LexinFintech Holdings Ltd. (LX) Analysis & Opinions from Experts

LexinFintech Holdings Ltd. (NASDAQ: LX) is 88.36% higher on its value in year-to-date trading and has touched a low of $6.04 and a high of $15.42 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The LX stock was last observed hovering at around $15.27 in the last trading session, with the day’s loss setting it -2.65% off its average median price target of $69.49 for the next 12 months. It is also 90.23% off the consensus price target high of $129.15 offered by 12 analysts, but current levels are 79.38% higher than the price target low of $61.20 for the same period.

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Currently trading at $12.62, the stock is 23.72% and 56.90% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 5.29 million and changing -17.35% at the moment leaves the stock 51.52% off its SMA200. LX registered -0.71% loss for a year compared to 6-month loss of 45.06%. The firm has a 50-day simple moving average (SMA 50) of $8.81 and a 200-day simple moving average (SMA200) of $7.67.

The stock witnessed a 90.92% gain in the last 1 month and extending the period to 3 months gives it a 64.32%, and is -3.37% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 13.32% over the week and 10.99% over the month.

LexinFintech Holdings Ltd. (LX) has around 3227 employees, a market worth around $2.03B and $1.81B in sales. Current P/E ratio is 32.44 and Fwd P/E is 6.66. Profit margin for the company is 5.10%. Distance from 52-week low is 108.94% and -18.16% from its 52-week high. The company has generated returns on investments over the last 12 months (14.90%).

LexinFintech Holdings Ltd. (LX) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for LexinFintech Holdings Ltd. (LX) is a “Buy”. 12 analysts offering their recommendations for the stock have an average rating of 1.70, where 1 rate it as a Hold and 1 think it is a “Overweight”. 10 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.

LexinFintech Holdings Ltd. is expected to release its quarterly report on 05/24/2021 and quarterly earnings per share for the current quarter are estimated at $0.43 with sales reaching $646.75M over the same period.The EPS is expected to grow by 12.00% this year, but quarterly earnings will post 15.80% year-over-year.

LexinFintech Holdings Ltd. (LX) Top Institutional Holders

124 institutions hold shares in LexinFintech Holdings Ltd. (LX), with 8.65M shares held by insiders accounting for 4.74% while institutional investors hold 32.23% of the company’s shares. The shares outstanding are 182.50M, and float is at 93.27M with Short Float at 6.19%. Institutions hold 30.70% of the Float.

The top institutional shareholder in the company is Vanguard Group, Inc. (The) with over 3.4 million shares valued at $23.28 million. The investor’s holdings represent 3.08% of the LX Shares outstanding. As of Sep 29, 2020, the second largest holder is BAMCO Inc. with 2.85 million shares valued at $19.54 million to account for 2.59% of the shares outstanding. The other top investors are Goldman Sachs Group, Inc. which holds 2.67 million shares representing 2.42% and valued at over $18.29 million, while Credit Suisse Ag/ holds 2.32% of the shares totaling 2.56 million with a market value of $17.55 million.

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LexinFintech Holdings Ltd. (LX): Who are the competitors?

The company’s main competitors (and peers) include Omnicell Inc. (OMCL) that is 45.77% higher over the past 12 months. PDF Solutions Inc. (PDFS) is 13.82% up on the 1-year trading charts. Short interest in the company’s stock has fallen -36.4% from the last report on Dec 30, 2020 to stand at a total of 7.87 million short shares sold with a short interest ratio of 1.93.

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