LexinFintech Holdings Ltd ADR (LX) Volatility Spurs A Quest For Clarity

Currently, there are 128.74M common shares owned by the public and among those 128.74M shares have been available to trade.

The company’s stock has a 5-day price change of 14.12% and 77.98% over the past three months. LX shares are trading 82.59% year to date (YTD), with the 12-month market performance up to 445.88% higher. It has a 12-month low price of $1.56 and touched a high of $10.91 over the same period. LX has an average intraday trading volume of 3.32 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 16.06%, 32.43%, and 157.56% respectively.

Institutional ownership of LexinFintech Holdings Ltd ADR (NASDAQ: LX) shares accounts for 46.19% of the company’s 128.74M shares outstanding.

It has a market capitalization of $1.36B and a beta (3y monthly) value of 0.35. The stock’s trailing 12-month PE ratio is 17.04, while the earnings-per-share (ttm) stands at $0.62. The company has a debt-to-equity ratio at 0.44. Price movements for the stock have been influenced by the stock’s volatility, which stands at 6.98% over the week and 7.79% over the month.

Analysts forecast that LexinFintech Holdings Ltd ADR (LX) will achieve an EPS of 0 for the current quarter, 0 for the next quarter and 12.58 for current fiscal year. The lowest estimate earnings-per-share for the quarter is 0 while analysts give the company a high EPS estimate of 0. Earnings per share for the fiscal year are expected to increase by 259.00%, and 41.30% over the next financial year.

CLSA was of a view on March 16, 2023 that the stock is Buy, while Citigroup gave the stock Buy rating on March 14, 2023, issuing a price target of $2.31- $3.60. UBS on their part issued Buy rating on February 01, 2023.

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