iQIYI Inc. [IQ] Stock trading around $15.56 per share: What’s Next?

iQIYI Inc. [NASDAQ: IQ] stock went on an upward path that rose over 7.02% on Monday, amounting to a one-week price increase of more than 10.04%. The company report on June 8, 2021 that “Memoria” Co-produced by iQIYI and Xstream Pictures Joins Cannes International Film Festival 2021 Competition Lineup.

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iQIYI Inc. (NASDAQ: IQ) (“iQIYI”), an innovative, market-leading online entertainment company in China, is pleased to announce that Memoria, a Spanish-language film co-produced by iQIYI Pictures and Xstream Pictures has been included in the official competition lineup of the 74th Cannes International Film Festival (the “Festival”).

On June 3rd, Cannes Film Festival announced its 2021 lineup, with Memoria shortlisted in the official competition. The film is directed by Thai Palme d’Or winner Apichatpong Weerasethakul, starring Tilda Swinton, and with the famous Chinese director Jia Zhang-Ke serving as co-producer. The Festival will take place from July 6th to 17th, 2021.

Over the last 12 months, IQ stock dropped by -12.58%. The one-year iQIYI Inc. stock forecast points to a potential upside of 25.3. The average equity rating for IQ stock is currently 2.40, trading closer to a bullish pattern in the stock market.

The market cap for the stock reached $12.65 billion, with 789.53 million shares outstanding and 310.79 million shares in the current float. Compared to the average trading volume of 20.63M shares, IQ stock reached a trading volume of 13561947 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Guru’s Opinion on iQIYI Inc. [IQ]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for IQ shares is $20.83 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on IQ stock is a recommendation set at 2.40. 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.

UBS have made an estimate for iQIYI Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on May 24, 2021. While these analysts kept the previous recommendation, CLSA dropped their target price from $25.50 to $16. The new note on the price target was released on May 19, 2021, representing the official price target for iQIYI Inc. stock. Previously, the target price had yet another drop from $18 to $15, while JP Morgan kept a Neutral rating on IQ stock.

The Average True Range (ATR) for iQIYI Inc. is set at 0.75, with the Price to Sales ratio for IQ stock in the period of the last 12 months amounting to 2.69. The Price to Book ratio for the last quarter was 8.74, with the Price to Cash per share for the same quarter was set at 2.55.

IQ Stock Performance Analysis:

iQIYI Inc. [IQ] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 10.04. With this latest performance, IQ shares gained by 26.30% in over the last four-week period, additionally sinking by -28.56% over the last 6 months – not to mention a drop of -12.58% 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 IQ stock in for the last two-week period is set at 57.90, with the RSI for the last a single of trading hit 64.35, and the three-weeks RSI is set at 52.58 for iQIYI Inc. [IQ]. The present Moving Average for the last 50 days of trading for this stock 14.77, while it was recorded at 14.84 for the last single week of trading, and 20.72 for the last 200 days.

Insight into iQIYI Inc. Fundamentals:

Operating Margin for any stock indicates how profitable investing would be, and iQIYI Inc. [IQ] shares currently have an operating margin of -20.33 and a Gross Margin at +6.14. iQIYI Inc.’s Net Margin is presently recorded at -23.72.

Return on Total Capital for IQ is now -20.37, given the latest momentum, and Return on Invested Capital for the company is -30.56. Return on Equity for this stock declined to -73.19, with Return on Assets sitting at -14.80. When it comes to the capital structure of this company, iQIYI Inc. [IQ] has a Total Debt to Total Equity ratio set at 233.05. Additionally, IQ Total Debt to Total Capital is recorded at 69.97, with Total Debt to Total Assets ending up at 44.77. Long-Term Debt to Equity for the company is recorded at 137.14, with the Long-Term Debt to Total Capital now at 41.18.

Reflecting on the efficiency of the workforce at the company, iQIYI Inc. [IQ] managed to generate an average of -$132,204 per employee. Receivables Turnover for the company is 5.46 with a Total Asset Turnover recorded at a value of 0.62.iQIYI Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.80 and a Current Ratio set at 0.90.

IQ Stock EPS

With the latest financial reports released by the company, iQIYI Inc. posted -0.29/share EPS, while the average EPS was predicted by analysts to be reported at -0.5/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 42.00%. 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 IQ. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for iQIYI Inc. go to 5.75%.

iQIYI Inc. [IQ] Insider Position Details

There are presently around $4,660 million, or 80.20% of IQ stock, in the hands of institutional investors. The top three institutional holders of IQ stocks are: HILLHOUSE CAPITAL ADVISORS, LTD. with ownership of 38,648,477, which is approximately 0% of the company’s market cap and around 0.30% of the total institutional ownership; CREDIT SUISSE AG/, holding 26,033,827 shares of the stock with an approximate value of $405.09 million in IQ stocks shares; and UBS GROUP AG, currently with $315.05 million in IQ stock with ownership of nearly 0.474% of the company’s market capitalization.

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Positions in iQIYI Inc. stocks held by institutional investors increased at the end of May and at the time of the May reporting period, where 168 institutional holders increased their position in iQIYI Inc. [NASDAQ:IQ] by around 100,557,740 shares. Additionally, 90 investors decreased positions by around 78,780,036 shares, while 37 investors held positions by with 120,179,768 shares. The mentioned changes placed institutional holdings at 299,517,544 shares, according to the latest SEC report filing. IQ stock had 71 new institutional investments in for a total of 39,497,295 shares, while 42 institutional investors sold positions of 18,857,914 shares during the same period.

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