Qifu Technology Inc. ADR (NASDAQ: QFIN) is 54.74% higher on its value in year-to-date trading and has touched a low of $13.68 and a high of $24.72 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 $24.50 in the last trading session, with the day’s loss setting it -0.02%.
Currently trading at $24.48, the stock is 20.13% and 22.03% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.35 million and changing -0.08% at the moment leaves the stock 39.09% off its SMA200. QFIN registered 50.65% gain for a year compared to 6-month gain of 60.95%.
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The stock witnessed a 27.23% loss in the last 1 month and extending the period to 3 months gives it a 14.93%, and is 18.32% 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 3.85% over the week and 3.06% over the month.
Qifu Technology Inc. ADR (QFIN) has around 3121 employees, a market worth around $3.85B and $2.36B in sales. Current P/E ratio is 5.89 and Fwd P/E is 4.47. Profit margin for the company is 28.08%. Distance from 52-week low is 78.95% and -0.97% from its 52-week high. The company has generated returns on investments over the last 12 months (21.22%).
The EPS is expected to grow by 37.37% this year.
Qifu Technology Inc. ADR (QFIN) Top Institutional Holders
The shares outstanding are 157.61M, and float is at 142.07M with Short Float at 2.58%.
The top institutional shareholder in the company is OLP CAPITAL MANAGEMENT LTD with over 10.32 million shares valued at $$190.23 million. The investor’s holdings represent 6.4352 of the QFIN Shares outstanding. As of 2024-03-31, the second largest holder is MORGAN STANLEY with 8.98 million shares valued at $$165.52 million to account for 5.5993 of the shares outstanding. The other top investors are ASPEX MANAGEMENT (HK) LTD which holds 8.63 million shares representing 5.381 and valued at over $$159.06 million, while FOUNTAINVEST CHINA CAPITAL PARTNERS GP3 LTD. holds 4.68 of the shares totaling 7.51 million with a market value of $$138.34 million.
