Following The Money: Institution’s Growing Stake In LexinFintech Holdings Ltd ADR (NASDAQ: LX)

LexinFintech Holdings Ltd ADR (LX) concluded trading on Thursday at a closing price of $2.05, with 4.77 million shares of worth about $9.78 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 14.53% during that period and on September 26, 2024 the price saw a gain of about 13.89%. Currently the company’s common shares owned by public are about 138.76M shares, out of which, 138.70M shares are available for trading.

Stock saw a price change of 23.49% in past 5 days and over the past one month there was a price change of 15.82%. Year-to-date (YTD), LX shares are showing a performance of 11.41% which decreased to -5.96% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $1.56 but also hit the highest price of $2.27 during that period. The average intraday trading volume for LexinFintech Holdings Ltd ADR shares is 628.46K. The stock is currently trading 19.67% above its 20-day simple moving average (SMA20), while that difference is up 19.24% for SMA50 and it goes to 15.15% higher than SMA200.

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LexinFintech Holdings Ltd ADR (NASDAQ: LX) currently have 138.76M outstanding shares and institutions hold larger chunk of about 20.75% of that.

The stock has a current market capitalization of $284.46M and its 3Y-monthly beta is at 0.56. PE ratio of stock for trailing 12 months is 3.14, while it has posted earnings per share of $0.65 in the same period. Its PEG reads 1.33 while making debt-to-equity ratio of 0.52. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for LX, volatility over the week remained 4.73% while standing at 3.48% over the month.

Stock’s fiscal year EPS is expected to rise by 73.41% while it is estimated to increase by 25.66% in next year. EPS is likely to grow at an annualized rate of 2.36% for next 5-years, compared to annual growth of -13.91% made by the stock over the past 5-years.

Coverage by CLSA stated LexinFintech Holdings Ltd ADR (LX) stock as a Buy in their note to investors on March 16, 2023, suggesting a price target of $3.45 for the stock. Stock get a Neutral rating from Citigroup on May 31, 2022.

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