Qifu Technology Inc. (NASDAQ: QFIN) is -30.06% lower on its value in year-to-date trading and has touched a low of $9.47 and a high of $25.49 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The QFIN stock was last observed hovering at around $14.71 in the last trading session, with the day’s loss setting it -0.47% off its average median price target of $193.65 for the next 12 months. It is also 93.91% off the consensus price target high of $233.66 offered by 13 analysts, but current levels are 91.1% higher than the price target low of $159.99 for the same period.
Currently trading at $14.24, the stock is -16.09% and -19.83% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.34 million and changing -3.20% at the moment leaves the stock -16.98% off its SMA200. QFIN registered 2.67% gain for a year compared to 6-month gain of 6.35%.
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The stock witnessed a -12.32% loss in the last 1 month and extending the period to 3 months gives it a -32.22%, and is -17.78% 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 6.36% over the week and 4.96% over the month.
Qifu Technology Inc. (QFIN) has around 2199 employees, a market worth around $2.46B and $2.25B in sales. Current P/E ratio is 4.30 and Fwd P/E is 2.72. Profit margin for the company is 23.90%. Distance from 52-week low is 50.37% and -44.13% from its 52-week high. The company has generated returns on investments over the last 12 months (19.70%).
Qifu Technology Inc. (QFIN) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Qifu Technology Inc. (QFIN) is a “Buy”. 13 analysts offering their recommendations for the stock have an average rating of 1.40, where 0 rate it as a Hold and 1 think it is a “Overweight”. 12 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
Qifu Technology Inc. is expected to release its quarterly report on 08/23/2023.The EPS is expected to shrink by -30.50% this year
Qifu Technology Inc. (QFIN) Top Institutional Holders
The shares outstanding are 161.43M, and float is at 159.85M with Short Float at 1.92%.
Qifu Technology Inc. (QFIN): Who are the competitors?
The company’s main competitors (and peers) include Lufax Holding Ltd (LU) that is trading -76.89% down over the past 12 months and Affirm Holdings Inc. (AFRM) that is -41.68% lower over the same period.