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Looking Closely at the Growth Curve for 360 DigiTech Inc. (QFIN)

360 DigiTech Inc. (NASDAQ:QFIN) went up by 4.11% from its latest closing price compared to the recent 1-year high of $26.33. The company’s stock price has collected -8.00% of loss in the last five trading sessions.

Is It Worth Investing in 360 DigiTech Inc. (NASDAQ :QFIN) Right Now?

360 DigiTech Inc. (NASDAQ:QFIN) scored a price-to-earnings ratio above its average ratio, recording 3.51 x from its present earnings ratio. Plus, the 36-month beta value for QFIN is at 0.36. Opinions of the stock are interesting as 13 analysts out of 13 who provided ratings for 360 DigiTech Inc. declared the stock was a “buy,” while 0 rated the stock as “overweight,” 0 rated it as “hold,” and 0 as “sell.”

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The average price from analysts is $152.54, which is $8.14 above the current price. QFIN currently public float of 127.40M and currently shorts hold a 1.78% ratio of that float. Today, the average trading volume of QFIN was 1.01M shares.

QFIN’s Market Performance

QFIN stocks went down by -8.00% for the week, with a monthly jump of 41.18% and a quarterly performance of -13.80%, while its annual performance rate touched -44.99%. The volatility ratio for the week stands at 7.18% while the volatility levels for the past 30 days are set at 8.33% for 360 DigiTech Inc. The simple moving average for the period of the last 20 days is 8.00% for QFIN stocks with a simple moving average of -8.66% for the last 200 days.

Analysts’ Opinion of QFIN

Many brokerage firms have already submitted their reports for QFIN stocks, with China Renaissance repeating the rating for QFIN by listing it as a “Buy.” The predicted price for QFIN in the upcoming period, according to China Renaissance is $20.80 based on the research report published on September 29th of the current year 2022.

Jefferies, on the other hand, stated in their research note that they expect to see QFIN reach a price target of $14. The rating they have provided for QFIN stocks is “Buy” according to the report published on January 05th, 2021.

CLSA gave a rating of “Buy” to QFIN, setting the target price at $20 in the report published on July 16th of the previous year.

QFIN Trading at 4.06% from the 50-Day Moving Average

After a stumble in the market that brought QFIN to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -48.04% of loss for the given period.

Volatility was left at 8.33%, however, over the last 30 days, the volatility rate increased by 7.18%, as shares surge +31.79% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -4.07% lower at present.

During the last 5 trading sessions, QFIN fell by -8.00%, which changed the moving average for the period of 200-days by -32.68% in comparison to the 20-day moving average, which settled at $12.83. In addition, 360 DigiTech Inc. saw -40.34% in overturn over a single year, with a tendency to cut further losses.

Stock Fundamentals for QFIN

Current profitability levels for the company are sitting at:

  • +40.79 for the present operating margin
  • +84.04 for the gross margin

The net margin for 360 DigiTech Inc. stands at +34.76. Equity return is now at value 27.00, with 12.20 for asset returns.