Shares of iQIYI, Inc. (NASDAQ:IQ – Get Free Report) have been given an average rating of “Hold” by the four brokerages that are currently covering the firm, Marketbeat reports. Three research analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $6.18.
A number of research firms have issued reports on IQ. OTR Global reiterated a “mixed” rating on shares of iQIYI in a research note on Thursday, April 4th. Benchmark reaffirmed a “buy” rating and issued a $9.00 price objective on shares of iQIYI in a research note on Friday, May 17th.
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iQIYI Stock Performance
Shares of IQ stock opened at $3.58 on Friday. The company has a market capitalization of $3.43 billion, a price-to-earnings ratio of 12.79, a P/E/G ratio of 0.27 and a beta of 0.08. iQIYI has a 1-year low of $3.06 and a 1-year high of $6.47. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.68. The stock’s fifty day simple moving average is $4.56 and its 200-day simple moving average is $4.23.
iQIYI (NASDAQ:IQ – Get Free Report) last posted its quarterly earnings results on Thursday, May 16th. The company reported $0.10 EPS for the quarter, topping the consensus estimate of $0.06 by $0.04. iQIYI had a net margin of 6.23% and a return on equity of 17.57%. The business had revenue of $1.11 billion during the quarter, compared to analysts’ expectations of $1.09 billion. On average, sell-side analysts predict that iQIYI will post 0.38 earnings per share for the current fiscal year.
About iQIYI
iQIYI, Inc, together with its subsidiaries, provides online entertainment video services in the People's Republic of China. It offers various products and services, including online video, online games, online literature, animations, and other products. The company operates a platform that provides a collection of internet video content, such as professionally produced content licensed from professional content providers and self-produced content.
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