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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 May 21, 2024, IQ stock price declined to $4.97 with 4,432,746 million shares trading.
IQ has a beta of 1.33, meaning it tends to be more sensitive to market movements. IQ has a correlation of 0.08 to the broad based SPY ETF.
IQ has a market cap of $4.77 billion. This is considered a Mid Cap stock.
Last quarter Iqiyi - American Depositary Shares reported $1 billion in Revenue and $.12 earnings per share. This beat revenue expectation by $20 million and exceeded earnings estimates by $.06.
In the last 3 years, IQ stock traded as high as $16.13 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 +0.2% while the SPY ETF gained +28.2%. However, in the short term, IQ had mixed performance relative to the market. It has outperformed in the last 3 months, returning +38.4% vs +7.0% return in SPY. But in the last 2 weeks, IQ shares have been beat by the market, returning -3.3% compared to an SPY return of +2.6%.
IQ support price is $4.83 and resistance is $5.17 (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.