iQIYI Inc ADR [IQ] is -25.00% lower this YTD. Is it still time to buy?

iQIYI Inc ADR [NASDAQ: IQ] slipped around -0.08 points on Friday, while shares priced at $3.66 at the close of the session, down -2.14%. The company report on January 5, 2024 at 2:54 AM that Suspense Drama ‘The Lonely Warrior’ Sets New Records, Raising the Bar for iQIYI ‘Light On Theater’.

On January 4, iQIYI, an innovative market-leading online entertainment service in China, released the series finale of its highly anticipated original drama series The Lonely Warrior for its subscribers. The suspense drama, which is under iQIYI renowned ‘Light On Theater,’ has achieved a remarkable content popularity index of over 9,800, setting a new record for dramas under the ‘Light On Theater’ series and heralding a strong start to the new year for the company.

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The Lonely Warrior unfolds with the gripping tale of a criminal investigation, where an unexpected death occurs during interrogation, resulting in the imprisonment of the lead investigator, Bin CHENG (played by Hao QIN, who won Best Actor for multiple global awards). Simultaneously, another suspect manages to elude capture. After Cheng’s release, he reunites with his former colleagues, who have since transitioned to ordinary lives, and together they embark on an unwavering quest for truth. Against the backdrop of numerous hardships, they work to unravel the mysterious case and pursue the elusive suspect.

Compared to the average trading volume of 8.33M shares, IQ reached a trading volume of 19091408 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 ADR [IQ]?

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for IQ shares is $6.55 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 1.68. 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.

JP Morgan have made an estimate for iQIYI Inc ADR shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on November 22, 2023.

The Average True Range (ATR) for iQIYI Inc ADR is set at 0.22, with the Price to Sales ratio for IQ stock in the period of the last 12 months amounting to 0.42. The Price to Book ratio for the last quarter was 1.24, with the Price to Cash per share for the same quarter was set at 1.38.

How has IQ stock performed recently?

iQIYI Inc ADR [IQ] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -18.49. With this latest performance, IQ shares dropped by -20.95% in over the last four-week period, additionally sinking by -27.81% over the last 6 months – not to mention a drop of -32.84% 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 19.72, with the RSI for the last a single of trading hit 12.61, and the three-weeks RSI is set at 25.95 for iQIYI Inc ADR [IQ]. The present Moving Average for the last 50 days of trading for this stock 4.64, while it was recorded at 4.01 for the last single week of trading, and 5.12 for the last 200 days.

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

iQIYI Inc ADR’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.51 and a Current Ratio set at 0.51.

Earnings analysis for iQIYI Inc ADR [IQ]

With the latest financial reports released by the company, iQIYI Inc ADR posted 0.05/share EPS, while the average EPS was predicted by analysts to be reported at 0.02/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 150.00%. 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 ADR go to 4.49%.

Insider trade positions for iQIYI Inc ADR [IQ]

The top three institutional holders of IQ stocks are: VANGUARD GROUP INC with ownership of 1.3 billion shares, which is approximately 8.2815%. BLACKROCK INC., holding 1.03 billion shares of the stock with an approximate value of $176.59 billion in IQ stocks shares; and BERKSHIRE HATHAWAY INC, currently with $156.75 billion in IQ stock with ownership which is approximately 5.8325%.