Qifu Technology Inc. ADR (QFIN) Shares Decline Despite Market Challenges

Qifu Technology Inc. ADR (NASDAQ: QFIN)’s stock price has plunge by -0.08relation to previous closing price of 24.83. Nevertheless, the company has seen a -3.05% plunge in its stock price over the last five trading sessions. zacks.com reported 2024-09-10 that Here are five GARP stocks, QFIN, KT, ATAT, ZIM and HRB, which qualify our discounted PEG-based screening criteria.

Is It Worth Investing in Qifu Technology Inc. ADR (NASDAQ: QFIN) Right Now?

Qifu Technology Inc. ADR (NASDAQ: QFIN) has a price-to-earnings ratio that is above its average at 5.97x. The stock has a 36-month beta value of 0.68. Opinions on the stock are mixed, with 7 analysts rating it as a “buy,” 6 as “overweight,” 0 as “hold,” and 0 as “sell.”

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The public float for QFIN is 142.38M, and at present, short sellers hold a 2.86% of that float. On September 11, 2024, the average trading volume of QFIN was 1.38M shares.

QFIN’s Market Performance

QFIN’s stock has seen a -3.05% decrease for the week, with a 21.92% rise in the past month and a 22.04% gain in the past quarter. The volatility ratio for the week is 3.14%, and the volatility levels for the past 30 days are at 3.18% for Qifu Technology Inc. ADR The simple moving average for the last 20 days is 0.82% for QFIN stock, with a simple moving average of 35.45% 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 14.60% 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 -6.38% of loss for the given period.

Volatility was left at 3.18%, however, over the last 30 days, the volatility rate increased by 3.14%, as shares surge +19.91% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +25.75% upper at present.

During the last 5 trading sessions, QFIN fell by -3.05%, which changed the moving average for the period of 200-days by +50.09% in comparison to the 20-day moving average, which settled at $24.81. In addition, Qifu Technology Inc. ADR saw 56.83% in overturn over a single year, with a tendency to cut further gains.

Insider Trading

Reports are indicating that there were more than several insider trading activities at QFIN starting from Andrew Y Yan, who proposed sale 800,000 shares at the price of $26.49 back on Sep 05 ’24. After this action, Andrew Y Yan now owns shares of Qifu Technology Inc. ADR, valued at $21,192,000 using the latest closing price.

Zhiqiang He, the Officer of Qifu Technology Inc. ADR, proposed sale 196,853 shares at $25.90 during a trade that took place back on Sep 06 ’24, which means that Zhiqiang He is holding shares at $5,098,493 based on the most recent closing price.

Stock Fundamentals for QFIN

Current profitability levels for the company are sitting at:

  • 0.51 for the present operating margin
  • 0.66 for the gross margin

The net margin for Qifu Technology Inc. ADR stands at 0.34. The total capital return value is set at 0.16. Equity return is now at value 22.24, with 10.67 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 7.1.

Currently, EBITDA for the company is 7.98 billion with net debt to EBITDA at -0.74. When we switch over and look at the enterprise to sales, we see a ratio of 1.6. The receivables turnover for the company is 2.46for trailing twelve months and the total asset turnover is 0.3.

Conclusion

To sum up, Qifu Technology Inc. ADR (QFIN) has seen a better performance recently. Analysts have differing views on the stock, with some seeing 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.

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