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 shares have decreased by 34.1% and is now trading at $3.19.
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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) released its quarterly earnings data on Thursday, June, 4th. The company reported ($0.27) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.25) by $0.02. The business had revenue of $202.24 million for the quarter. Qutoutiao had a negative net margin of 43.29% and a negative return on equity of 2,417.23%.
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 earnings per share 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 Wall Street 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 16.0% from the stock's current price.
View analysts' price targets for Qutoutiao.

Headlines about QTT stock have been trending somewhat negative this week, InfoTrie reports. InfoTrie scores the sentiment of press coverage by analyzing more than six thousand blog and news sources in real time. 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 coverage optimism score of -1.0 on InfoTrie's scale. They also assigned news articles about the company a news buzz of 5.0 out of 10, indicating that recent press coverage is somewhat likely to have an impact on the company's share price in the next several days.
View the latest news about Qutoutiao.

Qutoutiao saw a decrease in short interest in the month of June. As of June 30th, there was short interest totaling 4,370,000 shares, a decrease 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 short-interest ratio is currently 3.1 days. Currently, 3.4% of the shares of the stock are short sold.
View Qutoutiao's Current Options Chain.

Some companies that are related to Qutoutiao include SVMK (SVMK), Pluralsight (PS), Tripadvisor (TRIP), 21Vianet Group (VNET), Sabre (SABR), Cardlytics (CDLX), Internet Initiative Japan (IIJIY), Health Catalyst (HCAT), Model N (MODN), Eventbrite (EB), HealthStream (HSTM), the Rubicon Project (MGNI), TrueCar (TRUE), Pivotal Acquisition (PVT) and Phoenix Tree (LIZI).
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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 (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.

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

Qutoutiao's stock is owned by many different institutional and retail investors. Top institutional shareholders include Leap Investments LP (0.00%).

QTT stock was acquired by a variety of institutional investors in the last quarter, including Leap Investments LP.

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 $3.19.

Qutoutiao has a market capitalization of $903.66 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.