Lufax Holding Ltd ADR (LU) Testing Investors’ Patience Right Now

Currently, there are 838.06M common shares owned by the public and among those 837.78M shares have been available to trade.

The company’s stock has a 5-day price change of -14.71% and -17.73% over the past three months. LU shares are trading -2.93% year to date (YTD), with the 12-month market performance up to 105.73% higher. It has a 12-month low price of $1.01 and touched a high of $4.15 over the same period. LU has an average intraday trading volume of 2.94 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 -6.60%, -6.24%, and -7.38% respectively.

Institutional ownership of Lufax Holding Ltd ADR (NYSE: LU) shares accounts for 9.87% of the company’s 838.06M shares outstanding.

It has a market capitalization of $1.94B and a beta (3y monthly) value of 0.90. The earnings-per-share (ttm) stands at -$0.76. The company has a debt-to-equity ratio at 0.56. Price movements for the stock have been influenced by the stock’s volatility, which stands at 6.93% over the week and 4.98% over the month.

Earnings per share for the fiscal year are expected to decrease by -377.99%, and 137.85% over the next financial year.

Looking at the support for the LU, a number of firms have released research notes about the stock. Jefferies stated their Hold rating for the stock in a research note on October 24, 2024, with the firm’s price target at $3.20. UBS was of a view on August 24, 2023 that the stock is Sell, while Bernstein gave the stock Outperform rating on June 08, 2023, issuing a price target of $2.50. Macquarie on their part issued Outperform rating on May 16, 2023.

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