LexinFintech Holdings Ltd ADR (LX) Is Up 60.33% in 2024 With Lots of Room to Run

LexinFintech Holdings Ltd ADR (NASDAQ: LX) is 60.33% higher on its value in year-to-date trading and has touched a low of $1.56 and a high of $4.70 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 LX stock was last observed hovering at around $2.85 in the last trading session, with the day’s gains setting it 0.1%.

Currently trading at $2.95, the stock is 1.72% and 34.83% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.24 million and changing 3.51% at the moment leaves the stock 56.05% off its SMA200. LX registered 49.75% gain for a year compared to 6-month gain of 82.10%. The firm has a 50-day simple moving average (SMA 50) of $2.188 and a 200-day simple moving average (SMA200) of $1.890425.

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The stock witnessed a 77.71% loss in the last 1 month and extending the period to 3 months gives it a 66.67%, and is -11.94% 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 12.57% over the week and 14.15% over the month.

LexinFintech Holdings Ltd ADR (LX) has around 4268 employees, a market worth around $409.34M and $1.89B in sales. Current P/E ratio is 4.52 and Fwd P/E is 2.99. Profit margin for the company is 5.95%. Distance from 52-week low is 89.10% and -37.23% from its 52-week high. The company has generated returns on investments over the last 12 months (6.60%).

with sales reaching $1.94B over the same period.The EPS is expected to grow by 75.67% this year, but quarterly earnings will post 4.40% year-over-year.

LexinFintech Holdings Ltd ADR (LX) Top Institutional Holders

The shares outstanding are 138.76M, and float is at 138.69M with Short Float at 0.22%.

The top institutional shareholder in the company is FIL LTD with over 12.29 million shares valued at $20.28 million. The investor’s holdings represent 7.4413% of the LX Shares outstanding. As of 2024-06-30, the second largest holder is TWO SIGMA ADVISERS, LP with 1.64 million shares valued at $2.7 million to account for 0.9903 of the shares outstanding. The other top investors are DIMENSIONAL FUND ADVISORS LP which holds 1.55 million shares representing 0.9397% and valued at over $2.56 million, while ACADIAN ASSET MANAGEMENT LLC holds 0.8432 of the shares totaling 1.39 million with a market value of $2.29 million.