Should You Sell iQIYI Inc ADR (IQ) And Go Away This Year?

iQIYI Inc ADR (NASDAQ:IQ) currently has a daily average trading volume of 7.83M but it saw 6501019 shares traded in last market. With a market cap of 2.53B USD, the company’s current market price of $4.82 remained unchanged while comparing to the previous closing price of $4.82. In past 52 weeks, the stock remained buoying in the range of price level as high as $6.47 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 $4.35, while its current price level is -25.50% below from 52-week high level whereas it is 57.52% 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 $4.03 while that of 200 days or SMA-200 reads an average of $4.56. A closer look into the stock’s movement over the week reveals that its volatility is standing at 5.22% during that period while stretching the period over a month that decreases to 4.53%. 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 68.83 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 14.76% up while it is 19.31% when we observe its performance for the past one month. Year-to-date it is -1.23% down and over the past year, the stock is showing a downside performance of -18.44%.

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 17.22 while having a 8.35 of forward P/E ratio. Stock’s beta reads 0.24. Stock has a price to book (P/B) ratio of 1.48 while price to sale or P/S ratio amounts to 0.56. Its return on asset (ROA) is 4.22% on average.