Time to Buy Beat-Down iQIYI Inc. (IQ) Stock? Here is the INSIGHT – Invest Chronicle
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Time to Buy Beat-Down iQIYI Inc. (IQ) Stock? Here is the INSIGHT

iQIYI Inc. (IQ) is priced at $12.84 after the most recent trading session. At the very opening of the session, the stock price was $12.53 and reached a high price of $12.955, prior to closing the session it reached the value of $12.32. The stock touched a low price of $12.332.

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Recently in News on May 14, 2021, iQIYI Holds 2021 iQIYI World Conference, Promoting the Industrialization of Film and TV through Intelligent Production and Creation of a Healthy Industry Ecosystem. iQIYI, Inc. (NASDAQ:IQ) (“iQIYI” or ‘the Company’), an innovative market-leading online entertainment service in China, held its 2021 iQIYI World Conference (‘the Conference’), themed “We are Together Witnessing the Brand New Future,” in Shanghai on May 13 and 14. The Conference featured 17 forums that were attended by industry professionals, scholars and iQIYI partners from around the world. Attendees at the event exchanged their views on the most important trends in the industry, covering hot topics such as content, technology, the membership economy, the IP ecosystem, and new modes of consumption. You can read further details here


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iQIYI Inc. had a pretty Dodgy run when it comes to the market performance. The 1-year high price for the company’s stock is recorded $28.97 on 03/23/21, with the lowest value was $12.14 for the same time period, recorded on 05/13/21.

iQIYI Inc. (IQ) full year performance was -26.54%

Price records that include history of low and high prices in the period of 52 weeks can tell a lot about the stock’s existing status and the future performance. Presently, iQIYI Inc. shares are logging -55.68% during the 52-week period from high price, and 5.77% higher than the lowest price point for the same timeframe. The stock’s price range for the 52-week period managed to maintain the performance between $12.14 and $28.97.

The company’s shares, operating in the sector of Communication Services managed to top a trading volume set approximately around 14422481 for the day, which was evidently lower, when compared to the average daily volumes of the shares.

When it comes to the year-to-date metrics, the iQIYI Inc. (IQ) recorded performance in the market was -26.54%, having the revenues showcasing -51.47% on a quarterly basis in comparison with the same period year before. At the time of this writing, the total market value of the company is set at 9.72B, as it employees total of 7721 workers.

The Analysts eye on iQIYI Inc. (IQ)

During the last month, 8 analysts gave the iQIYI Inc. a BUY rating, 2 of the polled analysts branded the stock as an OVERWEIGHT, 12 analysts were recommending to HOLD this stock, 1 of them gave the stock UNDERWEIGHT rating, and 2 of the polled analysts provided SELL rating.

According to the data provided on Barchart.com, the moving average of the company in the 100-day period was set at 20.19, with a change in the price was noted -4.39. In a similar fashion, iQIYI Inc. posted a movement of -25.48% for the period of last 100 days, recording 17,347,068 in trading volumes.

Total Debt to Equity Ratio (D/E) can also provide valuable insight into the company’s financial health and market status. The debt to equity ratio can be calculated by dividing the present total liabilities of a company by shareholders’ equity. Debt to Equity thus makes a valuable metrics that describes the debt, company is using in order to support assets, correlating with the value of shareholders’ equity The total Debt to Equity ratio for IQ is recording 2.22 at the time of this writing. In addition, long term Debt to Equity ratio is set at 1.29.

Technical rundown of iQIYI Inc. (IQ)

Raw Stochastic average of iQIYI Inc. in the period of last 50 days is set at 4.16%. The result represents downgrade in oppose to Raw Stochastic average for the period of the last 20 days, recording 17.16%. In the last 20 days, the company’s Stochastic %K was 12.65% and its Stochastic %D was recorded 12.87%.

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Considering, the past performance of iQIYI Inc., multiple moving trends are noted. Year-to-date Price performance of the company’s stock appears to be encouraging, given the fact the metric is recording -26.54%. Additionally, trading for the stock in the period of the last six months notably deteriorated by -50.86%, alongside a downfall of -26.54% for the period of the last 12 months. The shares increased approximately by -6.55% in the 7-day charts and went up by -15.36% in the period of the last 30 days. Common stock shares were lifted by -51.47% during last recorded quarter.

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