Qutoutiao Inc. (NASDAQ:QTT) shares traded higher over the last trading session, gaining 12.04% on 06/09/21. The shares fell to a low of $1.92 before closing at $2.14. Intraday shares traded counted 4.72 million, which was -84.94% lower than its 30-day average trading volume of 2.55M. QTT’s previous close was $1.91 while the outstanding shares total 299.55M. The stock’s Relative Strength Index (RSI) is 52.99, with weekly volatility at 6.40% and ATR at 0.15. The QTT stock’s 52-week price range has touched low of $1.53 and a $5.64 high.
Investors have identified the Internet Content & Information company Qutoutiao Inc. as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $645.02 million, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.
Qutoutiao Inc. (QTT) Fundamentals that are to be considered.
When analyzing a stock, the first fundamental thing to take into account is the balance sheet. How healthy the balance sheet of a company is will determine if the company will be able to carry out all its financial and non-financial obligations and also keep the faith of its investors. For QTT, the company has in raw cash 128.31 million on their books with 7.71 million currently as liabilities. How the trend is over time is what investors should be concerned about. The company has a healthy balance sheet as their debt profile has been on a decline. In terms of their assets, the company currently has 408.06 million total, with 316.92 million as their total liabilities.
Potential earnings growth for Qutoutiao Inc. (QTT)
In order to determine the future investment potential for this stock, we will have to analyze key trends that affect it. During the 09/08/2021 quarter of the year, Qutoutiao Inc. recorded a total of 199.2 million in revenue. This figure implies that they witnessed a quarterly year/year change in their earnings with -1.56% coming in sequential stages and their sales for the 09/08/2021 quarter reducing by -20.96%.
What matters though is how it ends. When the core data for the company is broken down, then the stock sounds interesting. The company spent 58.83 million trying to sell their products during the last quarter, with the result yielding a gross income of 140.37 million. This allows shareholders to hold on to 299.55M with the recently reported earning now reading -0.08 cents per share. This is a figure that compared to analystâ€™s prediction for their 09/08/2021 (-0.04 cents a share).
Is the stock of QTT attractive?
In the last 6 months, insiders have changed their ownership in shares of company stock by 10.34%.
1 out of 2 analysts covering the stock have rated it a Buy, while 1 have maintained a Hold recommendation on Qutoutiao Inc.. 0 analysts has assigned a Sell rating on the QTT stock. The 12-month mean consensus price target for the companyâ€™s shares has been set at $2.03.