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NASDAQ:QTT - Qutoutiao Stock Price, Forecast & News

$5.42
-0.32 (-5.57 %)
(As of 02/18/2020 05:45 AM ET)
Today's Range
$5.35
Now: $5.42
$5.75
50-Day Range
$3.39
MA: $4.46
$5.77
52-Week Range
$2.56
Now: $5.42
$18.00
Volume2.02 million shs
Average Volume1.20 million shs
Market Capitalization$1.54 billion
P/E RatioN/A
Dividend YieldN/A
Beta0.69
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.

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$43.70 million
Book Value$0.78 per share

Profitability

Net Income$-282,540,000.00

Miscellaneous

Employees1,865
Market Cap$1.54 billion
Next Earnings Date3/3/2020 (Estimated)
OptionableOptionable

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Qutoutiao (NASDAQ:QTT) Frequently Asked Questions

What is Qutoutiao's stock symbol?

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

How were Qutoutiao's earnings last quarter?

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

When is Qutoutiao's next earnings date?

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

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

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.

What price target have analysts set for QTT?

3 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 share price to reach $9.23 in the next year. This suggests a possible upside of 70.4% from the stock's current price. View Analyst Price Targets for Qutoutiao.

What is the consensus analysts' recommendation for Qutoutiao?

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Qutoutiao in the last year. There are currently 1 hold rating and 2 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Qutoutiao.

Has Qutoutiao been receiving favorable news coverage?

News stories about QTT stock have been trending very negative on Tuesday, according to InfoTrie Sentiment. InfoTrie scores the sentiment of press coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Qutoutiao earned a news sentiment score of -3.0 on InfoTrie's scale. They also gave media coverage 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 next few days. View News Stories for Qutoutiao.

Are investors shorting Qutoutiao?

Qutoutiao saw a decline in short interest during the month of January. As of January 31st, there was short interest totalling 11,420,000 shares, a decline of 5.4% from the January 15th total of 12,070,000 shares. Based on an average trading volume of 1,075,300 shares, the short-interest ratio is presently 10.6 days. Approximately 9.5% of the company's shares are sold short. 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 NIO (NIO), Agile Therapeutics (AGRX), SCYNEXIS (SCYX), AbbVie (ABBV), Bank of America (BAC), HUYA (HUYA), Applied Materials (AMAT), Advanced Micro Devices (AMD), Bilibili (BILI) and G-III Apparel Group (GIII).

Who are Qutoutiao's key executives?

Qutoutiao's management team includes the folowing 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 initial public offering (IPO) 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.

Who are Qutoutiao's major shareholders?

Qutoutiao's stock is owned by a variety of of retail and institutional investors. Top institutional investors include Krane Funds Advisors LLC (0.55%), Migdal Insurance & Financial Holdings Ltd. (0.06%), Penserra Capital Management LLC (0.04%), Cubist Systematic Strategies LLC (0.01%), Credit Suisse AG (0.01%) and Goldman Sachs Group Inc. (0.01%).

Which major 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, Cubist Systematic Strategies LLC and Goldman Sachs Group Inc..

Which major investors are buying Qutoutiao stock?

QTT stock was bought by a variety of institutional investors in the last quarter, including Krane Funds Advisors LLC and Migdal Insurance & Financial Holdings Ltd..

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 $5.42.

How big of a company is Qutoutiao?

Qutoutiao has a market capitalization of $1.54 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.

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:  166 (Vote Outperform)
Underperform Votes:  185 (Vote Underperform)
Total Votes:  351
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 2/18/2020 by MarketBeat.com Staff

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