It’s A Good Start, But Can The Momentum Continue? iQIYI, Inc. (IQ)

Wall Street analysts will be watching closely when iQIYI, Inc. (NASDAQ:IQ) reports its quarterly earnings next, which is scheduled for Thu 25 Apr (In 26 Days). Looking at the latest analyst forecasts, the current earnings-per-share (EPS) consensus estimate is sitting at -$0.48 per share. In the preceding quarter, the company reportedly generated EPS of -$0.44 per share of its common stock. Looking at profitability indicators, this organization has an operating margin of -33.20%, a profit margin of -37.70% and a gross margin of -8.60%.

Speaking of Wall Street analysts, a number of market experts at top investment banks have recently posted their updated ratings on shares of iQIYI, Inc. (NASDAQ:IQ). Most recently, on December 12th, 2018, HSBC Securities Initiated a Hold rating. Before that, on October 31st, 2018, Credit Suisse Upgrade to Outperform. CLSA Initiated a Buy rating on September 4th, 2018, Goldman Downgrade an Neutral rating on August 2nd, 2018, and Credit Suisse Downgrade a Neutral rating on August 1st, 2018.

At its current price point, combined with the fact that this company has 754.10M shares outstanding, the current market capitalization sits at 18.04B. In the last trading day, 14,008,535 shares of iQIYI, Inc. were traded, which compares to its usual volume of about 10.79M shares per day of trading.

image source: iqexamz.co

If we compare this company’s current price to its recent pricing activity, we can see that the price has changed by -$1.10 in the past five trading days, resulting in a percentage change of -4.40% and a moving average of 23.25. In the past 20 days, its price changed by -$3.23 (which is -11.90%) and the stock’s moving average was 25.65. Looking back a full 50 days, shares of IQ changed by $6.89 (which is +40.46%) and demonstrated a moving average of 23.27.

Staying in the same analytical area, this company’s stock has demonstrated a 9-day Stochastic %K score of 15.50%, a 14-day Stochastic %K score of 15.37% and a 20-day Stochastic %K score of 15.37%. Using a similar metric, iQIYI, Inc. (IQ) shares showed a Stochastic %D of 10.72% over the past 9 days, a Stochastic %D score of 10.68% over the last 14 days, and a 20-day Stochastic %D of 10.68%. Meanwhile, this stock’s MACD Oscillator was -1.44 over the past 9 days, -2.16 over the past two weeks, and -2.53 in the last 20 days.

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