iQIYI Inc. (NASDAQ: IQ) is -19.05% lower on its value in year-to-date trading and has touched a low of $14.60 and a high of $28.97 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The IQ stock was last observed hovering at around $15.00 in the last trading session, with the day’s loss setting it -0.85% off its average median price target of $168.24 for the next 12 months. It is also 92.99% off the consensus price target high of $201.94 offered by 24 analysts, but current levels are 87.34% higher than the price target low of $111.74 for the same period.
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Currently trading at $14.15, the stock is -22.58% and -37.67% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 27.18 million and changing -5.67% at the moment leaves the stock -36.09% off its SMA200. IQ registered -26.49% loss for a year compared to 6-month gain of -36.80%. The firm has a 50-day simple moving average (SMA 50) of $24.38 and a 200-day simple moving average (SMA200) of $22.80.
The stock witnessed a -49.05% loss in the last 1 month and extending the period to 3 months gives it a -27.40%, and is -15.07% 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 5.50% over the week and 10.38% over the month.
iQIYI Inc. (IQ) has around 7721 employees, a market worth around $11.13B and $4.55B in sales. Profit margin for the company is -23.70%. Distance from 52-week low is -3.08% and -51.16% from its 52-week high. The company has generated returns on investments over the last 12 months (-20.30%).
iQIYI Inc. (IQ) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for iQIYI Inc. (IQ) is a “Overweight”. 24 analysts offering their recommendations for the stock have an average rating of 2.60, where 11 rate it as a Hold and 2 think it is a “Overweight”. 8 of the analysts rate the stock as a “Buy”. 2 analysts have rated the stock as a Sell or Underperform.
iQIYI Inc. is expected to release its quarterly report on 08/03/2021 and quarterly earnings per share for the current quarter are estimated at -$0.33 with sales reaching $1.16B over the same period.The EPS is expected to grow by 32.70% this year, but quarterly earnings will post 9.60% year-over-year. Quarterly sales are estimated to grow 6.00% in year-over-year returns.
iQIYI Inc. (IQ) Top Institutional Holders
353 institutions hold shares in iQIYI Inc. (IQ), with 2.37M shares held by insiders accounting for 0.30% while institutional investors hold 74.76% of the company’s shares. The shares outstanding are 744.86M, and float is at 310.79M with Short Float at 14.14%. Institutions hold 74.54% of the Float.
The top institutional shareholder in the company is Hillhouse Capital Advisors Ltd. with over 38.65 million shares valued at $675.58 million. The investor’s holdings represent 10.21% of the IQ Shares outstanding. As of Dec 30, 2020, the second largest holder is Morgan Stanley with 31.84 million shares valued at $556.54 million to account for 8.41% of the shares outstanding. The other top investors are Credit Suisse Ag/ which holds 25.22 million shares representing 6.67% and valued at over $440.85 million, while Goldman Sachs Group, Inc. holds 6.55% of the shares totaling 24.78 million with a market value of $433.17 million.