iQIYI (IQ, Financial) experienced a significant stock fluctuation with a swift decline of 5.08% recently, closing at $2.53 per share. The trading volume reached 10.14 million shares, with a turnover rate of 1.06% and a price amplitude of 4.14%.
According to its recent financial report, iQIYI reported revenue of $1.027 billion and a net profit of $9.48 million, resulting in earnings per share of $0.01. The company's gross profit was $243 million, with a price-to-earnings ratio of 10.51.
Among the 27 institutions that rated the stock, 56% recommended a buy rating, 41% advised holding, and 3% suggested selling. In the broader entertainment industry, there was an overall decline of 0.92%.
Some related stocks showed significant activity. Notably, Reservoir Media Inc and Alliance Entertainment Holding Corporation saw substantial gains. Stocks like Bloomz Inc., Color Star Technology, and Sphere Entertainment Co. demonstrated high turnover rates of 4.93%, 3.55%, and 2.90%, respectively, while Alliance Entertainment Holding Corp and Cineverse Corp had noteworthy price amplitudes.
iQIYI is a Chinese online entertainment service provider specializing in internet video, live streaming, online games, literature, anime, e-commerce, and social media platforms. The company produces original content and distributes a mix of professionally produced and user-generated content, catering to a wide audience. Its revenue primarily comes from membership services and online advertising within China.
