The stock of LexinFintech Holdings Ltd ADR (NASDAQ: LX) has increased by 11.43 when compared to last closing price of 3.15. Despite this, the company has experienced a 16.23% gain in its stock price over the last five trading sessions. gurufocus.com reported 2024-10-09 that LexinFintech (LX, Financial) shares surged over 7.7% to $3.37 as of the latest report. The company revealed plans to potentially increase its dividend payout ratio next year from the current 20% of net profit to 25%.
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 5.38x compared to its average ratio. LX has 36-month beta value of 0.59. Analysts have mixed views on the stock, with 4 analysts rating it as a “buy,” 1 as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for LX is 138.69M, and currently, short sellers hold a 0.22% ratio of that float. The average trading volume of LX on October 22, 2024 was 2.75M shares.
LX’s Market Performance
The stock of LexinFintech Holdings Ltd ADR (LX) has seen a 16.23% increase in the past week, with a 110.18% rise in the past month, and a 102.89% gain in the past quarter. The volatility ratio for the week is 11.75%, and the volatility levels for the past 30 days are at 14.40% for LX. The simple moving average for the past 20 days is 14.69% for LX’s stock, with a 84.22% 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 55.60% 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 -25.32% of loss for the given period.
Volatility was left at 14.40%, however, over the last 30 days, the volatility rate increased by 11.75%, as shares surge +100.83% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +119.31% upper at present.
During the last 5 trading sessions, LX rose by +18.37%, which changed the moving average for the period of 200-days by +94.28% in comparison to the 20-day moving average, which settled at $3.06. In addition, LexinFintech Holdings Ltd ADR saw 90.76% 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 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 0.52. The receivables turnover for the company is 1.33for trailing twelve months and the total asset turnover is 0.6.
Conclusion
To put it simply, LexinFintech Holdings Ltd ADR (LX) has had a better performance in recent times. Analysts have a bullish opinion on the stock, with some rating 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.
