NASDAQ:QTTQutoutiao Stock Price, Forecast & News

Qutoutiao's stock was trading at $4.84 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, QTT stock has decreased by 28.5% and is now trading at $3.46. 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 quarterly earnings data on Thursday, June, 4th. The company reported ($0.27) earnings per share for the quarter, missing the Zacks' consensus estimate of ($0.25) by $0.02. The firm had revenue of $202.24 million for 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 EPS 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 equities research analysts have issued 12 month price targets 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 twelve months. This suggests a possible upside of 6.9% from the stock's current price. View analysts' price targets for Qutoutiao.

News headlines about QTT stock have been trending negative on Monday, according to InfoTrie Sentiment Analysis. The research group identifies positive and negative press coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Qutoutiao earned a daily sentiment score of -2.1 on InfoTrie's scale. They also gave press coverage about the company a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an impact on the stock's share price in the immediate future. View the latest news about Qutoutiao.

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

Some companies that are related to Qutoutiao include DouYu International (DOYU), 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), The Rubicon Project (RUBI), HealthStream (HSTM), Pivotal Acquisition (PVT) and TrueCar (TRUE). 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 $3.46.

Qutoutiao has a market capitalization of $980.15 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.

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.