Shares of iQIYI (IQ, Financial) experienced a notable fluctuation, dropping by 5.33%. The stock is currently priced at $2.47, with a trading volume of 9.24 million shares and a turnover rate of 0.96%. The price fluctuation for the stock was recorded at 5.36%.
In the latest financial report, iQIYI reported revenue of $1.027 billion, a net profit of $9.48 million, and earnings per share (EPS) of $0.01. The company has a gross profit of $243 million and a price-to-earnings (P/E) ratio of 10.29.
Regarding analyst ratings, 56% of the 27 participating institutions have given a "buy" recommendation for iQIYI, while 41% suggest holding the stock, and 3% advise selling.
Within the entertainment industry, where iQIYI operates, the overall growth was 0.38%. Notably, stocks like Alliance Entertainment Holding and LiveOne, Inc. saw significant gains, while Roku, Inc. and others showed high turnover rates. Alliance Entertainment Holding Corp exhibited the highest price fluctuation among related stocks, with an amplitude of 42.67%.
iQIYI is a leading online entertainment service provider in China, offering internet video, live streaming, online games, digital literature, and more. The company generates revenue primarily through membership and online advertising services, with most earnings from the Chinese market.
