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 about 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 November 18, 2024, IQ stock price declined to $2.08 with 16,353,662 million shares trading.

IQ has a beta of 0.75, meaning it tends to be less sensitive to market movements. IQ has a correlation of 0.02 to the broad based SPY ETF.

IQ has a market cap of $2.00 billion. This is considered a Small Cap stock.

Last quarter Iqiyi - American Depositary Shares reported $1 billion in Revenue and $.03 earnings per share. This fell short of revenue expectation by $-40 million and exceeded earnings estimates by $.03.

In the last 3 years, IQ traded as high as $8.86 and as low as $1.65.

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

IQ has underperformed the market in the last year with a price return of -60.4% while the SPY ETF gained +32.4%. IQ has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -32.0% and -15.4%, respectively, while the SPY returned +6.7% and +3.0%, respectively.

IQ support price is $2.06 and resistance is $2.22 (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 shares will trade within this expected range on the day.