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NASDAQ:QTTQutoutiao Stock Price, Forecast & News

$2.37
+0.03 (+1.28 %)
(As of 05/29/2020 03:13 PM ET)
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Compare
Today's Range
$2.28
Now: $2.37
$2.42
50-Day Range
$2.27
MA: $2.54
$3.05
52-Week Range
$2.20
Now: $2.37
$6.55
Volume544,585 shs
Average Volume919,050 shs
Market Capitalization$671.37 million
P/E RatioN/A
Dividend YieldN/A
Beta1.01
Qutoutiao Inc. operates mobile platforms for the distribution, consumption, and sharing of light entertainment content in the People's Republic of China. The company operates Qutoutiao, a mobile application that aggregates articles and short videos from professional media and freelancers and presents customized feeds to users; and Quduopai, a mobile application that allows users to create, upload, and view videos. It also provides Midu Novels, a mobile literature application that offers users free literature supported by advertising. The company was formerly known as Qtech Ltd. and changed its name to Qutoutiao Inc. in July 2018. Qutoutiao Inc. was founded in 2016 and is headquartered in Shanghai, China.
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Beat the Market (BTM) Rank

Analyst Opinion: 3.5Community Rank: 2.4Dividend Strength: 0.0Insider Behavior: 0.0Valuation: 0.6 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.31 out of 5 stars


Industry, Sector and Symbol

Industry Computer programming, data processing, & other computer related
Sub-IndustryN/A
SectorComputer and Technology
Current SymbolNASDAQ:QTT
CUSIPN/A
CIKN/A
Phone86-21-6858-3790

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$790.85 million
Book Value($0.36) per share

Profitability

Net Income$-386,200,000.00

Miscellaneous

Employees2,932
Market Cap$671.37 million
Next Earnings Date6/1/2020 (Estimated)
OptionableOptionable

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Qutoutiao (NASDAQ:QTT) Frequently Asked Questions

How has Qutoutiao's stock been impacted by COVID-19 (Coronavirus)?

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. Since then, QTT stock has decreased by 51.0% and is now trading at $2.37. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Qutoutiao?

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.

When is Qutoutiao's next earnings date?

Qutoutiao is scheduled to release its next quarterly earnings announcement on Monday, June 1st 2020. View our earnings forecast for Qutoutiao.

How were Qutoutiao's earnings last quarter?

Qutoutiao Inc - (NASDAQ:QTT) released its quarterly earnings results on Wednesday, March, 18th. The company reported ($1.86) EPS for the quarter, missing analysts' consensus estimates of ($0.32) by $1.54. The company had revenue of $1.66 billion for the quarter, compared to analysts' expectations of $1.64 billion. Qutoutiao had a negative return on equity of 2,417.23% and a negative net margin of 48.27%. Qutoutiao's revenue was up 25.0% compared to the same quarter last year. View Qutoutiao's earnings history.

What guidance has Qutoutiao issued on next quarter's earnings?

Qutoutiao issued an update on its first quarter 2020 Pre-Market earnings guidance on Wednesday, March, 18th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $201.097-203.97 million.

What price target have analysts set for QTT?

1 equities research analysts have issued 1-year target prices for Qutoutiao's shares. Their forecasts range from $3.70 to $3.70. On average, they expect Qutoutiao's share price to reach $3.70 in the next year. This suggests a possible upside of 56.1% from the stock's current price. View analysts' price targets for Qutoutiao.

Has Qutoutiao been receiving favorable news coverage?

News headlines about QTT stock have trended somewhat negative this week, according to InfoTrie. The research group identifies positive and negative press 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 -5 to 5, with scores closest to five being the most favorable. Qutoutiao earned a media sentiment score of -1.6 on InfoTrie's scale. They also gave media headlines about the company a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an effect on the stock's share price in the immediate future. View the latest news aboutQutoutiao.

Are investors shorting Qutoutiao?

Qutoutiao saw a decline in short interest in May. As of May 15th, there was short interest totaling 5,590,000 shares, a decline of 19.1% from the April 30th total of 6,910,000 shares. Based on an average daily trading volume, of 2,070,000 shares, the short-interest ratio is currently 2.7 days. Approximately 4.4% of the company's shares are short sold. View Qutoutiao's Current Options Chain.

Who are some of Qutoutiao's key competitors?

What other stocks do shareholders of Qutoutiao own?

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).

Who are Qutoutiao's key executives?

Qutoutiao's management team includes the following people:
  • Mr. Siliang Tan, Co-Founder & Exec. Chairman (Age 39)
  • Mr. Lei Li, Co-Founder, CEO & Exec. Director (Age 35)
  • Mr. Jianfei Dong, Co-Pres & Exec. Director (Age 37)
  • Mr. Guanqiang Feng, Co-Pres (Age 30)
  • Mr. Zhiliang Wang, Co-Founder & CTO (Age 35)

When did Qutoutiao IPO?

(QTT) raised $128 million in an IPO on Friday, September 14th 2018. The company issued 16,000,000 shares at a price of $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.

What is Qutoutiao's stock symbol?

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

Who are Qutoutiao's major shareholders?

Qutoutiao's stock is owned by many different retail and institutional investors. Top institutional investors include Krane Funds Advisors LLC (0.73%), Luminus Management LLC (0.40%), BlackRock Inc. (0.21%), State Street Corp (0.10%), Morgan Stanley (0.03%) and Invesco Ltd. (0.03%).

Which institutional investors are selling Qutoutiao stock?

QTT stock was sold by a variety of institutional investors in the last quarter, including BlackRock Inc., and Invesco Ltd..

Which institutional investors are buying Qutoutiao stock?

QTT stock was bought by a variety of institutional investors in the last quarter, including Luminus Management LLC, Krane Funds Advisors LLC, Morgan Stanley, Jane Street Group LLC, Two Sigma Advisers LP, Engineers Gate Manager LP, State Street Corp, and Paloma Partners Management Co.

How do I buy shares of Qutoutiao?

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.

What is Qutoutiao's stock price today?

One share of QTT stock can currently be purchased for approximately $2.37.

How big of a company is Qutoutiao?

Qutoutiao has a market capitalization of $671.37 million 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.

What is Qutoutiao's official website?

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

How can I contact Qutoutiao?

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.

This page was last updated on 5/29/2020 by MarketBeat.com Staff

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