The price-to-earnings ratio for LexinFintech Holdings Ltd ADR (NASDAQ: LX) is above average at 2.54x. The 36-month beta value for LX is also noteworthy at 0.56. There are mixed opinions on the stock, with 4 analysts rating it as a “buy,” 1 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
The public float for LX is 138.70M, and at present, short sellers hold a 0.23% of that float. The average trading volume of LX on September 19, 2024 was 485.70K shares.
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LX) stock’s latest price update
LexinFintech Holdings Ltd ADR (NASDAQ: LX) has seen a rise in its stock price by 0.30 in relation to its previous close of 1.65. However, the company has experienced a -4.89% decline in its stock price over the last five trading sessions. seekingalpha.com reported 2024-09-18 that LexinFintech Holdings Ltd. shows strong user base and cumulative borrower growth, driven by AI, proprietary software, and financial institution partnerships. LX’s focus on young Chinese consumers and strategic equity investments in fintech and insurance sectors are expected to drive future FCF growth. Financial improvements include reduced debt, increased equity, and substantial cash reserves, indicating robust operational performance and potential stock price appreciation.
LX’s Market Performance
LexinFintech Holdings Ltd ADR (LX) has seen a -4.89% fall in stock performance for the week, with a -5.43% decline in the past month and a -2.07% plunge in the past quarter. The volatility ratio for the week is 3.10%, and the volatility levels for the past 30 days are at 2.89% for LX. The simple moving average for the past 20 days is -3.92% for LX’s stock, with a -7.07% simple moving average for the past 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 -3.89% 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 -29.42% of loss for the given period.
Volatility was left at 2.89%, however, over the last 30 days, the volatility rate increased by 3.10%, as shares sank -5.71% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -2.65% lower at present.
During the last 5 trading sessions, LX fell by -5.17%, which changed the moving average for the period of 200-days by -11.29% in comparison to the 20-day moving average, which settled at $1.7175. In addition, LexinFintech Holdings Ltd ADR saw -10.05% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at LX starting from Long Annabelle Yu, who proposed sale 22,394 shares at the price of $1.74 back on Sep 13 ’24. After this action, Long Annabelle Yu now owns shares of LexinFintech Holdings Ltd ADR, valued at $38,966 using the latest closing price.
Stock Fundamentals for LX
Current profitability levels for the company are sitting at:
- 0.21 for the present operating margin
- 0.37 for the gross margin
The net margin for LexinFintech Holdings Ltd ADR stands at 0.06. The total capital return value is set at 0.23. Equity return is now at value 8.37, with 3.47 for asset returns.
The debt to equity ratio resting at 0.52. The interest coverage ratio of the stock is 101.4.
Currently, EBITDA for the company is 2.09 billion with net debt to EBITDA at 1.06. When we switch over and look at the enterprise to sales, we see a ratio of 0.37. The receivables turnover for the company is 1.33for trailing twelve months and the total asset turnover is 0.6.
Conclusion
In summary, LexinFintech Holdings Ltd ADR (LX) has had a bad performance as of late. Analysts have bullish opinions on the stock, with some viewing it as a “buy” and others as 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.
