LexinFintech Holdings Ltd ADR (NASDAQ: LX)’s stock price has plunge by -4.80relation to previous closing price of 1.77. Nevertheless, the company has seen a -3.71% plunge in its stock price over the last five trading sessions. seekingalpha.com reported 2024-08-28 that LexinFintech Holdings Ltd. (NASDAQ:LX ) Q2 2024 Earnings Conference Call August 27, 2024 10:00 PM ET Company Participants Mandy Dong – Head, Investor Relations Jay Xiao – Chief Executive Officer Arvin Qiao – Chief Risk Officer James Zheng – Chief Financial Officer Conference Call Participants Yada Li – CICC Zoe Zou – CLSA Alex Ye – UBS Operator Good day, and thank you for standing by.
Is It Worth Investing in LexinFintech Holdings Ltd ADR (NASDAQ: LX) Right Now?
LexinFintech Holdings Ltd ADR (NASDAQ: LX) has a higher price-to-earnings ratio of 2.58x compared to its average ratio, The 36-month beta value for LX is at 0.56. Analysts have varying views on the stock, with 4 analysts rating it as a “buy,” 1 rating it as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for LX is 128.69M, and currently, shorts hold a 0.25% of that float. The average trading volume for LX on August 28, 2024 was 464.20K shares.
LX’s Market Performance
The stock of LexinFintech Holdings Ltd ADR (LX) has seen a -3.71% decrease in the past week, with a -4.26% drop in the past month, and a -7.92% fall in the past quarter. The volatility ratio for the week is 2.60%, and the volatility levels for the past 30 days are at 3.09% for LX. The simple moving average for the last 20 days is -1.45% for LX stock, with a simple moving average of -6.38% for the last 200 days.
Analysts’ Opinion of LX
CLSA, on the other hand, stated in their research note that they expect to see LX reach a price target of $3.45. The rating they have provided for LX stocks is “Buy” according to the report published on March 16th, 2023.
Citigroup gave a rating of “Buy” to LX, setting the target price at $3.60 in the report published on March 14th of the previous year.
LX Trading at -1.36% from the 50-Day Moving Average
After a stumble in the market that brought LX to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -38.05% of loss for the given period.
Volatility was left at 3.09%, however, over the last 30 days, the volatility rate increased by 2.60%, as shares sank -3.47% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +1.13% upper at present.
During the last 5 trading sessions, LX fell by -2.92%, which changed the moving average for the period of 200-days by -11.05% in comparison to the 20-day moving average, which settled at $1.7067. In addition, LexinFintech Holdings Ltd ADR saw -8.42% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for LX
Current profitability levels for the company are sitting at:
- 0.17 for the present operating margin
- 0.36 for the gross margin
The net margin for LexinFintech Holdings Ltd ADR stands at 0.07. The total capital return value is set at 0.18. Equity return is now at value 8.37, with 3.47 for asset returns.
The debt to equity ratio resting at 0.54. The interest coverage ratio of the stock is 44.01.
Currently, EBITDA for the company is 2.09 billion with net debt to EBITDA at 1.49. When we switch over and look at the enterprise to sales, we see a ratio of 0.4. The receivables turnover for the company is 3.12for trailing twelve months and the total asset turnover is 0.57.
Conclusion
In conclusion, LexinFintech Holdings Ltd ADR (LX) has had a bad performance lately. Opinion on the stock among analysts is bullish, with some giving it a “buy” rating and others a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
