Qutoutiao Inc. (NASDAQ: QTT) is 22.01% higher on its value in year-to-date trading and has touched a low of $1.53 and a high of $6.55 in the current 52-week trading range. The QTT stock was last observed hovering at around $1.94 in the last trading session, with the day’s gains setting it 0.13% off its average median price target of $16.99 for the next 12 months. It is also 90.1% off the consensus price target high of $20.91 offered by 2 analysts, but current levels are 84.17% higher than the price target low of $13.08 for the same period.
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Currently trading at $2.07, the stock is 5.21% and -8.73% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.75 million and changing 6.70% at the moment leaves the stock -20.03% off its SMA200. QTT registered -53.70% loss for a year compared to 6-month loss of -42.26%. The firm has a 50-day simple moving average (SMA 50) of $2.2424 and a 200-day simple moving average (SMA200) of $2.5833.
The stock witnessed a -26.79% gain in the last 1 month and extending the period to 3 months gives it a -24.81%, and is -1.52% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 7.15% over the week and 8.76% over the month.
Qutoutiao Inc. (QTT) has around 2932 employees, a market worth around $593.81M and $871.10M in sales. Fwd P/E is 41.28. Profit margin for the company is -28.80%. Distance from 52-week low is 35.29% and -68.40% from its 52-week high. The company has generated returns on investments over the last 12 months (-527.20%).
Qutoutiao Inc. (QTT) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Qutoutiao Inc. (QTT) is a “Buy”. 2 analysts offering their recommendations for the stock have an average rating of 1.00, where 0 rate it as a Hold and 0 think it is a “Overweight”. 2 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
Qutoutiao Inc. is expected to release its quarterly report on 05/24/2021 and quarterly earnings per share for the current quarter are estimated at $0 with sales reaching $212.38M over the same period.The EPS is expected to grow by 32.00% this year, but quarterly earnings will post 1.20% year-over-year. Quarterly sales are estimated to shrink -10.40% in year-over-year returns.
Qutoutiao Inc. (QTT) Top Institutional Holders
48 institutions hold shares in Qutoutiao Inc. (QTT), with 9.53M shares held by insiders accounting for 3.25% while institutional investors hold 5.77% of the company’s shares. The shares outstanding are 292.99M, and float is at 165.30M with Short Float at 5.43%. Institutions hold 5.58% of the Float.
The top institutional shareholder in the company is Vanguard Group, Inc. (The) with over 3.55 million shares valued at $7.77 million. The investor’s holdings represent 2.26% of the QTT Shares outstanding. As of Sep 29, 2020, the second largest holder is Credit Suisse Ag/ with 1.48 million shares valued at $3.24 million to account for 0.94% of the shares outstanding. The other top investors are Blackrock Inc. which holds 0.65 million shares representing 0.42% and valued at over $1.43 million, while Shaw D.E. & Co., Inc. holds 0.30% of the shares totaling 0.46 million with a market value of $1.02 million.