iQIYI Inc ADR (NASDAQ:IQ) does about 7.84M shares in volume on a normal day but saw 6306581 shares change hands in Monday trading. The company now has a market cap of 2.66B USD. Its current market price is $5.07, marking an increase of 1.60% compared to the previous close of $4.99. The 52 week high reached by this stock is $6.47 whilst the lowest price level in 52 weeks is $3.06.
iQIYI Inc ADR (IQ) has a 20-day trading average at $4.42 and the current price is -21.64% off the 52-week high compared with 65.69% distance from its 52-week low. The 50-day simple moving average of the closing price is $4.09 and its 200-day simple moving average is $4.55. If we look at the stock’s price movements over the week, volatility stands at 4.57%, which decreases to 4.47% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 73.51 to suggest the stock is overbought.
The consensus objective for the share price is $5.95, suggesting that the stock has a potential upside of 14.79% over the period.
Macquarie upgraded the stock to “Neutral” from Underperform on July 27, 2023 at a price target of $5.12. Credit Suisse upgraded its price target at $7.70-$8.
iQIYI Inc ADR (IQ) stock is up 17.63% over the week and 19.86% over the past month. Its price is 3.89% year-to-date and -13.63% over the past year.
To reach the target analysts have set, the stock logically needs to grow 14.79 percent from here.
The company has a return on investment of 9.23% and return on equity of 20.94%. The price to earnings ratio (P/E ratio) amounts to 18.11 while the forward price to earnings ratio is 8.79. The beta has a value of 0.24. Price to book ratio is 1.56 and price to sales ratio is 0.59.
