Qutoutiao Inc. (QTT): Individual Investors Ironically Turn Bullish

Wall Street analysts will be watching closely when Qutoutiao Inc. (NASDAQ:QTT) reports its quarterly earnings next. Looking at the latest analyst forecasts, the current earnings-per-share (EPS) consensus estimate is sitting at -$0.10 per share. Looking at profitability indicators, this organization has an operating margin of -83.20%, a profit margin of -86.80% and a gross margin of 82.30%.

Speaking of Wall Street analysts, a number of market experts at top investment banks have recently posted their updated ratings on shares of Qutoutiao Inc. (NASDAQ:QTT). Most recently, on October 18th, 2018, Citigroup Initiated a Neutral rating. Before that, on October 9th, 2018, KeyBanc Capital Mkts Initiated to Overweight.

At its current price point, combined with the fact that this company has 268.35M shares outstanding, the current market capitalization sits at 2.12B. In the last trading day, 1,874,329 shares of Qutoutiao Inc. were traded, which compares to its usual volume of about 657.45K shares per day of trading.

If we compare this company’s current price to its recent pricing activity, we can see that the price has changed by $1.79 in the past five trading days, resulting in a percentage change of +24.41% and a moving average of 7.13. In the past 20 days, its price changed by $3.43 (which is +76.73%) and the stock’s moving average was 5.64. Looking back a full 50 days, shares of QTT changed by $1.01 (which is +14.66%) and demonstrated a moving average of 5.43.

Staying in the same analytical area, this company’s stock has demonstrated a 9-day Stochastic %K score of 93.39%, a 14-day Stochastic %K score of 94.05% and a 20-day Stochastic %K score of 95.26%. Using a similar metric, Qutoutiao Inc. (QTT) shares showed a Stochastic %D of 90.12% over the past 9 days, a Stochastic %D score of 92.17% over the last 14 days, and a 20-day Stochastic %D of 93.16%. Meanwhile, this stock’s MACD Oscillator was 0.88 over the past 9 days, 1.34 over the past two weeks, and 1.78 in the last 20 days.

As recent trading data suggests, this company’s shares have been hovering close to the $7.90 level. Over the past 12 months, this stock has experienced a high price of $20.39 and a low of $4.00. Top market experts pay heightened attention to a stock as it is getting closer to a notable historic high price or low price.

Goldman Sachs Co LLC Held shares of this company during the last fiscal quarter, as we can observe in the latest corresponding filing from Qutoutiao Inc. (NASDAQ:QTT) with the Securities and Exchange Commission (SEC). This specific major shareholder, at the end of the quarter, held 100,000 shares of the company’s stock. This share count represents that Goldman Sachs Co LLC now held 0.07% stake in Qutoutiao Inc. (QTT)’s shares.

Just in the most recent trading day, Qutoutiao Inc. (NASDAQ:QTT) experienced a high price of $7.99 and low point of $7.28. At the end of the last trading session, this stock was at 7.9 per share, following a loss of -$0.11, or 6.76% during the full day.