NASDAQ:QTT - Qutoutiao Stock Price, Forecast & News

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

Qutoutiao Inc - (NASDAQ:QTT) issued its quarterly earnings results on Tuesday, December, 3rd. The company reported ($3.32) earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of ($0.40) by $2.92. The business had revenue of $1.41 billion for the quarter, compared to analysts' expectations of $1.40 billion. Qutoutiao had a negative return on equity of 380.12% and a negative net margin of 48.30%. The company's revenue was up 44.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($2.72) EPS. View Qutoutiao's Earnings History.

Qutoutiao is scheduled to release their next quarterly earnings announcement on Tuesday, March 3rd 2020. View Earnings Estimates for Qutoutiao.

Qutoutiao updated its fourth quarter 2019 Pre-Market earnings guidance on Tuesday, December, 3rd. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $223.848-226.646 million, compared to the consensus revenue estimate of $260.65 million.

4 Wall Street analysts have issued 12 month target prices for Qutoutiao's shares. Their forecasts range from $3.70 to $14.00. On average, they anticipate Qutoutiao's stock price to reach $10.43 in the next twelve months. This suggests a possible upside of 150.0% from the stock's current price. View Analyst Price Targets for Qutoutiao.

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Qutoutiao in the last year. There are currently 2 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Qutoutiao.

Media headlines about QTT stock have trended positive on Saturday, according to InfoTrie. The research group scores the sentiment of news coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. Qutoutiao earned a media sentiment score of 2.1 on InfoTrie's scale. They also gave media stories about the company a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an effect on the stock's share price in the near term. View News Stories for Qutoutiao.

Qutoutiao saw a decrease in short interest during the month of December. As of December 31st, there was short interest totalling 12,070,000 shares, a decrease of 14.8% from the December 15th total of 14,160,000 shares. Based on an average daily volume of 1,120,000 shares, the days-to-cover ratio is presently 10.8 days. Approximately 10.0% of the shares of the company are short sold. View Qutoutiao's Current Options Chain.

Some companies that are related to Qutoutiao include HUYA (HUYA), Tripadvisor (TRIP), Medallia (MDLA), Switch (SWCH), DouYu International (DOYU), Livongo Health (LVGO), Pluralsight (PS), SVMK (SVMK), Cardlytics (CDLX), Eventbrite (EB), Health Catalyst (HCAT), 21Vianet Group (VNET), Internet Initiative Japan (IIJIY), Model N (MODN) and HealthStream (HSTM).

Based on aggregate information from My MarketBeat watchlists, some companies that other Qutoutiao investors own include NIO (NIO), HUYA (HUYA), Applied Materials (AMAT), Advanced Micro Devices (AMD), Cronos Group (CRON), G-III Apparel Group (GIII), IQIYI (IQ), JD.Com (JD), Micron Technology (MU) and SCYNEXIS (SCYX).

(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 acted as the underwriters for the IPO and China Merchants Securities (HK), UBS Investment Ban and KeyBanc Capital Markets were co-managers.

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 $4.17.

Qutoutiao has a market capitalization of $1.18 billion and generates $43.70 million in revenue each year. The company earns $-282,540,000.00 in net income (profit) each year or ($2.10) on an earnings per share basis. Qutoutiao employs 1,865 workers across the globe.View Additional Information About Qutoutiao.

The official website for Qutoutiao is http://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.