Things appear to be looking up for iQIYI Inc ADR (IQ)

iQIYI Inc ADR (NASDAQ: IQ) is -3.98% lower on its value in year-to-date trading and has touched a low of $1.50 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 $1.92 in the last trading session, with the day’s gains setting it 0.01%.

Currently trading at $1.93, the stock is 1.58% and -4.22% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 15.36 million and changing 0.52% at the moment leaves the stock -15.26% off its SMA200. IQ registered -60.12% loss for a year compared to 6-month loss of -12.27%.

The stock witnessed a 14.20% gain in the last 1 month and extending the period to 3 months gives it a -24.02%, and is 2.66% 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 3.21% over the week and 4.44% over the month.

iQIYI Inc ADR (IQ) has around 4673 employees, a market worth around $1.02B and $4.06B in sales. Current P/E ratio is 17.59 and Fwd P/E is 7.04. Profit margin for the company is 2.62%. Distance from 52-week low is 28.67% and -66.72% from its 52-week high. The company has generated returns on investments over the last 12 months (3.33%).

The EPS is expected to grow by 3.44% this year.

iQIYI Inc ADR (IQ) Top Institutional Holders

The shares outstanding are 528.40M, and float is at 527.39M with Short Float at 10.70%.

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 0.4543% 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 0.3903 of the shares outstanding. The other top investors are ROBECO INSTITUTIONAL ASSET MANAGEMENT B.V. which holds 25.38 million shares representing 0.3694% and valued at over $93.13 million, while FIL LTD holds 0.3579 of the shares totaling 24.59 million with a market value of $90.23 million.