NASDAQ:IQ) stock was up $0.07, moving up 1.41 percent to $5.04. The average number of shares traded per day over the past five days has been 8,620,860 shares. 3 times new highs have been achieved over the past 5 days, with a $0.32 gain in that time frame. In the last twenty days, the average volume was 9,324,735, while in the previous 50 days, it was 10,324,642.
Since last month, IQ stock retreated -12.50%. Shares of the company fell to $4.48 on 08/23/23, the lowest level in the past month. A 52-week high of $7.99 was reached on 02/13/23 after having rallying from a 52-week low of $1.65. Since the beginning of this year, IQ’s stock price has dropped by -4.91% or -$0.26, and marked a new high 6 times. However, the stock has declined by -36.91% since its 52-week high.
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Valuation Metrics
Right now, iQIYI Inc. (IQ) has a P/E ratio of about 40.00. The stock’s beta is 0.65. Besides these, the trailing price-to-sales (P/S) ratio of 1.15, the price-to-book (PB) ratio of 3.29, and the price-to-cash flow ratio of 25.14 may also be considered.
Financial Health
In the three months ended June 29, iQIYI Inc.’s quick ratio stood at 0.50, while its current ratio was 0.60, 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 June 29 was 1.07, and the total debt-to-equity ratio was 1.36. On the profitability front, the trailing twelve-month gross margin is 26.80% percent. In the year ended June 29, EBITDA margin amounted to 51.38%, whereas operating margins totaled 8.20%. Based on annual data, IQ earned $968.25 million in gross profit and brought in $4.2 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 5.70%. Return on equity (ROE) for the past 12 months was 10.90%.
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 fell -14.04% during the quarter, while net income inched up to $4.2 billion. While analysts expected iQIYI Inc. to report $0.05 quarterly earnings, the actual figure was $0.05 per share. During the quarter, the company generated $87.04 million in EBITDA. The liabilities of iQIYI Inc. were 4.61 billion at the end of its most recent quarter ended June 29, and its total debt was $15.14 billion.
Technical Picture
This quick technical analysis looks at iQIYI Inc.’s (IQ) price momentum. With a historical volatility rate of 47.74%, the RSI 9-day stood at 44.13% on 31 August.
With respect to its five-day moving average, the current iQIYI Inc. price is up by +6.78% percent or $0.32. At present, IQ shares trade -17.78% below its 20-day simple moving average and -25.00% percent below its 100-day simple moving average. However, the stock is currently trading approximately -5.44% below its SMA50 and +83.27% above its SMA200.
Stochastic coefficient K was 33.61% and Stochastic coefficient D was 24.60%, while ATR was 0.28. Given the Stochastic reading of 43.08% for the 14-day period, the RSI (14) reading has been calculated as 43.67%. As of today, the MACD Oscillator reading stands at 0.11, while the 14-day reading stands at -0.13.
Analyst Ratings
Macquarie upgraded its rating on iQIYI Inc. (NASDAQ: IQ) to a Neutral in a note to investors on July 27, 2023. The analysts firm previously had an Underperform rating on the stock.iQIYI Inc. (IQ) has been rated Overweight by analysts. According to 0 brokerage firms, IQ is a sell, and 7 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 3 analysts rate iQIYI Inc. stock as buy, with 22 recommending it as overweight.
With a median target price of $55.00, the current consensus forecast for the stock is $36.56 – $78.65. Based on these forecasts, analysts predict iQIYI Inc. (IQ) will achieve an average price target of $54.65.
