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NASDAQ:QTT - Qutoutiao Stock Price, Forecast & News

$2.45
-0.19 (-7.20 %)
(As of 03/29/2020 04:00 PM ET)
Today's Range
$2.45
Now: $2.45
$2.60
50-Day Range
$2.36
MA: $4.87
$6.37
52-Week Range
$2.22
Now: $2.45
$12.31
Volume1.55 million shs
Average Volume2.99 million shs
Market Capitalization$694.04 million
P/E RatioN/A
Dividend YieldN/A
Beta0.03
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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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$-389,050,000.00

Miscellaneous

Employees1,865
Market Cap$694.04 million
Next Earnings Date5/18/2020 (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 (WHO). Since then, QTT shares have decreased by 49.4% and is now trading at $2.45. View which stocks have been mosted impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Qutoutiao?

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Qutoutiao in the last year. There are currently 2 buy ratings 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, May 18th 2020. View our earnings forecast for Qutoutiao.

How were Qutoutiao's earnings last quarter?

Qutoutiao Inc - (NASDAQ:QTT) issued its quarterly earnings data on Wednesday, March, 18th. The company reported ($1.86) earnings per share for the quarter, missing the Zacks' consensus estimate of ($0.32) by $1.54. The business had revenue of $1.66 billion for the quarter, compared to analyst estimates of $1.64 billion. Qutoutiao had a negative net margin of 48.27% and a negative return on equity of 2,445.77%. Qutoutiao's revenue was up 25.0% on a year-over-year basis. 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 (EPS) guidance of for the period. The company issued revenue guidance of $201.097-203.97 million.

What price target have analysts set for QTT?

2 Wall Street analysts have issued 12-month target prices for Qutoutiao's stock. Their forecasts range from $3.70 to $14.00. On average, they expect Qutoutiao's stock price to reach $8.85 in the next year. This suggests a possible upside of 261.2% from the stock's current price. View analysts' price targets for Qutoutiao.

Has Qutoutiao been receiving favorable news coverage?

News articles about QTT stock have been trending extremely negative recently, InfoTrie Sentiment reports. The research group scores the sentiment of press coverage by reviewing more than six thousand blog and news sources. The firm ranks coverage of companies on a scale of negative five to five, with scores nearest to five being the most favorable. Qutoutiao earned a daily sentiment score of -5.0 on InfoTrie's scale. They also assigned media headlines about the company a news buzz of 10.0 out of 10, indicating that recent press coverage is extremely likely to have an effect on the company's share price in the next several days. View the latest news aboutQutoutiao.

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), Advanced Micro Devices (AMD), vTv Therapeutics (VTVT), Amarin (AMRN), Crispr Therapeutics (CRSP), Vaxart (VXRT), HUYA (HUYA), NIO (NIO), Aduro BioTech (ADRO) and Bilibili (BILI).

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 shareholders include Krane Funds Advisors LLC (0.55%), Norges Bank (0.16%), Migdal Insurance & Financial Holdings Ltd. (0.06%), Penserra Capital Management LLC (0.04%), Geode Capital Management LLC (0.02%) and Cubist Systematic Strategies LLC (0.01%).

Which institutional investors are selling Qutoutiao stock?

QTT stock was sold by a variety of institutional investors in the last quarter, including Penserra Capital Management LLC, Credit Suisse AG, Nuveen Asset Management LLC, Cubist Systematic Strategies LLC, and Goldman Sachs Group Inc..

Which institutional investors are buying Qutoutiao stock?

QTT stock was purchased by a variety of institutional investors in the last quarter, including Norges Bank, Krane Funds Advisors LLC, Migdal Insurance & Financial Holdings Ltd., and Geode Capital Management LLC.

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 $2.45.

How big of a company is Qutoutiao?

Qutoutiao has a market capitalization of $694.04 million and generates $790.85 million in revenue each year. The company earns $-389,050,000.00 in net income (profit) each year or ($1.52) on an earnings per share basis. Qutoutiao employs 1,865 workers across the globe. View additional information about Qutoutiao.

What is Qutoutiao's official website?

The official website for Qutoutiao is http://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.


MarketBeat Community Rating for Qutoutiao (NASDAQ QTT)

Community Ranking:  2.4 out of 5 (star star)
Outperform Votes:  177 (Vote Outperform)
Underperform Votes:  194 (Vote Underperform)
Total Votes:  371
MarketBeat's community ratings are surveys of what our community members think about Qutoutiao and other stocks. Vote "Outperform" if you believe QTT will outperform the S&P 500 over the long term. Vote "Underperform" if you believe QTT will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 3/29/2020 by MarketBeat.com Staff

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