In the past week, QFIN stock has gone up by 3.55%, with a monthly decline of -1.11% and a quarterly surge of 36.07%. The volatility ratio for the week is 3.66%, and the volatility levels for the last 30 days are 3.24% for Qifu Technology Inc. ADR The simple moving average for the past 20 days is 4.27% for QFIN’s stock, with a 20.37% simple moving average for the past 200 days.
Is It Worth Investing in Qifu Technology Inc. ADR (NASDAQ: QFIN) Right Now?
The price-to-earnings ratio for Qifu Technology Inc. ADR (NASDAQ: QFIN) is above average at 5.31x. The 36-month beta value for QFIN is also noteworthy at 0.54. 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 141.76M, and at present, short sellers hold a 2.54% of that float. The average trading volume of QFIN on May 02, 2024 was 1.20M shares.
QFIN) stock’s latest price update
Qifu Technology Inc. ADR (NASDAQ: QFIN) has seen a rise in its stock price by 5.22 in relation to its previous close of 18.57. However, the company has experienced a 3.55% gain in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-04-15 that The P/B ratio helps to identify low-priced stocks with high growth prospects. General Motors Company (GM), JD.com (JD), KB Home (KBH), Qifu Technology (QFIN) and Adtalem Global Education (ATGE) are some such stocks.
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 9.79% 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 -5.21% of loss for the given period.
Volatility was left at 3.24%, however, over the last 30 days, the volatility rate increased by 3.66%, as shares surge +2.73% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +26.88% upper at present.
During the last 5 trading sessions, QFIN rose by +3.55%, which changed the moving average for the period of 200-days by +7.42% in comparison to the 20-day moving average, which settled at $18.76. In addition, Qifu Technology Inc. ADR saw 23.51% 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:
- 0.4 for the present operating margin
- 0.62 for the gross margin
The net margin for Qifu Technology Inc. ADR stands at 0.29. The total capital return value is set at 0.23. Equity return is now at value 20.82, with 9.85 for asset returns.
Based on Qifu Technology Inc. ADR (QFIN), the company’s capital structure generated 0.04 points at debt to capital in total, while cash flow to debt ratio is standing at 7.65.
Currently, EBITDA for the company is 7.98 billion with net debt to EBITDA at -0.55. When we switch over and look at the enterprise to sales, we see a ratio of 1.27. The receivables turnover for the company is 1.9for trailing twelve months and the total asset turnover is 0.32.
Conclusion
In summary, Qifu Technology Inc. ADR (QFIN) has had a better performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others 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.
