Lufax Holding Ltd ADR (NYSE: LU): Analyst View Points To Future Growth

Lufax Holding Ltd ADR (LU) concluded trading on Thursday at a closing price of $2.34, with 7.54 million shares of worth about $17.63 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 97.33% during that period and on August 22, 2024 the price saw a loss of about -14.29%. Currently the company’s common shares owned by public are about 838.05M shares, out of which, 837.74M shares are available for trading.

Stock saw a price change of -17.89% in past 5 days and over the past one month there was a price change of -14.91%. Year-to-date (YTD), LU shares are showing a performance of 70.33% which increased to 4.58% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $0.94 but also hit the highest price of $3.10 during that period. The average intraday trading volume for Lufax Holding Ltd ADR shares is 4.49 million. The stock is currently trading -15.54% below its 20-day simple moving average (SMA20), while that difference is down -11.80% for SMA50 and it goes to 26.10% higher than SMA200.

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Lufax Holding Ltd ADR (NYSE: LU) currently have 838.05M outstanding shares and institutions hold larger chunk of about 12.02% of that.

The stock has a current market capitalization of $1.96B and its 3Y-monthly beta is at 0.89. It has posted earnings per share of -$0.58 in the same period. It has a debt-to-equity ratio of 0.58. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for LU, volatility over the week remained 5.07% while standing at 5.38% over the month.

Stock’s fiscal year EPS is expected to drop by -69.67% while it is estimated to increase by 594.90% in next year.

Coverage by UBS stated Lufax Holding Ltd ADR (LU) stock as a Sell in their note to investors on August 24, 2023, suggesting a price target of $1 for the stock. Stock get an Underperform rating from Macquarie on March 14, 2023.

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