With 53.23 million shares changed hands, the volume of the stock remained heavier than its average volume of 24.96 million shares. The 52-week range on IQ shows that it touched its highest point at $5.80 and its lowest point at $1.82 during that stretch. It currently has a 1-year price target of $2.65. Beta for the stock currently stands at 0.05.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of IQ was down-trending over the past week, with a drop of -10.52%, but this was up by 15.64% over a month. Three-month performance surged to 8.41% while six-month performance fell -26.31%. The stock lost -37.19% in the past year, while it has gained 12.19% so far this year. A look at the trailing 12-month EPS for IQ yields 0.11 with Next year EPS estimates of 0.30. For the next quarter, that number is 0.05. This implies an EPS growth rate of 17.76% for this year and 19.29% for next year.
Float and Shares Shorts:
At present, 525.22 million IQ shares are outstanding with a float of 524.22 million shares on hand for trading.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for IQ since 21 analysts follow the stock currently. There are 10 analysts who recommend BUY ratings, while 1 suggest SELL ratings. Of the remaining analysts, 10 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of $1.54751 being high and $1.41294 being low. For IQ, this leads to a yearly average estimate of $1.48022. Based on analyst estimates, the high estimate for the next quarter is $0.5 and the low estimate is $0.45. The average estimate for the next quarter is thus $0.48.
