Qifu Technology Inc. ADR (QFIN) concluded trading on Wednesday at a closing price of $18.36, with 4.54 million shares of worth about $83.34 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 16.94% during that period and on March 13, 2024 the price saw a gain of about 12.64%. Currently the company’s common shares owned by public are about 161.40M shares, out of which, 144.19M shares are available for trading.
Stock saw a price change of 18.53% in past 5 days and over the past one month there was a price change of 23.64%. Year-to-date (YTD), QFIN shares are showing a performance of 16.06% which increased to 7.37% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $13.12 but also hit the highest price of $20.40 during that period. The average intraday trading volume for Qifu Technology Inc. ADR shares is 865.74K. The stock is currently trading 18.91% above its 20-day simple moving average (SMA20), while that difference is up 22.58% for SMA50 and it goes to 15.97% higher than SMA200.
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Qifu Technology Inc. ADR (NASDAQ: QFIN) currently have 161.40M outstanding shares and institutions hold larger chunk of about 55.70% of that.
The stock has a current market capitalization of $2.99B and its 3Y-monthly beta is at 0.64. PE ratio of stock for trailing 12 months is 4.99, while it has posted earnings per share of $3.68 in the same period. Its PEG reads 1.92 while making debt-to-equity ratio of 0.04. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for QFIN, volatility over the week remained 6.95% while standing at 4.09% over the month.
Analysts are in expectations that Qifu Technology Inc. ADR (QFIN) stock would likely to be making an EPS of $0.92 in the current quarter, while forecast for next quarter EPS is $0.79 and it is $4.91 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.92 which is $0.92 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.83 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 15.55% while it is estimated to increase by 14.75% in next year.
Coverage by BofA Securities stated Qifu Technology Inc. ADR (QFIN) stock as a Buy in their note to investors on July 06, 2023, suggesting a price target of $24.50 for the stock. On September 29, 2022, China Renaissance Resumed their recommendations, while on January 05, 2021, Jefferies Initiated their ratings for the stock with a price target of $14. Stock get a Buy rating from CLSA on July 16, 2020.
