360 DigiTech Inc. (NASDAQ: QFIN) is 110.52% higher on its value in year-to-date trading and has touched a low of $7.16 and a high of $35.15 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 QFIN stock was last observed hovering at around $25.11 in the last trading session, with the day’s loss setting it -0.29% off its average median price target of $283.88 for the next 12 months. It is also 93.18% off the consensus price target high of $364.03 offered by 7 analysts, but current levels are 72.57% higher than the price target low of $90.48 for the same period.
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Currently trading at $24.82, the stock is -10.06% and -0.31% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.15 million and changing -1.15% at the moment leaves the stock 59.09% off its SMA200. QFIN registered 216.58% gain for a year compared to 6-month gain of 97.45%. The firm has a 50-day simple moving average (SMA 50) of $27.00 and a 200-day simple moving average (SMA200) of $16.71.
The stock witnessed a 18.25% loss in the last 1 month and extending the period to 3 months gives it a 94.51%, and is -4.58% 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 7.67% over the week and 11.26% over the month.
360 DigiTech Inc. (QFIN) has around 1891 employees, a market worth around $3.70B and $1.93B in sales. Current P/E ratio is 9.12 and Fwd P/E is 4.11. Profit margin for the company is 21.60%. Distance from 52-week low is 246.65% and -29.39% from its 52-week high. The company has generated returns on investments over the last 12 months (32.70%).
360 DigiTech Inc. (QFIN) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for 360 DigiTech Inc. (QFIN) is a “Buy”. 7 analysts offering their recommendations for the stock have an average rating of 1.50, where 0 rate it as a Hold and 0 think it is a “Overweight”. 7 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
360 DigiTech Inc. is expected to release its quarterly report on 08/25/2021 and quarterly earnings per share for the current quarter are estimated at $0.78.The EPS is expected to grow by 225.60% this year, but quarterly earnings will post 11.60% year-over-year.
360 DigiTech Inc. (QFIN) Top Institutional Holders
124 institutions hold shares in 360 DigiTech Inc. (QFIN), with 15.06M shares held by insiders accounting for 9.93% while institutional investors hold 50.72% of the company’s shares. The shares outstanding are 150.09M, and float is at 114.21M with Short Float at 1.13%. Institutions hold 45.69% of the Float.
The top institutional shareholder in the company is FountainVest China Capital Partners GP3 Ltd. with over 13.57 million shares valued at $160.0 million. The investor’s holdings represent 10.70% of the QFIN Shares outstanding. As of Dec 30, 2020, the second largest holder is TT International Asset Management LTD with 12.51 million shares valued at $147.55 million to account for 9.87% of the shares outstanding. The other top investors are Aspex Management (HK) Ltd which holds 7.98 million shares representing 6.29% and valued at over $94.03 million, while Vanguard Group, Inc. (The) holds 2.78% of the shares totaling 3.53 million with a market value of $41.57 million.