Jiayin Group Inc. (JFIN): A Great Stock For Handling Current Market Conditions?


Millennium Management LLC recently announced the acquisition of new stake in Jiayin Group Inc. (NASDAQ:JFIN). This fresh investment now brings its stake to 0.19% valued currently at $0.16 million. In addition, HighPoint Advisor Group LLC raised its holdings by 45200.0 to 45200.0 shares.

With over 3.91 million Jiayin Group Inc. (JFIN) shares trading Tuesday and a closing price of $3.60 on the day, the dollar volume was approximately $14.09 million. The shares have shown a positive weekly performance of 6.82% and its price on 08/25/20 gained nearly 33.33%. Currently, there are 54.03M common shares owned by the public and among those 25.03M 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 JFIN have a consensus price objective of $28.28. The analysts have set the share’s price value over the next 12 months at a high of $28.28 and a low of $28.28 should the stock experience a downside. Incidentally, analysts’ outlook for the Jiayin Group Inc. stock is 3.00 for the next 12 months. The average price target is 10.0% above its last price level and an upside to the estimated low will see the stock gain 87.27% over that period. But an upside of 87.27% will see the stock hit the forecast high price target while mean target price for the stock is $28.28.

Shares of Jiayin Group Inc. (NASDAQ: JFIN) opened at $2.74, up $0.04 from a prior closing price of $2.70. However, the script later closed the day at $3.60, up 33.33%. The company’s stock has a 5-day price change of 6.82% and 71.90% over the past three months. JFIN shares are trading -31.56% year to date (YTD), with the 12-month market performance down to -71.20% lower. It has a 12-month low price of $1.60 and touched a high of $30.00 over the same period. Currently, 3.91 million shares have been traded, compared to an average intraday trading volume of 1.78 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 6.75%, -7.36%, and -8.17% respectively.

Institutional ownership of Jiayin Group Inc. (NASDAQ: JFIN) shares accounts for 0.60% of the company’s 54.03M shares outstanding. Mutual fund holders own –, while other institutional holders and individual stakeholders account for — and — respectively.

It has a market capitalization of $201.74M. The stock’s trailing 12-month PE ratio is 4.20, while the earnings-per-share (ttm) stands at $0.86. Price movements for the stock have been influenced by the stock’s volatility, which stands at 14.75% over the week and 8.41% over the month.

Analysts forecast that Jiayin Group Inc. (JFIN) will achieve an EPS of $0.09 for the current quarter, $0.25 for the next quarter and $0 for 2021. The lowest estimate earnings-per-share for the quarter is $0.09 while analysts give the company a high EPS estimate of $0.09. Comparatively, EPS for the current quarter was $0.46 a year ago.

If you are looking to buy this stock, then you may note that the average analyst recommendation by 1 brokerage firm advisors rate Jiayin Group Inc. (JFIN) 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.”

Looking at the support for the JFIN, a number of firms have released research notes about the stock. ROTH Capital stated their Neutral rating for the stock in a research note on April 02, 2020, with the firm’s price target at. ROTH Capital coverage for the Jiayin Group Inc. (JFIN) stock in a research note released on August 27, 2019 offered a Buy rating with a price target of.


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