Are we looking at the next big move in iQIYI Inc ADR (IQ)?

iQIYI Inc ADR (NASDAQ: IQ) is -5.47% lower on its value in year-to-date trading and has touched a low of $1.89 and a high of $5.80 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 $2.02 in the last trading session, with the day’s loss setting it -0.12%.

Currently trading at $1.90, the stock is -8.68% and -13.64% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 20.34 million and changing -5.94% at the moment leaves the stock -41.17% off its SMA200. IQ registered -57.59% loss for a year compared to 6-month loss of -53.43%. The firm has a 50-day simple moving average (SMA 50) of $2.2 and a 200-day simple moving average (SMA200) of $3.229475.

The stock witnessed a -23.08% gain in the last 1 month and extending the period to 3 months gives it a -29.37%, and is -4.52% 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 4.58% over the week and 4.92% over the month.

iQIYI Inc ADR (IQ) has around 4788 employees, a market worth around $997.92M and $4.21B in sales. Current P/E ratio is 9.37 and Fwd P/E is 7.58. Profit margin for the company is 4.69%. Distance from 52-week low is 0.53% and -67.24% from its 52-week high. The company has generated returns on investments over the last 12 months (6.19%).

The EPS is expected to shrink by -42.42% this year.

iQIYI Inc ADR (IQ) Top Institutional Holders

The shares outstanding are 525.22M, and float is at 524.22M with Short Float at 8.22%.

The top institutional shareholder in the company is GOLDMAN SACHS GROUP INC with over 31.2 million shares valued at $114.52 million. The investor’s holdings represent 3.2515% of the IQ Shares outstanding. As of 2024-06-30, the second largest holder is JPMORGAN CHASE & CO with 26.81 million shares valued at $98.38 million to account for 2.7319 of the shares outstanding. The other top investors are ROBECO INSTITUTIONAL ASSET MANAGEMENT B.V. which holds 25.38 million shares representing 2.6442% and valued at over $93.13 million, while FIL LTD holds 2.5619 of the shares totaling 24.59 million with a market value of $90.23 million.