Qifu Technology Inc. ADR (QFIN) vs. Its Peers: A Comparison

Qifu Technology Inc. ADR (NASDAQ: QFIN) has a price-to-earnings ratio of 5.32x that is above its average ratio. Additionally, the 36-month beta value for QFIN is 0.61. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”

The public float for QFIN is 146.66M and currently, short sellers hold a 3.09% ratio of that float. The average trading volume of QFIN on April 03, 2024 was 1.13M shares.

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QFIN) stock’s latest price update

The stock price of Qifu Technology Inc. ADR (NASDAQ: QFIN) has dropped by -0.31 compared to previous close of 19.62. Despite this, the company has seen a gain of 5.67% in its stock price over the last five trading days. Zacks Investment Research reported 2024-04-01 that The P/B ratio helps to identify low-priced stocks with high growth prospects. General Motors Company (GM), Unum Group (UNM), KB Home (KBH), Qifu Technology (QFIN) and Affiliated Managers Group (AMG) are some such stocks.

QFIN’s Market Performance

QFIN’s stock has risen by 5.67% in the past week, with a monthly rise of 27.50% and a quarterly rise of 29.45%. The volatility ratio for the week is 3.18% while the volatility levels for the last 30 days are 4.63% for Qifu Technology Inc. ADR The simple moving average for the past 20 days is 10.07% for QFIN’s stock, with a 21.56% simple moving average for the past 200 days.

Analysts’ Opinion of QFIN

BofA Securities, on the other hand, stated in their research note that they expect to see QFIN reach a price target of $24.50. The rating they have provided for QFIN stocks is “Buy” according to the report published on July 06th, 2023.

China Renaissance gave a rating of “Buy” to QFIN, setting the target price at $20.80 in the report published on September 29th of the previous year.

QFIN Trading at 22.00% 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 -4.12% of loss for the given period.

Volatility was left at 4.63%, however, over the last 30 days, the volatility rate increased by 3.18%, as shares surge +27.87% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +40.59% upper at present.

During the last 5 trading sessions, QFIN rose by +5.35%, which changed the moving average for the period of 200-days by +19.27% in comparison to the 20-day moving average, which settled at $17.98. In addition, Qifu Technology Inc. ADR saw 23.64% in overturn over a single year, with a tendency to cut further gains.

Stock Fundamentals for QFIN

Current profitability levels for the company are sitting at:

  • 0.34 for the present operating margin
  • 0.74 for the gross margin

The net margin for Qifu Technology Inc. ADR stands at 0.27. The total capital return value is set at 0.11. Equity return is now at value 20.75, with 9.84 for asset returns.

Based on Qifu Technology Inc. ADR (QFIN), the company’s capital structure generated 0.03 points at debt to capital in total, while cash flow to debt ratio is standing at 8.67. The debt to equity ratio resting at 0.04. The interest coverage ratio of the stock is 65.69.

Currently, EBITDA for the company is 4.76 billion with net debt to EBITDA at -0.84. When we switch over and look at the enterprise to sales, we see a ratio of 1.26. The receivables turnover for the company is 1.86for trailing twelve months and the total asset turnover is 0.32.

Conclusion

In conclusion, Qifu Technology Inc. ADR (QFIN) has seen better performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.

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