A Guide To The Risks Of Investing In iQIYI Inc. (IQ)


While this happened, Morgan Stanley upgraded its iQIYI Inc. [IQ] rating to an Equal-weight from a an Underweight in a research note published on Tuesday, January 19, 2023; the price target was increased to $5.10 from $2.80. PT values the company’s stock at a premium of -13.33 to its Tuesday closing price. UBS also remained covering IQ and has increased its forecast on September 01, 2022 with a “Buy” recommendation from previously “Neutral” rating. Macquarie started covering the stock on August 23, 2022. It rated IQ as “an Underperform”.

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Price Performance Review of IQ

On Tuesday, iQIYI Inc. [NASDAQ:IQ] saw its stock fall -0.34% to $5.78. On the same session, the stock had its day’s lowest price of $5.65, but rose to a high of $5.89. Over the last five days, the stock has gained 3.40%. iQIYI Inc. shares have risen nearly 9.06% since the year began. Nevertheless, the stocks have risen 35.36% over the past one year. While a 52-week high of $7.10 was reached on 01/05/23, a 52-week low of $1.65 was recorded on 01/18/23. SMA at 50 days reached $4.20, while 200 days put it at $3.70. A total of 7.68 million shares were traded, compared to the trading of 22.76 million shares in the previous session.

Levels Of Support And Resistance For IQ Stock

The 24-hour chart illustrates a support level at 5.66, which if violated will result in even more drops to 5.53. On the upside, there is a resistance level at 5.90. A further resistance level may holdings at 6.01. The Relative Strength Index (RSI) on the 14-day chart is 57.23, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.25, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 66.00%. Stochastics %K at 34.97% indicates the stock is a holding.

How much short interest is there in iQIYI Inc.?

A steep rise in short interest was recorded in iQIYI Inc. stocks on Oct 13, 2022, dropping by -0.99 million shares to a total of 54.67 million shares. Yahoo Finance data shows the prior-month short interest on Sep 14, 2022 was 55.66 million shares. There was a decline of -1.81%, which implies that there is a negative sentiment for the stock.

iQIYI Inc. [IQ] – Who Are The Largest Shareholders?

In filings from Oasis Management, it is revealed that the company now owns 23,529,411 shares, or roughly 6.05% of the outstanding IQ shares. Additionally, Goldman Sachs & Co. LLC increased 0.18% of its stake after which the total value it holdings stand at $99,059,756, while Bank of America, NA added 56.74% of its stake to hold $93.93 million in the firm. At present, HSBC Global Asset Management is holding 12,362,016 shares valued at $65.52 million. Healthcare of Ontario Pension Pla owned 10,520,032 shares of the company at the time of its most recent 13F filing, worth $55.76 million.

According to FactSet, iQIYI Inc.’s share price will average $38.22 in the next year, based on opinions of analysts polled by the firm. This is up nearly 495.69 percent from its previous closing price of $5.80. Analysts expect iQIYI Inc. stock to reach the higher price of $69.48, while the lowest price estimate is $20.06. However, 25 analysts have rated IQ stock as an Overweight in their predictions for 2023.


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