iQIYI - IQ Stock Forecast, Price & News

iQIYI, Inc., together with its subsidiaries, provides online entertainment services under the iQIYI brand in the People's Republic of China. The company offers various products and services comprising internet video, online games, live broadcasting, online literature, animations, e-commerce, and social media platform. It operates a platform that provides a collection of internet video content, including professionally-produced content licensed from professional content providers and self-produced content. The company also provides membership, content distribution, and online advertising services. In addition, it operates iQIYI Show, a live broadcasting service that enables users to follow their favorite hosts, celebrities, and shows in real time through live broadcasting; and iQIYI Lite, an easy and quick access to the personalized videos based on their user preferences. Further, it is involved in the talent agency and IP licensing activities, as well as engages in developing a video community app. The company was formerly known as Qiyi.com, Inc. and changed its name to iQIYI, Inc. in November 2017. iQIYI, Inc. was incorporated in 2009 and is headquartered in Beijing, China. iQIYI, Inc. is a subsidiary of Baidu Holdings Limited.

iQIYI Trading Up 0.3 %

Shares of NASDAQ:IQ traded up $0.01 during midday trading on Friday, hitting $3.91. The company had a trading volume of 7,515,794 shares, compared to its average volume of 11,240,862. iQIYI has a 12 month low of $1.86 and a 12 month high of $11.22. The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 1.92. The stock has a market cap of $3.13 billion, a price-to-earnings ratio of -4.20 and a beta of 0.72. The firm has a fifty day simple moving average of $4.26 and a 200 day simple moving average of $4.05.

iQIYI (NASDAQ:IQ - Get Rating) last posted its quarterly earnings results on Thursday, May 26th. The company reported $0.03 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.11) by $0.14. iQIYI had a negative return on equity of 62.47% and a negative net margin of 15.85%. The business had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.13 billion. During the same period last year, the company earned ($0.25) EPS. On average, analysts predict that iQIYI will post -0.19 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts have commented on IQ shares. JPMorgan Chase & Co. upgraded iQIYI from an "underweight" rating to an "overweight" rating and raised their price objective for the stock from $2.00 to $8.00 in a research report on Monday, May 16th. The Goldman Sachs Group initiated coverage on iQIYI in a research report on Sunday, April 10th. They issued a "hold" rating and a $6.20 price objective for the company. Benchmark raised iQIYI from a "hold" rating to a "buy" rating and set a $7.00 target price for the company in a report on Friday, May 27th. Finally, Citigroup raised iQIYI from a "neutral" rating to a "buy" rating and increased their target price for the stock from $4.50 to $5.60 in a report on Thursday, May 26th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $8.59.