Qifu Technology Inc. ADR (NASDAQ: QFIN)’s stock price has gone rise by 3.31 in comparison to its previous close of 25.95, however, the company has experienced a 6.60% increase in its stock price over the last five trading days. zacks.com reported 2024-09-20 that CLCO, QFIN and MCRI made it to the Zacks Rank #1 (Strong Buy) income stocks list on September 20, 2024.
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 6.45x. The 36-month beta value for QFIN is also noteworthy at 0.66. There are mixed opinions on the stock, with 7 analysts rating it as a “buy,” 6 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
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The public float for QFIN is 142.38M, and at present, short sellers hold a 2.17% of that float. The average trading volume of QFIN on September 24, 2024 was 1.36M shares.
QFIN’s Market Performance
QFIN stock saw an increase of 6.60% in the past week, with a monthly gain of 7.15% and a quarterly increase of 35.40%. The volatility ratio for the week is 2.65%, and the volatility levels for the last 30 days are 2.72% for Qifu Technology Inc. ADR (QFIN). The simple moving average for the past 20 days is 5.78% for QFIN’s stock, with a 42.59% simple moving average for the past 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 17.97% 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 able to rebound, for now settling with 1.17% of gains for the given period.
Volatility was left at 2.72%, however, over the last 30 days, the volatility rate increased by 2.65%, as shares surge +3.93% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +35.69% upper at present.
During the last 5 trading sessions, QFIN rose by +6.66%, which changed the moving average for the period of 200-days by +82.11% in comparison to the 20-day moving average, which settled at $25.40. In addition, Qifu Technology Inc. ADR saw 69.47% 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 1.74. The receivables turnover for the company is 2.46for trailing twelve months and the total asset turnover is 0.3.
Conclusion
In summary, Qifu Technology Inc. ADR (QFIN) has had a better performance as of late. Analysts have bullish 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.
