Shares of iQIYI Inc. (NASDAQ:IQ) traded at a new 52-week low today of $10.37. This new low was reached on below average trading volume as 1.9 million shares traded hands, while the average 30-day volume is approximately 7.5 million shares.
iQIYI Inc is an online entertainment service provider in China. It is primarily engaged in providing a variety of services encompassing internet video, live broadcasting, online games, online literature, animations, e-commerce and social media platform. The company produces original video content and distributes appealing professionally-produced content, partner-generated content, and user-generated content. It also offers a diverse collection of internet video content that appeals to users from broad demographics. The company’s revenue is generated from membership services and online advertising services. The company earns the majority of its revenue from China.
In the past 52 weeks, iQIYI Inc. share prices are bracketed by a current low of $10.37 and a high of $28.97 and is now at $10.48.
iQIYI Inc. (NASDAQ:IQ) is currently priced 23.4% above its average consensus analyst price target of $8.03.
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