iQIYI Inc ADR (NASDAQ: IQ) Drops -14.74% Over A Month, But Analysts Still See Upside Potential

iQIYI Inc ADR (NASDAQ:IQ) currently has a daily average trading volume of 8.97M but it saw 8755894 shares traded in last market. With a market cap of 2.25B USD, the company’s current market price of $4.28 came falling about -1.38 while comparing to the previous closing price of $4.34. 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 $4.83, while its current price level is -33.85% below from 52-week high level whereas it is 39.87% 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 $4.66 while that of 200 days or SMA-200 reads an average of $4.45. A closer look into the stock’s movement over the week reveals that its volatility is standing at 4.39% during that period while stretching the period over a month that increases to 5.71%. 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 37.74 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 -9.51% down while it is -14.74% when we observe its performance for the past one month. Year-to-date it is -12.30% down and over the past year, the stock is showing a downside performance of -9.89%.

Currently, iQIYI Inc ADR’s total number of outstanding shares is 525.01M. Company’s return on investment (ROI) stands at 9.02% and return on equity (ROE) at 16.58%. It has a price to earnings ratio (P/E ratio) of 15.27 while having a 7.52 of forward P/E ratio. Stock’s beta reads 0.10. Stock has a price to book (P/B) ratio of 1.28 while price to sale or P/S ratio amounts to 0.51. Its return on asset (ROA) is 3.91% on average.