New Big Money Means Qifu Technology Inc. ADR (QFIN) Investors Could Reap Benefit

Qifu Technology Inc. ADR (NASDAQ: QFIN) is -10.75% lower on its value in year-to-date trading and has touched a low of $13.12 and a high of $22.79 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 $14.52 in the last trading session, with the day’s loss setting it -0.4%.

Currently trading at $14.12, the stock is -2.64% and -4.62% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.65 million and changing -2.75% at the moment leaves the stock -11.79% off its SMA200. QFIN registered -36.91% loss for a year compared to 6-month loss of -21.60%.

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The stock witnessed a -5.87% gain in the last 1 month and extending the period to 3 months gives it a -10.06%, and is -1.67% 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 2.81% over the week and 3.46% over the month.

Qifu Technology Inc. ADR (QFIN) has around 2199 employees, a market worth around $2.30B and $2.22B in sales. Current P/E ratio is 4.05 and Fwd P/E is 3.28. Profit margin for the company is 25.77%. Distance from 52-week low is 7.62% and -38.04% from its 52-week high. The company has generated returns on investments over the last 12 months (19.79%).

Qifu Technology Inc. ADR quarterly earnings per share for the current quarter are estimated at $0.99 with sales reaching $598.16M over the same period.The EPS is expected to grow by 7.04% this year, but quarterly earnings will post -5.60% year-over-year. Quarterly sales are estimated to grow 5.80% in year-over-year returns.

275 institutions hold shares in Qifu Technology Inc. ADR (QFIN), with institutional investors hold 69.35% of the company’s shares. The shares outstanding are 161.40M, and float is at 144.19M with Short Float at 3.03%. Institutions hold 68.76% of the Float.

The top institutional shareholder in the company is OLP Capital Management Ltd with over 12.82 million shares valued at $221.54 million. The investor’s holdings represent 7.88% of the QFIN Shares outstanding. As of Jun 29, 2023, the second largest holder is Fountainvest China Capital Partners Gp3 Ltd. with 9.98 million shares valued at $172.39 million to account for 6.13% of the shares outstanding. The other top investors are Morgan Stanley which holds 9.61 million shares representing 5.90% and valued at over $166.08 million, while Aspex Management (HK) Ltd holds 5.30% of the shares totaling 8.63 million with a market value of $149.14 million.

Qifu Technology Inc. ADR (QFIN): Who are the competitors?

One of the company’s main competitors (and peers) include Lufax Holding Ltd. ADR (LU) that is trading -78.85% down over the past 12 months.Affirm Holdings Inc. Cl A (AFRM) lies in the list of competitors of the Qifu Technology Inc. ADR and is 293.13% higher over the same period from QFIN