SINA - SINA Corporation
| Previous Close | 41.13 |
| Open | 41.61 |
| Bid | 0.00 x 1000 |
| Ask | 45.00 x 800 |
| Day's Range | 41.33 - 42.59 |
| 52 Week Range | 38.84 - 85.44 |
| Volume | 554,941 |
| Avg. Volume | 936,977 |
| Market Cap | 2.941B |
| Beta (3Y Monthly) | 1.75 |
| PE Ratio (TTM) | 23.71 |
| EPS (TTM) | 1.78 |
| Earnings Date | Aug 6, 2019 - Aug 12, 2019 |
| Forward Dividend & Yield | N/A (N/A) |
| Ex-Dividend Date | N/A |
| 1y Target Est | 61.42 |
- InvestorPlace•7 days ago
Right Now the Future Looks Pretty Bleak for IQ Stock
While the U.S. stock market is making fresh new highs, Chinese firms are not enjoying the fun. Chinese stocks remain mired in a bear market, and its tech companies are in a drastic slump. Not surprisingly, iQiyi (NASDAQ:IQ) hasn't been spared. In fact, IQ stock has lost more than half of its value over the past year.Source: Shutterstock Much of this is probably due to external factors. The trade war has scared American investors away from Chinese stocks in general. And China's economy is showing signs of strain. But iQiyi has some concerns of its own that could keep the stock in the doghouse in coming months. Is iQiyi To Fault For Its Massive Stock Price Losses?Chinese stocks have gotten absolutely hammered over the past year. There are 39 Chinese firms with a market cap over $2 billion that have been listed in the U.S. for at least a year.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 10 Best Stocks for 2019: A Volatile First Half Of these, 24 (well more than half ) have lost at least 20% of their value over the past year. Only four out of the 39 have posted a positive return over the past year.IQ stock has been the biggest loser of the bunch, however, shedding 59 percent of its value over the past 12 months. Other notable peers have performed almost as bad, however.Weibo (NASDAQ:WB) is down 58 percent. Sina (NASDAQ:SINA) has plunged 52 percent. And even internet giant Baidu (NASDAQ:BIDU) hasn't been spared; it has knifed 55 percent lower. So IQ stock, while being the worst of a sorry bunch, is hardly an overwhelming outlier. iQiyi's Recent TumbleLike most tech stocks, IQ plummeted to end 2018. Shares recovered to start 2019, but that recent optimism faded in March. Since then, IQ stock has been going straight down again.In addition to the general concerns about the trade war and the health of the Chinese economy, iQiyi is facing two more direct concerns.The first of these is increased government regulation. The China National Radio and TV Administration "NRTA" recently issued more strict guidelines for China's major video players. These will sharply limit the amount of historical dramas that these companies can produce, in relation to dramas based on modern settings.The Chinese government suggested that the video companies were promoting false and harmful views of China's past with these dramas.While this may sound like a silly issue to western investors, it is something to take seriously. Even the most hyper-capitalist of companies must play by a different set of rules in China than they would in places that have more free speech protections.Additionally, it's worth noting that various other Chinese media companies listed in the U.S. have gotten in trouble with the Chinese government for concerns ranging from piracy to sexual content previously, causing sizable share price declines. The current issue with historical dramas will probably blow over. But IQ stock will always face the headwind of the possibility of a government content crackdown at any point.iQiyi also issued more than $1 billion in convertible bonds in March. At the time, it appeared to be a success for IQ stock. They raised money at a lower interest rate and at a less dilutive price than expected. It also represented the second largest convertible bond offering by a Chinese firm in the United States to date.Still, it also appears to have reminded investors that iQiyi has a troubling balance sheet and no plans to make profits anytime soon. When Will iQiyi's Business Model Turn The Corner?It's popular to refer to iQiyi as the Netflix (NASDAQ:NFLX) of China, but this analogy doesn't fully work. For one thing, Netflix relies almost exclusively on subscription revenues. iQiyi, by contrast, gets less than half of its revenues from paid subscriptions. At its price points of $3/month for monthly subscriptions and $2/month for annual subscriptions, iQiyi needs a whole lot of subs to turn a profit.Notably, iQiyi doesn't have the first mover advantage that Netflix did. Already, the Chinese market has three major players. iQiyi has more than 500 million monthly users (not subs), but so does Tencent's offering. Alibaba's (NYSE:BABA) Youku has more than 400 million as well.They all offer competitively subscriptions at super low price points. This makes it difficult for iQiyi to simply copy the Netflix model of raising the subscription price frequently.On the other hand, iQiyi shares a major similarity with Spotify (NYSE:SPOT) rather than Netflix. This is that it has a robust free option, and generates substantial advertising revenues from it.iQiyi, like Spotify, hopes free users will upgrade over time, but it's not a completely closed community like Netflix. Advertising, though down as a percentage of the pie, still made up 43% of iQiyi's revenues in 2018, with subscriptions at just 37%.The idea is that iQiyi will eventually have enough original content to be able to drive far more subscription revenue. At this point, iQiyi is spending nearly as much on content costs as it brings in in revenue. That's obviously not a sustainable model.The question is, will iQiyi be able to reach an inflection point where it starts earning a profit on its content? The fact that two well-funded rivals in Alibaba and Tencent oppose them make it very difficult to either lock up the market or raise prices aggressively. IQ Stock VerdictIf iQiyi can stay the course for quite a few years, it can become a huge winner. It trades far cheaper than Netflix and other streaming companies on a Price/Sales basis. The combination of aggressive revenue growth and an expanding valuation multiple could make IQ stock a home run.But it will be many years, if ever, until iQiyi reaches that point. Right now, the business is losing gushers of money. That's problematic as it faces entrenched rivals. How long will investors fund iQiyi's money-burning content strategy? If the company can keep adding subscribers quickly, IQ stock will eventually recover. But there's a decent chance it will continue to struggle for a long time to come.At the time of this writing, Ian Bezek held no positions in any of the aforementioned securities. You can reach him on Twitter at @irbezek. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Best Stocks for 2019: A Volatile First Half * 7 Simple Ways for Young Investors to Invest Their First $1,000 * 6 Stocks to Buy Based on Insider Buying The post Right Now the Future Looks Pretty Bleak for IQ Stock appeared first on InvestorPlace.
- Simply Wall St.•12 days ago
Why SINA Corporation (NASDAQ:SINA) Is An Attractive Investment To Consider
As an investor, I look for investments which does not compromise one fundamental factor for another. By this I mean, I...
- Market Realist•14 days ago
Sina Stock Staged a Comeback in June
Sina (SINA) shares rose over 7.0% in the last month. The stock slowly staged a comeback after a very disappointing May.
- Zacks•19 days ago
Buy Alibaba (BABA) Despite Decline in Chinese Stocks?
Chinese stocks have been on the decline recently. The BATS Chinese stocks have been under pressure
- Moody's•20 days ago
Weibo Corporation -- Moody's assigns first-time Baa1 issuer and senior unsecured rating to Weibo; outlook stable
Moody's Investors Service has assigned a first-time Baa1 issuer rating to Weibo Corporation. At the same time, Moody's has assigned a Baa1 senior unsecured rating to the proposed USD notes to be issued by Weibo Corporation. "The Baa1 rating reflects Weibo's strong market position as the leading social media platform in China, and its ability to attract content providers, users, and advertisers, allowing it to capture an increasing share of the online advertising market," says Lina Choi, a Moody's Senior Vice President.
- Zacks•21 days ago
Columbia Sportswear, SINA, Trade Desk, Roku and Square highlighted as Zacks Bull and Bear of the Day
Columbia Sportswear, SINA, Trade Desk, Roku and Square highlighted as Zacks Bull and Bear of the Day
- Zacks•24 days ago
Sina (SINA) Up 0.1% Since Last Earnings Report: Can It Continue?
Sina (SINA) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
- Insider Monkey•26 days ago
Were Hedge Funds Right About Flocking Into SINA Corp (SINA) ?
Hedge funds are known to underperform the bull markets but that's not because they are terrible at stock picking. Hedge funds underperform because their net exposure in only 40-70% and they charge exorbitant fees. No one knows what the future holds and how market participants will react to the bountiful news that floods in each […]
Motley Fool•last monthWhy SINA Stock Sank 36% in May
Trade troubles and a worrying outlook in China's online advertising market weighed heavily on SINA stock last month.
- Simply Wall St.•last month
How SINA Corporation (NASDAQ:SINA) Can Impact Your Portfolio Volatility
If you're interested in SINA Corporation (NASDAQ:SINA), then you might want to consider its beta (a measure of share...
- Benzinga•last month
Report: China Will Issue 5G Business Licenses This Week
China will release official 5G business licenses to major carriers in the country Thursday, according to China's Global Times, an newspaper aligned with the country's Communist Party. This is a significant ...
- Motley Fool•2 months ago
Momo's Momentum Returns as Censorship Fears Fade
The “Tinders of China” are still growing in the face of tough regulatory headwinds.
Market Realist•2 months agoA Look at Sina’s Valuation Metrics
Sina Stock Approaches Its 52-Week Low: Is It Undervalued?(Continued from Prior Part)Is Sina stock undervalued?Sina (SINA) stock has fallen 25.4% this year and 36.4% this month. Could its recent pullback provide an entry opportunity for investors or
Market Realist•2 months agoWhy Sina’s Slowing Revenue Growth Is a Concern
Sina Stock Approaches Its 52-Week Low: Is It Undervalued?(Continued from Prior Part)Revenue growth down to 8% in Q1 2019As shown in the chart below, Sina’s (SINA) sales growth has decelerated over the last few quarters, falling YoY
Market Realist•2 months agoWhat’s Driven Sina Stock Lower This Year
Sina Stock Approaches Its 52-Week Low: Is It Undervalued?(Continued from Prior Part)Trade war concernsThe ongoing US-China (FXI) trade war has weighed heavily on Chinese stocks. Most Chinese ADRs (American depositary receipts) have fallen in the
- Market Realist•2 months ago
Sina Stock Has Lost over 36% This Month
Sina Stock Approaches Its 52-Week Low: Is It Undervalued?Stock returnsChinese (FXI) Internet company Sina (SINA) has seen its stock fall considerably. The stock has fallen ~36% this month and wiped out its gains in the first four months of this
- Motley Fool•2 months ago
SINA and Weibo: Falling Knives or Undervalued Stocks?
The two Chinese companies are struggling with weak ad spending and a strong U.S. dollar.
- Market Realist•2 months ago
Why Did Sina Fall Over 10% Yesterday?
These Tech Stocks Slumped Over 5% on May 23Stock fell on disappointing resultsChinese (FXI) Internet company Sina (SINA) fell 10.1% on May 23, 2019. Sina announced its quarterly results yesterday and reported revenue of $475.1 million, a rise of 8%
- Zacks•2 months ago
SINA Q1 Earnings Miss Estimates, Down Y/Y, Revenues Up
SINA's first-quarter 2019 top line benefits from growth in Weibo advertising and marketing and non-advertising revenues.
- Thomson Reuters StreetEvents•2 months ago
Edited Transcript of SINA earnings conference call or presentation 23-May-19 12:10pm GMT
Q1 2019 SINA Corp Earnings Call
- Motley Fool•2 months ago
SINA Tempers Advertising Expectations on Macro Concerns
The Chinese internet media leader threw cold water on its 2019 outlook today.
Motley Fool•2 months agoSina Corporation (SINA) Q1 2019 Earnings Call Transcript
SINA earnings call for the period ending March 31, 2019.
