Qifu Technology Inc. ADR (NASDAQ: QFIN) has a higher price-to-earnings ratio of 7.07x compared to its average ratio. QFIN has 36-month beta value of 0.64. Analysts have mixed views on the stock, with 9 analysts rating it as a “buy,” 6 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for QFIN is 144.49M, and currently, short sellers hold a 1.11% ratio of that float. The average trading volume of QFIN on November 20, 2024 was 1.66M shares.
QFIN) stock’s latest price update
Qifu Technology Inc. ADR (NASDAQ: QFIN) has experienced a rise in its stock price by 7.01 compared to its previous closing price of 32.37. However, the company has seen a gain of 14.08% in its stock price over the last five trading days. seekingalpha.com reported 2024-11-20 that Qifu Technology, Inc. (NASDAQ:QFIN ) Q3 2024 Results Conference Call November 19, 2024 7:30 PM ET Company Participants Karen Ji – Senior Director, Capital Markets Haisheng Wu – CEO Alex Xu – CFO Conference Call Participants Richard Xu – Morgan Stanley Alex Ye – UBS Emma Xu – Bank of America Cindy Wang – China Renaissance Yada Li – CICC Operator Ladies and gentlemen, thank you for standing by. Welcome to Qifu Technology Third Quarter 2024 Earnings Conference Call.
QFIN’s Market Performance
QFIN’s stock has risen by 14.08% in the past week, with a monthly rise of 0.95% and a quarterly rise of 37.44%. The volatility ratio for the week is 3.94% while the volatility levels for the last 30 days are 3.48% for Qifu Technology Inc. ADR The simple moving average for the past 20 days is 6.14% for QFIN’s stock, with a 54.27% 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 11.65% 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 -1.69% of loss for the given period.
Volatility was left at 3.48%, however, over the last 30 days, the volatility rate increased by 3.94%, as shares surge +2.48% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +37.44% upper at present.
During the last 5 trading sessions, QFIN rose by +14.26%, which changed the moving average for the period of 200-days by +132.20% in comparison to the 20-day moving average, which settled at $32.63. In addition, Qifu Technology Inc. ADR saw 118.93% 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:
- 0.48 for the present operating margin
- 0.56 for the gross margin
The net margin for Qifu Technology Inc. ADR stands at 0.32. The total capital return value is set at 0.44. Equity return is now at value 24.70, with 11.66 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 -0.67. When we switch over and look at the enterprise to sales, we see a ratio of 2.33. The receivables turnover for the company is 2.6for trailing twelve months and the total asset turnover is 0.32.
Conclusion
To put it simply, Qifu Technology Inc. ADR (QFIN) 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.
