IQ Stock Surges Over 5% Amid Strong Financial Performance

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Dec 17, 2024
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iQIYI (IQ, Financial) shares experienced a notable increase of 5.02%, reaching $2.20 per share with a trading volume of 7.82 million shares. The stock's volatility was marked by a 6.22% amplitude and a turnover rate of 0.81%. The company's latest financial report revealed revenue of $1.011 billion, a net profit of $32.01 million, and earnings per share of $0.03, with a gross profit of $223 million and a P/E ratio of 10.80.

Among 26 rating institutions, 54% recommend buying, 42% suggest holding, and 4% advise selling. The entertainment industry, where iQIYI operates, saw a 0.23% overall increase. Notable performers included Multimetaverse Holdings Limited and Fox Corporation-A.

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I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.