iQIYI Inc ADR [IQ] Is Currently 0.00 below its 200 Period Moving Avg: What Does This Mean?

iQIYI Inc ADR [NASDAQ: IQ] loss 0.00% or 0.0 points to close at $3.59 with a heavy trading volume of 6590723 shares. The company report on February 19, 2024 at 7:23 AM that iQIYI Reports Booming Viewing Time Across Diverse Content, AI Search Usage Skyrockets by 470%.

Viewing time of variety shows and the new drama release ‘Always on the Move’ soar by 175% and nearly 400%, respectively.

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On February 19, iQIYI, an innovative market-leading online entertainment service in China, has released its report detailing the performance during the Chinese New Year (CNY) holiday period (Feb. 9 – Feb. 15), marking a period of remarkable growth and success. The data highlights a 175% increase in variety shows viewing time during the holiday compared to the pre-holiday period, and a nearly 400% viewing time surge of the hit drama Always on the Move, along with a 470% increase in AI search usage.

The daily chart for IQ points out that the company has recorded -31.49% loss over the past six months.

If we look at the average trading volume of 8.79M shares, IQ reached to a volume of 6590723 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 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 $6.28 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 new note on the price target was released on July 27, 2023, representing the official price target for iQIYI Inc ADR stock. Previously, the target price had yet another raise from $7.70 to $8, while Credit Suisse kept a Outperform rating on IQ stock.

The Average True Range (ATR) for iQIYI Inc ADR is set at 0.19, 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 1.22, with the Price to Cash per share for the same quarter was set at 1.38.

Trading performance analysis for IQ stock

iQIYI Inc ADR [IQ] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 2.87. With this latest performance, IQ shares dropped by -1.91% in over the last four-week period, additionally sinking by -31.49% over the last 6 months – not to mention a drop of -50.14% 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 46.67, with the RSI for the last a single of trading hit 53.05, and the three-weeks RSI is set at 43.36 for iQIYI Inc ADR [IQ]. The present Moving Average for the last 50 days of trading for this stock 4.09, while it was recorded at 3.51 for the last single week of trading, and 4.80 for the last 200 days.

iQIYI Inc ADR [IQ]: A deeper dive into fundamental analysis

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.

iQIYI Inc ADR [IQ]: An earnings per share (EPS) analysis

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%.

An analysis of Institutional ownership at 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%.