CNFinance Holdings Ltd ADR (NYSE: CNF) is 11.26% higher on its value in year-to-date trading and has touched a low of $0.86 and a high of $4.10 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 CNF stock was last observed hovering at around $1.95 in the last trading session, with the day’s gains setting it 0.52%.
Currently trading at $2.47, the stock is 136.97% and 135.26% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.13 million and changing 26.92% at the moment leaves the stock 45.35% off its SMA200. CNF registered -36.99% loss for a year compared to 6-month loss of 21.51%. The firm has a 50-day simple moving average (SMA 50) of $1.0772 and a 200-day simple moving average (SMA200) of $1.70085.
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The stock witnessed a 147.02% gain in the last 1 month and extending the period to 3 months gives it a 53.42%, and is 154.64% 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 28.95% over the week and 12.47% over the month.
CNFinance Holdings Ltd ADR (CNF) has around 897 employees, a market worth around $169.39M and $245.68M in sales. Current P/E ratio is 7.38 and Fwd P/E is 97.32. Profit margin for the company is 9.49%. Distance from 52-week low is 187.21% and -39.76% from its 52-week high. The company has generated returns on investments over the last 12 months (2.57%).
The EPS is expected to shrink by -9.78% this year
The shares outstanding are 68.58M, and float is at 68.57M with Short Float at 0.02%.
The top institutional shareholder in the company is PALOMA PARTNERS MANAGEMENT CO with over 3.05 million shares valued at $4.95 million. The investor’s holdings represent 4.4521 of the CNF Shares outstanding. As of 2024-06-30, the second largest holder is GAGNON SECURITIES LLC with 1.52 million shares valued at $2.46 million to account for 2.2168 of the shares outstanding. The other top investors are GAGNON ADVISORS, LLC which holds 0.78 million shares representing 1.1442 and valued at over $1.27 million, while DIMENSIONAL FUND ADVISORS LP holds 0.2717 of the shares totaling 0.19 million with a market value of $0.3 million.
