Symbol: IQ
IPO'd on 3/29/18 at $18.20 and closed down that day at $15.55.
Its $33 now.
There's 10 million shares available to trade. There's 629 Million shares issued.
They have a debt load of 14 Billion and a market-cap of 9 Billion.
They are forecast to lose over $7/share next year.
What do you think?
As these things go, it will probably keep going up. News like this in-house film getting an award is just bait for extreme suckers. (not a shot at you) There's a lot of dumb money out there chasing these China stocks.
Just know its (basically) a Chinese Ponzi scheme. With financials like that, they would need to produce the equivalent of the entire Disney Film Library in the next 10 years. Its a million miles from being the Chinese equivalent of NFLX, although thats what its being sold as. Don't get caught holding the bag.
