|Bid||13.20 x 1000|
|Ask||13.96 x 1400|
|Day's Range||13.40 - 14.38|
|52 Week Range||4.00 - 20.39|
|Beta (3Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||10.60|
Chinese startup ByteDance is finding itself surrounded by challengers as itsempire of new media products, including global video app TikTok and Chinesenews aggregator Jinri Toutiao, gather steam
Recent China IPOs Nio and Qutoutiao dived late on earnings reports. Ross Stores, SailPoint Technologies and Horizon Pharma moved on news too.
Qutoutiao Inc. shares plunged 10% in late trading Tuesday after the Chinese news-aggregation app reported earnings that showed huge growth in revenue and users, but also larger losses. Qutoutiao reported fourth-quarter losses of 398 million renminbi, or $57.9 million, on revenue of 1.33 billion renminbi, or about $193 million, up more than 400% from the year before. After adjusting for stock-based compensation and other effects, the company claimed net losses of $53.3 million, or 22 cents a share. Analysts on average expected adjusted losses of 19 cents a share on revenue of $192.3 million, according to FactSet. The company predicted 2019 revenue of 7.5 billion to 8.5 billion renminbi, after reporting 2018 sales of slightly more than 3 billion renminbi. At current exchange rates, that would be about $1.13 billion to $1.28 billion, while analysts on average were predicting $1.26 billion in 2019 revenue for the company, according to FactSet. Qutoutiao said that daily and monthly users grew more than 200% apiece from the same quarter a year ago, though it paid $108.6 million to acquire users, up nearly 700% from the year before. Qutoutiao shares closed with a 14.2% gain at $15.65 Tuesday, then dropped to about $14 in immediate after-hours action following release of the report. The company went public last year at $7 per ADR.
SHANGHAI, March 05, 2019 -- Qutoutiao Inc. (“Qutoutiao”, the “Company” or “We”) (NASDAQ: QTT), an innovative and fast growing mobile content platform company in China, today.
Shares of China internet stocks are trading higher in premarket trading Monday after President Donald Trump's announcement saying he would be delaying tariff increases on Chinese goods. Trump said he saw "substantial progress" during his recent discussions with China. American depository shares of game-streaming company Huya Inc. and viral-content company Qutoutiao Inc. [s" qtt] are among the biggest premarket gainers, up 9% and 6.6%, respectively. Other gainers include shares of streaming-video company iQiyi Inc., e-commerce company Pinduoduo Inc., and video-sharing website Bilibili Inc, all up more than 5% in premarket trading. Shares of JD.com Inc. are up 5.3% premarket, while shares of Alibaba Group Holding Ltd. are up 2.6%. Shares of Chinese electric-car company Nio Inc. are up about 7%. The company was the subject of a "60 Minutes" segment on Sunday. The KraneShares China Internet ETF has gained 11% over the past three months, as the S&P 500 has risen 6.1%.
- Earnings Call Scheduled for 8:00 p.m. ET on March 5, 2019 - SHANGHAI, China, Feb. 22, 2019 -- Qutoutiao Inc. (“Qutoutiao” or the “Company”) (NASDAQ: QTT), an innovative and.
Investors need to pay close attention to Qutoutiao (QTT) stock based on the movements in the options market lately.
For the first time this year the bears have a little downside momentum going. The S&P 500 is looking at its longest losing streak since the bottom on December 24 and there isn't any obvious support level nearby. With a negative close today this will be the first 3-day losing streak of the year.
Two cannabis stocks are among our four charts to watch today. The move came on a Bloomberg report that Green Growth Brands (GGBXF) is open to negotiations regarding its attempt to buy the Canadian marijuana company. Watch for a move next to $9.50, as momentum is strong, followed by $10.50, which is the next lateral resistance.
Feb 1 (Reuters) - Tencent Holdings Ltd: * TENCENT HOLDINGS LIMITED REPORTS 14.6 PERCENT PASSIVE STAKE IN QUTOUTIAO INC AS OF DEC 31, 2018 - SEC FILING Source: ( https://bit.ly/2MIDjhF ) Further company ...
If you want to know who really controls Qutoutiao Inc. (NASDAQ:QTT), then you'll have to look at the makeup of its share registry. Large companies usually have institutions as shareholders, Read More...
Shares of Chinese internet stocks are trading higher in Tuesday's session, after the Chinese government said it would cut taxes and ramp up infrastructure investments in an effort to stimulate the economy. Shares of Qutoutiao Inc. , a Chinese viral-content site, are up more than 5% in morning trading, and shares of Bilibili Inc. , which runs a video-sharing platform, are up 3.2%. Baidu Inc. shares are also heading higher, up nearly 3%. Alibaba Group Holding Ltd. shares are up 1.8% in Tuesday trading, a day after the company's president, Michael Evans, said at a retail conference that he thinks the future of China "looks very good, notwithstanding some troubling headwinds." The KraneShares China Internet ETF is also up 1.8% Tuesday. The ETF has dropped 7.8% over the the past three months, as the S&P 500 has fallen 5.5%.
Dow Jones Industrial Average gained 1.09 percent to settle at 23,787.45, while S&P 500 increased 0.97 percent to close at 2,574.41. Nasdaq jumped 1.08 percent to close at 6,897.00. The stock recorded a trading volume of 3,229,183 shares, which was above its three months average volume of 666,803 shares.
Qutoutiao Inc. (NASDAQ:QTT) is a stock with outstanding fundamental characteristics. When we build an investment case, we need to look at the stock with a holistic perspective. In the case Read More...
BEIJING/SHANGHAI, Dec 4 (Reuters) - Cai Li, a janitor in Shanghai, developed a serious addiction to news app Qutoutiao, lured by gossipy articles about celebrities and the cash she gets from reading them. Digital gold coins are earned by playing games that involve reading stories or by convincing others to join up. The payments are an extreme example of financial incentives from discounts to coupons employed by a new generation of Chinese internet firms as they seek to establish themselves in a market dominated by much bigger players.
Earnings Call Scheduled for 8:00 a.m. ET on November 12, 2018 SHANGHAI, Nov. 01, 2018 -- Qutoutiao Inc. (“Qutoutiao” or the “Company”) (NASDAQ: QTT), a leading mobile content.
China-based Qutoutiao Inc (NASDAQ: QTT) is a mobile content aggregator with a stock that began trading for the first time on an American exchange in late September. The bullish case for Qutoutiao's stock is fourfold, Chung said in the initiation note. The platform offers users rewards that grow with engagement and can be converted to RMBs, Chung said.
NEW YORK, NY / ACCESSWIRE / October 8, 2018 / U.S. equities plunged on Friday as concerns over rising interest rates countered upbeat economic data. U.S. unemployment rate dropped to 3.7 percent, its lowest ...