Qutoutiao Inc. [NASDAQ: QTT] loss -10.40% on the last trading session, reaching $2.24 price per share at the time. The company report on December 17, 2020 that Qutoutiao Inc. Reports Third Quarter 2020 Unaudited Financial Results.
Qutoutiao Inc. (“Qutoutiao”, the “Company” or “We”) (NASDAQ: QTT), a leading operator of mobile content platforms in China, announced its unaudited financial results in the third quarter ended September 30, 2020.
Third Quarter 2020 Highlights.
Qutoutiao Inc. represents 288.54 million in outstanding shares, while the company has a total market value of $675.94 million with the latest information. QTT stock price has been found in the range of $2.21 to $2.36.
If compared to the average trading volume of 1.38M shares, QTT reached a trading volume of 3966877 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about Qutoutiao Inc. [QTT]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for QTT shares is $3.54 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on QTT stock is a recommendation set at 1.70. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Jefferies have made an estimate for Qutoutiao Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on December 05, 2019. The new note on the price target was released on April 16, 2019, representing the official price target for Qutoutiao Inc. stock.
The Average True Range (ATR) for Qutoutiao Inc. is set at 0.19, with the Price to Sales ratio for QTT stock in the period of the last 12 months amounting to 0.75.
Trading performance analysis for QTT stock
Qutoutiao Inc. [QTT] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -15.47. With this latest performance, QTT shares dropped by -6.28% in over the last four-week period, additionally sinking by -21.95% over the last 6 months – not to mention a drop of -32.73% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for QTT stock in for the last two-week period is set at 39.23, with the RSI for the last a single of trading hit 32.82, and the three-weeks RSI is set at 42.57 for Qutoutiao Inc. [QTT]. The present Moving Average for the last 50 days of trading for this stock 2.46, while it was recorded at 2.49 for the last single week of trading, and 2.75 for the last 200 days.
Qutoutiao Inc. [QTT]: A deeper dive into fundamental analysis
Operating Margin for any stock indicates how profitable investing would be, and Qutoutiao Inc. [QTT] shares currently have an operating margin of -49.43 and a Gross Margin at +70.41. Qutoutiao Inc.’s Net Margin is presently recorded at -48.27.
Return on Total Capital for QTT is now -205.17, given the latest momentum, and Return on Invested Capital for the company is -260.54. Return on Equity for this stock declined to -649.13, with Return on Assets sitting at -94.56. Additionally, QTT Total Debt to Total Capital is recorded at 220.47, with Total Debt to Total Assets ending up at 43.66.
Reflecting on the efficiency of the workforce at the company, Qutoutiao Inc. [QTT] managed to generate an average of -$132,711 per employee. Receivables Turnover for the company is 9.82 with a Total Asset Turnover recorded at a value of 1.96.Qutoutiao Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.10 and a Current Ratio set at 1.10.
Qutoutiao Inc. [QTT]: An earnings per share (EPS) analysis
With the latest financial reports released by the company, Qutoutiao Inc. posted -0.26/share EPS, while the average EPS was predicted by analysts to be reported at -0.31/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 16.10%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for QTT.
An analysis of insider ownership at Qutoutiao Inc. [QTT]
There are presently around $20 million, or 5.60% of QTT stock, in the hands of institutional investors. The top three institutional holders of QTT stocks are: VANGUARD GROUP INC with ownership of 3,548,722, which is approximately 0.224% of the company’s market cap and around 3.25% of the total institutional ownership; CREDIT SUISSE AG/, holding 1,478,301 shares of the stock with an approximate value of $3.31 million in QTT stocks shares; and BLACKROCK INC., currently with $1.47 million in QTT stock with ownership of nearly 6.778% of the company’s market capitalization.
Positions in Qutoutiao Inc. stocks held by institutional investors increased at the end of December and at the time of the December reporting period, where 22 institutional holders increased their position in Qutoutiao Inc. [NASDAQ:QTT] by around 2,422,789 shares. Additionally, 18 investors decreased positions by around 2,761,533 shares, while 4 investors held positions by with 3,881,344 shares. The mentioned changes placed institutional holdings at 9,065,666 shares, according to the latest SEC report filing. QTT stock had 8 new institutional investments in for a total of 680,527 shares, while 10 institutional investors sold positions of 1,960,016 shares during the same period.