LexinFintech Holdings Ltd ADR (NASDAQ: LX) Loses -42.76% From High. Why That Could Change?

Currently, there are 132.59M common shares owned by the public and among those 132.59M shares have been available to trade.

The company’s stock has a 5-day price change of -11.79% and 0.00% over the past three months. LX shares are trading 282.76% year to date (YTD), with the 12-month market performance up to 14.83% higher. It has a 12-month low price of $1.57 and touched a high of $11.64 over the same period. LX has an average intraday trading volume of 2.51 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 -7.15%, -12.50%, and -0.04% respectively.

Institutional ownership of LexinFintech Holdings Ltd ADR (NASDAQ: LX) shares accounts for 60.78% of the company’s 132.59M shares outstanding.

It has a market capitalization of $883.05M and a beta (3y monthly) value of 0.52. The stock’s trailing 12-month PE ratio is 6.29, while the earnings-per-share (ttm) stands at $1.06. The company has a PEG of 0.08 and a Quick Ratio of 1.85 with the debt-to-equity ratio at 0.48. Price movements for the stock have been influenced by the stock’s volatility, which stands at 5.56% over the week and 4.63% over the month.

Earnings per share for the fiscal year are expected to increase by 258.34%, and 37.53% over the next financial year. EPS should grow at an annualized rate of 81.15% over the next five years, compared to -13.56% over the past 5-year period.

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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