Qifu Technology Inc. ADR (NASDAQ: QFIN) is 24.91% higher on its value in year-to-date trading and has touched a low of $13.12 and a high of $20.40 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 $19.62 in the last trading session, with the day’s gains setting it 0.14%.
Currently trading at $19.76, the stock is 11.20% and 23.25% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.27 million and changing 0.71% at the moment leaves the stock 22.81% off its SMA200. QFIN registered 1.86% gain for a year compared to 6-month loss of 26.99%.
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The stock witnessed a 28.81% gain in the last 1 month and extending the period to 3 months gives it a 30.77%, and is 6.75% up 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 3.02% over the week and 4.49% over the month.
Current P/E ratio is 5.37 and Fwd P/E is 4.09. Profit margin for the company is 26.31%. Distance from 52-week low is 50.61% and -3.14% from its 52-week high. The company has generated returns on investments over the last 12 months (20.87%).
Qifu Technology Inc. ADR quarterly earnings per share for the current quarter are estimated at $1.07.The EPS is expected to grow by 16.76% this year, but quarterly earnings will post 2.80% year-over-year.
291 institutions hold shares in Qifu Technology Inc. ADR (QFIN), with institutional investors hold 69.19% of the company’s shares. The shares outstanding are 162.80M, and float is at 146.66M with Short Float at 3.09%. Institutions hold 68.61% 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.
