The price-to-earnings ratio for Qifu Technology Inc. ADR (NASDAQ: QFIN) is 5.41x, which is above its average ratio. Moreover, the 36-month beta value for QFIN is 0.54. Analysts have varying opinions on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for QFIN is 141.76M and currently, short sellers hold a 2.54% of that float. On May 08, 2024, QFIN’s average trading volume was 1.22M shares.
QFIN) stock’s latest price update
Qifu Technology Inc. ADR (NASDAQ: QFIN) has seen a rise in its stock price by 1.63 in relation to its previous close of 19.59. However, the company has experienced a 8.86% gain in its stock price over the last five trading sessions. GlobeNewsWire reported 2024-05-07 that SHANGHAI, China, May 07, 2024 (GLOBE NEWSWIRE) — Qifu Technology, Inc. (NASDAQ: QFIN; HKEx: 3660) (“Qifu Technology” or the “Company”), a leading Credit-Tech platform in China, today announced that it will report its unaudited financial results for the first quarter ended March 31, 2024, before U.S. markets open on Monday, May 20, 2024.
QFIN’s Market Performance
QFIN’s stock has risen by 8.86% in the past week, with a monthly rise of 1.58% and a quarterly rise of 33.27%. The volatility ratio for the week is 3.78% while the volatility levels for the last 30 days are 3.32% for Qifu Technology Inc. ADR The simple moving average for the last 20 days is 5.95% for QFIN stock, with a simple moving average of 22.49% for the last 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 10.34% 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 -3.42% of loss for the given period.
Volatility was left at 3.32%, however, over the last 30 days, the volatility rate increased by 3.78%, as shares sank -0.40% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +29.45% upper at present.
During the last 5 trading sessions, QFIN rose by +8.86%, which changed the moving average for the period of 200-days by +8.56% in comparison to the 20-day moving average, which settled at $18.79. In addition, Qifu Technology Inc. ADR saw 25.85% 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 1.29. The receivables turnover for the company is 1.9for trailing twelve months and the total asset turnover is 0.32.
Conclusion
To wrap up, the performance of Qifu Technology Inc. ADR (QFIN) has been better in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
