iQIYI Inc ADR [IQ] stock prices are up 5.38% to $4.31 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The IQ shares have gain 5.38% over the last week, with a monthly amount glided 5.90%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
iQIYI Inc ADR [NASDAQ: IQ] stock has seen the most recent analyst activity on November 22, 2023, when JP Morgan downgraded its rating to a Neutral. Previously, Macquarie upgraded its rating to Neutral on July 27, 2023, and kept the price target unchanged to $5.12. On May 17, 2023, upgrade upgraded it’s rating to Outperform and revised its price target to $8 on the stock. Goldman upgraded its rating to a Buy but stick to its price target of $10 on March 06, 2023. BofA Securities upgraded its rating to a Buy and raised its price target to $9 on March 02, 2023. Morgan Stanley upgraded its rating to Equal-Weight for this stock on January 19, 2023, and upped its price target to $5.10.
The stock price of iQIYI Inc ADR [IQ] has been fluctuating between $3.06 and $6.99 over the past year. Currently, Wall Street analysts expect the stock to reach $14.35 within the next 12 months. iQIYI Inc ADR [NASDAQ: IQ] shares were valued at $4.31 at the most recent close of the market. An investor can expect a potential return of 232.95% based on the average IQ price forecast.
Analyzing the IQ fundamentals
The iQIYI Inc ADR [NASDAQ:IQ] reported sales of 4.50B for trailing twelve months, representing a drop of -0.08%. Gross Profit Margin for this corporation currently stands at 0.28% with Operating Profit Margin at 0.09%, Pretax Profit Margin comes in at 0.06%, and Net Profit Margin reading is 0.06%. To continue investigating profitability, this company’s Return on Assets is posted at 0.04, Equity is 0.17 and Total Capital is 0.13. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.27.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 4.12 points at the first support level, and at 3.92 for the second support level. However, for the 1st resistance point, the stock is sitting at 4.43, and for the 2nd resistance point, it is at 4.54.
Ratios To Look Out For
It’s worth pointing out that iQIYI Inc ADR [NASDAQ:IQ]’s Current Ratio is 0.57. On the other hand, the Quick Ratio is 0.57, and the Cash Ratio is 0.2. Considering the valuation of this stock, the price to sales ratio is 0.50, the price to book ratio is 1.33 and price to earnings (TTM) ratio is 15.40.
