iQIYI Inc ADR (IQ) Down -42.39% From Its 52-Week High, But Growth Potential Is Changing Over Time

iQIYI Inc ADR (NASDAQ:IQ) currently has a daily average trading volume of 8.62M but it saw 4179790 shares traded in last market. With a market cap of 2.21B USD, the company’s current market price of $4.20 came rising about 0.72 while comparing to the previous closing price of $4.17. In past 52 weeks, the stock remained buoying in the range of price level as high as $7.29 and as low as $3.06.

Taking a look at 20-day trading activity of iQIYI Inc ADR (IQ) gives us an average price of $4.23, while its current price level is -42.39% below from 52-week high level whereas it is 37.25% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $3.92 while that of 200 days or SMA-200 reads an average of $4.58. A closer look into the stock’s movement over the week reveals that its volatility is standing at 4.74% during that period while stretching the period over a month that decreases to 4.09%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 52.18 which implies that the stock is in neutral territory.

Macquarie upgraded its recommendation for the stock as a “Neutral” from “Underperform” on July 27, 2023 while assigning a price target of $5.12. Credit Suisse issued its recommendations for the stock as it upgraded the price target for the stock in the range of between $7.70 and $8.

Over the week, IQ’s stock price is moving -4.55% down while it is 6.33% when we observe its performance for the past one month. Year-to-date it is -13.93% down and over the past year, the stock is showing a downside performance of -40.51%.

Currently, iQIYI Inc ADR’s total number of outstanding shares is 525.01M. Company’s return on investment (ROI) stands at 9.23% and return on equity (ROE) at 20.94%. It has a price to earnings ratio (P/E ratio) of 15.01 while having a 7.26 of forward P/E ratio. Stock’s beta reads 0.28. Stock has a price to book (P/B) ratio of 1.29 while price to sale or P/S ratio amounts to 0.49. Its return on asset (ROA) is 4.22% on average.