Better Times Ahead For Qifu Technology Inc. ADR (NASDAQ: QFIN)?

Qifu Technology Inc. ADR (QFIN) concluded trading on Wednesday at a closing price of $23.70, with 3.33 million shares of worth about $78.91 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 57.58% during that period and on August 14, 2024 the price saw a gain of about 12.27%. Currently the company’s common shares owned by public are about 157.61M shares, out of which, 141.68M shares are available for trading.

Stock saw a price change of 21.79% in past 5 days and over the past one month there was a price change of 19.34%. Year-to-date (YTD), QFIN shares are showing a performance of 49.81% which increased to 44.42% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $13.68 but also hit the highest price of $21.57 during that period. The average intraday trading volume for Qifu Technology Inc. ADR shares is 1.13 million. The stock is currently trading 20.50% above its 20-day simple moving average (SMA20), while that difference is up 19.80% for SMA50 and it goes to 35.70% higher than SMA200.

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Qifu Technology Inc. ADR (NASDAQ: QFIN) currently have 157.61M outstanding shares and institutions hold larger chunk of about 59.89% of that.

The stock has a current market capitalization of $3.73B and its 3Y-monthly beta is at 0.64. PE ratio of stock for trailing 12 months is 5.70, while it has posted earnings per share of $4.16 in the same period. Its PEG reads 0.58 while making debt-to-equity ratio of 0.05. 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 3.44% while standing at 3.17% over the month.

Stock’s fiscal year EPS is expected to rise by 28.81% while it is estimated to increase by 9.61% 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.

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