Macquarie lifts iQIYI Inc. [IQ] price estimate. Who else is bullish?

iQIYI Inc. [NASDAQ: IQ] traded at a high on 09/11/23, posting a 1.30 gain after which it closed the day’ session at $4.69. The company report on September 5, 2023 at 8:04 AM that iQIYI Drama “My Journey To You” Debuts, Displaying Chinese Aesthetics.

On Sep. 2, iQIYI, an innovative market-leading online entertainment service in China, launched Wuxia drama My Journey To You, which has garnered immense popularity among both domestic and global viewers. Specifically, the drama’s captivating utilization of distinctive Chinese aesthetics, ranging from exquisite costumes to intricate hairdos, beautifully showcases the richness and uniqueness of Chinese artistic elements, appealing to audiences worldwide.

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The drama, which chronicles the journey of a female spy in ancient times as she navigates love, friendship, and self-discovery, has achieved remarkable success. It has claimed top spot on the list of dramas on iQIYI International in United States, Vietnam and South Korea, while also ranking in top three across all other key overseas markets.

The results of the trading session contributed to over 5445424 shares changing hands. Over the past one week, the price volatility of iQIYI Inc. stands at 4.06% while the volatility over the past one month is 4.95%.

The market cap for IQ stock reached $4.61 billion, with 957.79 million shares outstanding and 464.10 million shares in the current float. Compared to the average trading volume of 10.85M shares, IQ reached a trading volume of 5445424 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about 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 $7.35 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 1.90. 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.

Macquarie have made an estimate for iQIYI Inc. shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on July 27, 2023.

The Average True Range (ATR) for iQIYI Inc. is set at 0.28, with the Price to Sales ratio for IQ stock in the period of the last 12 months amounting to 1.08. The Price to Book ratio for the last quarter was 3.09, with the Price to Cash per share for the same quarter was set at 0.64. Price to Free Cash Flow for IQ in the course of the last twelve months was 23.81 with Quick ratio for the last quarter at 0.50.

How has IQ stock performed recently?

iQIYI Inc. [IQ] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -8.22. With this latest performance, IQ shares dropped by -21.44% in over the last four-week period, additionally sinking by -35.84% over the last 6 months – not to mention a rise of 42.99% 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 37.09, with the RSI for the last a single of trading hit 33.80, and the three-weeks RSI is set at 40.12 for iQIYI Inc. [IQ]. The present Moving Average for the last 50 days of trading for this stock 5.35, while it was recorded at 4.79 for the last single week of trading, and 5.67 for the last 200 days.

iQIYI Inc. [IQ]: Deeper insight into the fundamentals

Operating Margin for any stock indicates how profitable investing would be, and iQIYI Inc. [IQ] shares currently have an operating margin of +4.53 and a Gross Margin at +23.03. iQIYI Inc.’s Net Margin is presently recorded at -0.47.

Return on Total Capital for IQ is now 4.68, given the latest momentum, and Return on Invested Capital for the company is -0.75. Return on Equity for this stock declined to -2.36, with Return on Assets sitting at -0.30. When it comes to the capital structure of this company, iQIYI Inc. [IQ] has a Total Debt to Total Equity ratio set at 407.26. Additionally, IQ Total Debt to Total Capital is recorded at 80.29, with Total Debt to Total Assets ending up at 55.28. Long-Term Debt to Equity for the company is recorded at 162.83, with the Long-Term Debt to Total Capital now at 32.10.

Reflecting on the efficiency of the workforce at the company, iQIYI Inc. [IQ] managed to generate an average of -$2,620 per employee. Receivables Turnover for the company is 6.22 with a Total Asset Turnover recorded at a value of 0.65.iQIYI Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.50 and a Current Ratio set at 0.60.

Earnings analysis for iQIYI Inc. [IQ]

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 -1.09%.

Insider trade positions for iQIYI Inc. [IQ]

The top three institutional holders of IQ stocks are: VANGUARD GROUP INC with ownership of 1.31 billion shares, which is approximately 8.2089%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $170.67 trillion in IQ stocks shares; and BERKSHIRE HATHAWAY INC, currently with $150.98 trillion in IQ stock with ownership which is approximately 5.7381%.

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