Reassessing The Changing Outlook For 9F Inc. (JFU)


Silverhorn Investment Advisors Lt.. recently announced the acquisition of new stake in 9F Inc. (NASDAQ:JFU). This fresh investment now brings its stake to 5.52% valued currently at $13.8 million. In addition, Northern Trust Investments, Inc.(.. raised its holdings by 43520.0 to 55194.0 shares.

With over 1.0 million 9F Inc. (JFU) shares trading Friday and a closing price of $1.66 on the day, the dollar volume was approximately $1.66 million. The shares have shown a negative weekly performance of -15.31% and its price on 08/21/20 lost nearly -6.74%. Currently, there are 195.42M common shares owned by the public and among those 126.89M shares have been available to trade.

An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 1 analysts who have offered their price forecasts for JFU have a consensus price objective of $9.10. The analysts have set the share’s price value over the next 12 months at a high of $9.10 and a low of $9.10 should the stock experience a downside. Incidentally, analysts’ outlook for the 9F Inc. stock is 3.00 for the next 12 months. But an upside of 81.76% will see the stock hit the forecast high price target while mean target price for the stock is $9.10.

The top 3 mutual fund holders in 9F Inc. are FlexShares Morningstar Emerging M, SPDR S&P Emerging Markets Small C, and SPDR S&P Emerging Asia Pacific ET. FlexShares Morningstar Emerging M owns 50384.0 shares of the company’s stock, all valued at over $98249.0. SPDR S&P Emerging Asia Pacific ET now owns shares totaling to 0.01% of the shares outstanding.

Shares of 9F Inc. (NASDAQ: JFU) opened at $1.76, down -$0.02 from a prior closing price of $1.78. However, the script later closed the day at $1.66, down -6.74%. The company’s stock has a 5-day price change of -15.31% and -71.28% over the past three months. JFU shares are trading -82.71% year to date (YTD), with the 12-month market performance down to -86.17% lower. It has a 12-month low price of $1.74 and touched a high of $14.88 over the same period. Currently, 1.0 million shares have been traded, compared to an average intraday trading volume of 834.22K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -15.72%, -47.43%, and -77.57% respectively.

Institutional ownership of 9F Inc. (NASDAQ: JFU) shares accounts for 5.60% of the company’s 195.42M shares outstanding. Mutual fund holders own 0.06%, while other institutional holders and individual stakeholders account for 5.53% and — respectively.

It has a market capitalization of $347.40M. The earnings-per-share (ttm) stands at -$1.58. The company has a debt-to-equity ratio at 0.00. Price movements for the stock have been influenced by the stock’s volatility, which stands at 6.18% over the week and 8.92% over the month.

Analysts forecast that 9F Inc. (JFU) will achieve an EPS of $0 for the current quarter, $0 for the next quarter and $0 for Next Year. The lowest estimate earnings-per-share for the quarter is $0 while analysts give the company a high EPS estimate of $0.

If you are looking to buy this stock, then you may note that the average analyst recommendation by 1 brokerage firm advisors rate 9F Inc. (JFU) as a “Hold” at a consensus score of 3.00. Specifically, 0 Wall Street analysts polled rate the stock as a buy, while 1 of the 1 advise that investors “hold,” and 0 rated it as a “Sell.”


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