Qifu Technology Inc. ADR (NASDAQ: QFIN) is 108.79% higher on its value in year-to-date trading and has touched a low of $13.68 and a high of $33.72 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 $32.47 in the last trading session, with the day’s gains setting it 0.56%.
Currently trading at $33.03, the stock is 12.96% and 27.56% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.2 million and changing 1.72% at the moment leaves the stock 65.68% off its SMA200. QFIN registered 96.72% gain for a year compared to 6-month gain of 78.16%. The firm has a 50-day simple moving average (SMA 50) of $25.8932 and a 200-day simple moving average (SMA200) of $19.935825.
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The stock witnessed a 32.60% loss in the last 1 month and extending the period to 3 months gives it a 67.07%, and is -0.39% 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 4.86% over the week and 4.15% over the month.
Qifu Technology Inc. ADR (QFIN) has around 3121 employees, a market worth around $5.20B and $2.36B in sales. Current P/E ratio is 7.95 and Fwd P/E is 5.87. Profit margin for the company is 28.08%. Distance from 52-week low is 141.45% and -2.05% from its 52-week high. The company has generated returns on investments over the last 12 months (21.22%).
with sales reaching $588.49M over the same period.The EPS is expected to grow by 38.86% this year, but quarterly earnings will post 2.80% year-over-year. Quarterly sales are estimated to shrink -1.10% in year-over-year returns.
Qifu Technology Inc. ADR (QFIN) Top Institutional Holders
The shares outstanding are 157.61M, and float is at 142.38M with Short Float at 1.40%.
The top institutional shareholder in the company is MORGAN STANLEY with over 8.9 million shares valued at $175.64 million. The investor’s holdings represent 5.7061% of the QFIN Shares outstanding. As of 2024-06-30, the second largest holder is ASPEX MANAGEMENT (HK) LTD with 7.91 million shares valued at $155.97 million to account for 5.0672 of the shares outstanding. The other top investors are FOUNTAINVEST CHINA CAPITAL PARTNERS GP3 LTD. which holds 7.51 million shares representing 4.8114% and valued at over $148.1 million, while OLP CAPITAL MANAGEMENT LTD holds 4.5869 of the shares totaling 7.16 million with a market value of $141.19 million.
Qifu Technology Inc. ADR (QFIN) Insider Activity
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Still, SEC filings show that on Aug 23 ’24, Yan Zheng (Officer) Proposed Sale 250,000 shares at an average price of $24.84 for $6.21 million. The insider now directly holds shares of Qifu Technology Inc. ADR (QFIN).
