NASDAQ:QTTQutoutiao Stock Price, Forecast & News

Qutoutiao's stock was trading at $4.84 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, QTT stock has decreased by 18.8% and is now trading at $3.93. View which stocks have been most impacted by Coronavirus.

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Qutoutiao in the last year. There are currently 1 buy rating for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Qutoutiao.

Qutoutiao is scheduled to release its next quarterly earnings announcement on Wednesday, September 2nd 2020. View our earnings forecast for Qutoutiao.

Qutoutiao Inc - (NASDAQ:QTT) issued its earnings results on Thursday, June, 4th. The company reported ($0.27) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.25) by $0.02. The company earned $202.24 million during the quarter. Qutoutiao had a negative return on equity of 2,417.23% and a negative net margin of 43.29%. View Qutoutiao's earnings history.

Qutoutiao issued an update on its second quarter 2020 Pre-Market earnings guidance on Thursday, June, 4th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $199.13-201.955 million, compared to the consensus revenue estimate of $247.69 million.

1 Wall Street analysts have issued twelve-month target prices for Qutoutiao's stock. Their forecasts range from $3.70 to $3.70. On average, they expect Qutoutiao's stock price to reach $3.70 in the next year. This suggests that the stock has a possible downside of 5.9%. View analysts' price targets for Qutoutiao.

Media coverage about QTT stock has trended very negative on Monday, InfoTrie reports. The research group identifies negative and positive media coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of public companies on a scale of negative five to five, with scores closest to five being the most favorable. Qutoutiao earned a news impact score of -3.2 on InfoTrie's scale. They also gave press coverage about the company a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an effect on the company's share price in the immediate future. View the latest news about Qutoutiao.

Qutoutiao saw a decrease in short interest in June. As of June 30th, there was short interest totaling 4,370,000 shares, a decrease of 12.4% from the June 15th total of 4,990,000 shares. Based on an average trading volume of 1,420,000 shares, the short-interest ratio is presently 3.1 days. Approximately 3.4% of the company's shares are sold short. View Qutoutiao's Current Options Chain.

Some companies that are related to Qutoutiao include DouYu International (DOYU), Medallia (MDLA), SVMK (SVMK), 21Vianet Group (VNET), Pluralsight (PS), Tripadvisor (TRIP), Sabre (SABR), Cardlytics (CDLX), Internet Initiative Japan (IIJIY), Model N (MODN), Health Catalyst (HCAT), Eventbrite (EB), HealthStream (HSTM), TrueCar (TRUE) and Pivotal Acquisition (PVT). View all competitors.

Based on aggregate information from My MarketBeat watchlists, some companies that other Qutoutiao investors own include Agile Therapeutics (AGRX), Occidental Petroleum (OXY), NIO (NIO), Vaxart (VXRT), Advanced Micro Devices (AMD), Aytu Bioscience (AYTU), HUYA (HUYA), QUALCOMM (QCOM), SCYNEXIS (SCYX) and VBI Vaccines (VBIV).

(QTT) raised $128 million in an initial public offering on Friday, September 14th 2018. The company issued 16,000,000 shares at $7.00-$9.00 per share. Citigroup and Deutsche Bank Securities served as the underwriters for the IPO and China Merchants Securities (HK), UBS Investment Ban and KeyBanc Capital Markets were co-managers.

Qutoutiao trades on the NASDAQ under the ticker symbol "QTT."

Shares of QTT can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of QTT stock can currently be purchased for approximately $3.93.

Qutoutiao has a market capitalization of $1.11 billion and generates $790.85 million in revenue each year. The company earns $-386,200,000.00 in net income (profit) each year or ($1.52) on an earnings per share basis. Qutoutiao employs 2,932 workers across the globe.

The official website for Qutoutiao is www.qutoutiao.net.

Qutoutiao's mailing address is 11/F BLDG 3 XINGCHUANG TECHNOLOGY PLZ 5005 NONG SHENJIANG RD PUDONG NEW AREA, SHANGHAI F4, 200120. The company can be reached via phone at 86-21-6858-3790.