Qutoutiao stock: buy or sell?

QTT stock price: $2.47 2.92% At close on April 2nd, 2020

Updated on:
April 2nd, 2020

1

Qutoutiao shares escalated 2.92% to $2.47 today. On March/24 QTT rocketed an exceptional 16.31%. Thursday was the 3rd climbing session in a row, soaring 6.53%. On Monday QTT plummed a dreadful -6.06%.

Should I buy Qutoutiao stock?

Trading stocks requires experience and discipline, and your buying and selling decisions must come following a methodology. That's why is so important to choose your own trading plan that fits your character as inversor. At Stocks2.com, we use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best.

Currently, Qutoutiao stock doesn't match any of these trading strategies, so our recommendation is not to buy.

Buy setupElegible
New all-time highNo
New 52 week highNo
Price crossing up 200d MANo
100d MA crossing up 200d MANo
This doesn't mean QTT will slide in coming sessions, or it will not rise higher. Simply, it doesn't match our recommended trading systems.

Is Qutoutiao stock a buy?

Banks and financial institutions post stock ratings everyday. Unfortunately, we couldn't detect any rating for QTT stock for the last 30 days.

Qutoutiao stock analysis

Daily outlook

Qutoutiao shares escalated 2.92% to $2.47 today.

Qutoutiao shares escalated 2.92% to $2.47 today. Since SMA100d and SMA200d crossed up on Mar 19th, QTT price slid a -39.76%. Since price and SMA200d lines crossed down on Mar/19, QTT fell $-1.63 per share (-39.76%). QTT is soaring again after a 20.42% correction from its last top on Mar 25th at $2.89.

QTT stock chart (daily)

Weekly outlook

After sliding a chilling -34.29% in a week last week, Qutoutiao closed this week at $2.47 and inched a slightly fine 0.82%. By mid February QTT climbed an astounding 7.98% in just one week.

Since mid March, when QTT stock price broke down the 40-weeks moving avarage line, it slid $-2.37 per share (-48.97%). Stocks under the 40-weeks moving average line are usually not recommended for average traders.

QTT stock chart (weekly)

Qutoutiao stock price history

Qutoutiao IPO was on September 14th, 2018 at $9.10 per share1. Since then, QTT stock declined a -72.90%, with a yearly average of -72.90%.

1: Adjusted price after possible price splits or reverse-splits.

Qutoutiao stock historical price chart

QTT stock reached 52-week highs at $10.98, and all-time highs 2018-09-14 with a price of 20.39.

Qutoutiao stock price target

Predicting the price evolution of a stock or any financial instrument in a reliable and repeatable way is probably impossible. However, banks and other financial institutions analysts, with the help of lots of data and algorithms do their best to predict the stock prices movement. The accuracy of these stock price predictions is not very high, and you should not blindly believe and make decisions only based on what this ratings or price target predictions say. For the last month we have not found any price prediction for Qutoutiao stock by any trusted analyst.

Financials and fundamental analysis

Earnings date and Earnings per Share

, Qutoutiao reported its latest financial data, posting a decent gain for the Earnings per Share (EPS) ratio. Analyst expected $-0.21 per share, but Qutoutiao posted $-0.23.
QTT earnings date and EPS evolution
QuarterReporting dateEstimated EPSActual EPSSurprise
2017-Q3-n/an/an/a
2017-Q4-n/an/an/a
2018-Q2-n/an/an/a
2018-Q32018-11-12-0.12-0.33n/a
2018-Q42019-03-05-0.21-0.23n/a
2019-Q1-n/an/an/a
2019-Q2-n/an/an/a

Annual financial results

Compared to 2017, last anual revenues report draw a super good gain of 484.50% to $3,022.15 million USD. When comparing 2018 vs 2017, on the other hand, profit margin (that is, the net income divided by revenues) plummed a -45.95% to -64.28%.

QTT annual Sales and Income evolution
YearSalesYoYIncome/(margin)YoY
2016$58 M-$-10.86 M-18.7%-
2017$517 M792.17%$-94.76 M-18.3%772.36%
2018$3,022 M484.50%$-1,942.57 M-64.3%1,950.00%

Quarterly financial results

Qutoutiao reported $1,326.99 M in revenues for 2018-Q4, a 35.78% improvement compared to previous quarter. Reported quarter earnings marked $-397.53 M with a profit margin of -29.96%. Profit margin boosted a 75.49% compared to previous quarter when profit margin was -105.45%. When comparing sales to same quarter last year, Qutoutiao sales marked an exceptional increase and climbed a 426.13%. Looking back to recent quarterly results, Qutoutiao posted 4 positive quarters in a row.
QTT quarterly Sales and Income evolution
QuarterSales1QoQ2Income1/(margin)QoQ2
2017-Q3$158 M-$-11.46 M-7.3%-
2017-Q4$252 M60.08%$-54.62 M-21.7%376.60%
2018-Q2$481 M90.88%$-211.83 M-44.0%287.80%
2018-Q3$977 M103.00%$-1,030.60 M-105.5%386.52%
2018-Q4$1,327 M35.78%$-397.53 M-30.0%-61.43%

Qutoutiao ownership

When you are planning to invest in shares of a company, it's always worth to check its ownership structure.

Qutoutiao shares owned by insiders (that is, founders, CEO, CTO, main executives or other management staff) currently counts a 0.00% of all shares.

In case of Qutoutiao stock, 6.09% of its shares are held by institutions (mutual funds, pension funds, big banks and other large financial institutions). Bearish positions for QTT stock account 0.00%, no big difference from last month.

For a better understanding, the next table shows ownership data compared to other related companies:

QTT
Market cap$643.3 M
Total shares260.5 M
Float shares69.9 M
  - Institutional holdings (%)6.1%
  - Insider holdings (%)0.0%
Shares in short selling0.0%

Qutoutiao summary

Thursday, April 2nd, 2020
Open$2.44
Close$2.47
Day range$2.35 - $2.51
Previous close$2.40
Session gain2.92%
Average true range$0.46
50d mov avg$4.51
100d mov avg$3.95
200d mov avg$4.00
Daily patternlb01a
Weekly pattern

Qutoutiao performance

Stocks performance is always measured in comparision to the market or competitors and related stocks in the same industry. In the following table, we compare Qutoutiao performance to :
Stock3m6m12m
QTTQutoutiao-35.17%-33.24%-73.70%

Qutoutiao competitors

Unfortunately, we could not find any public company that could be defined as Qutoutiao competitor. This doesn't mean Qutoutiao does not have any competitor in the market, it's just we could not detected it.