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iQIYI Inc ADR (IQ): These Numbers Show Where NASDAQ:IQ Stock Is Going Next

iQIYI Inc ADR (NASDAQ: IQ) is -12.09% lower on its value in year-to-date trading and has touched a low of $3.06 and a high of $7.44 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 $4.23 in the last trading session, with the day’s gains setting it 0.06%.

Currently trading at $4.29, the stock is 8.00% and 15.99% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 6.56 million and changing 1.42% at the moment leaves the stock -7.61% off its SMA200. IQ registered -38.89% loss for a year compared to 6-month loss of -7.54%. The firm has a 50-day simple moving average (SMA 50) of $0.17 and a 200-day simple moving average (SMA200) of $0.31.

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The stock witnessed a 16.26% gain in the last 1 month and extending the period to 3 months gives it a -10.63%, and is 6.19% up 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 2.98% over the week and 4.07% over the month.

iQIYI Inc ADR (IQ) has around 4788 employees, a market worth around $2.25B and $4.50B in sales. Current P/E ratio is 15.33 and Fwd P/E is 7.38. Profit margin for the company is 6.05%. Distance from 52-week low is 40.20% and -42.34% from its 52-week high. The company has generated returns on investments over the last 12 months (9.23%).

iQIYI Inc ADR quarterly earnings per share for the current quarter are estimated at $0.06 with sales reaching $1.1B over the same period.The EPS is expected to grow by 18.36% this year, but quarterly earnings will post 6.80% year-over-year. Quarterly sales are estimated to shrink -5.80% in year-over-year returns.

iQIYI Inc ADR (IQ) Top Institutional Holders

326 institutions hold shares in iQIYI Inc ADR (IQ), with institutional investors hold 60.25% of the company’s shares. The shares outstanding are 525.01M, and float is at 524.69M with Short Float at 9.54%. Institutions hold 60.12% of the Float.

The top institutional shareholder in the company is Goldman Sachs Group Inc with over 42.22 million shares valued at $225.47 million. The investor’s holdings represent 4.85% of the IQ Shares outstanding. As of Jun 29, 2023, the second largest holder is Blackrock Inc. with 19.8 million shares valued at $105.75 million to account for 2.28% of the shares outstanding. The other top investors are Vanguard Group Inc which holds 17.32 million shares representing 1.99% and valued at over $92.47 million, while Bank of America Corporation holds 1.96% of the shares totaling 17.06 million with a market value of $91.12 million.

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