IQ Stock Summary and Trading Ideas (Iqiyi - American Depositary Shares | NASDAQ:IQ)

Iqiyi is a leading streaming video-on-demand company in China that generates revenue through a mostly subscription basis and has over 100 million paying subscribers and 500 million monthly average users on its platform. The platform also provides user-generated content in long-form videos free of charge to nonpaying users, monetized through video-brand ads and performance-based ads. The company self-produces much of the subscription content and also generates revenue through content distribution, gaming, and IP licensing. Iqiyi competes in a crowded industry with Tencent Video, Alibaba's Youku, ByteDance's MangoTV, and Tencent-backed Bilibili. The company is 45.5% and 5.1% owned by Baidu and Xiaomi, respectively. Baidu also held 89.3% of the voting power as of end-February 2023.

Iqiyi - American Depositary Shares trades on the NASDAQ stock market under the symbol IQ.

As of April 19, 2024, IQ stock price declined to $4.09 with 5,416,734 million shares trading.

IQ has a beta of 1.03, meaning it tends to be more sensitive to market movements. IQ has a correlation of 0.05 to the broad based SPY ETF.

IQ has a market cap of $3.93 billion. This is considered a Mid Cap stock.

Last quarter Iqiyi - American Depositary Shares reported $1 billion in Revenue and $.10 earnings per share. This beat revenue expectation by $20 million and exceeded earnings estimates by $.04.

In the last 3 years, IQ stock traded as high as $16.22 and as low as $1.65.

The top ETF exchange traded funds that IQ belongs to (by Net Assets): KWEB, VXUS, VWO, IEMG, IRBO.

IQ has underperformed the market in the last year with a price return of -41.2% while the SPY ETF gained +21.2%. However, in the short term, IQ had mixed performance relative to the market. It has outperformed in the last 3 months, returning +11.7% vs +3.0% return in SPY. But in the last 2 weeks, IQ shares have been beat by the market, returning -8.9% compared to an SPY return of -4.5%.

IQ support price is $4.08 and resistance is $4.32 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that IQ stock will trade within this expected range on the day.