At the time of writing, iQIYI Inc ADR [IQ] stock is trading at $2.14, up 1.90%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The IQ shares have gain 8.63% over the last week, with a monthly amount drifted -17.69%, and not 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 August 27, 2024, when Goldman downgraded its rating to a Neutral. Previously, The Benchmark Company downgraded its rating to Hold on August 23, 2024. On July 23, 2024, downgrade downgraded it’s rating to Reduce and revised its price target to $3 on the stock. JP Morgan downgraded its rating to a Neutral. Macquarie upgraded its rating to a Neutral but $5.12 remained the price target by the analyst firm on July 27, 2023. Credit Suisse upgraded its rating to Outperform for this stock on May 17, 2023, and upped its price target to $8. In a note dated March 06, 2023, Goldman upgraded an Buy rating on this stock but restated the target price of $10.
For the past year, the stock price of iQIYI Inc ADR fluctuated between $1.92 and $5.80. Currently, Wall Street analysts expect the stock to reach $10.86 within the next 12 months. iQIYI Inc ADR [NASDAQ: IQ] shares were valued at $2.14 at the most recent close of the market. An investor can expect a potential return of 407.48% based on the average IQ price forecast.
Analyzing the IQ fundamentals
According to iQIYI Inc ADR [NASDAQ:IQ], the company’s sales were 4.30B for trailing twelve months, which represents an -7.58% plunge. Gross Profit Margin for this corporation currently stands at 0.27% with Operating Profit Margin at 0.09%, Pretax Profit Margin comes in at 0.06%, and Net Profit Margin reading is 0.05%. To continue investigating profitability, this company’s Return on Assets is posted at 0.03, Equity is 0.14 and Total Capital is 0.12. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.28.
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 2.06 points at the first support level, and at 1.97 for the second support level. However, for the 1st resistance point, the stock is sitting at 2.24, and for the 2nd resistance point, it is at 2.33.
Ratios To Look Out For
It is important to note that iQIYI Inc ADR [NASDAQ:IQ] has a current ratio of 0.53. In addition, the Quick Ratio stands at 0.53 and the Cash Ratio stands at 0.26. Considering the valuation of this stock, the price to sales ratio is 0.26, the price to book ratio is 0.63 and price to earnings (TTM) ratio is 9.03.
