Lufax Holding Ltd ADR (LU) Is Up 89.26% in 2024 With Lots of Room to Run

Lufax Holding Ltd ADR (NYSE: LU) is 89.26% higher on its value in year-to-date trading and has touched a low of $0.94 and a high of $4.15 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 LU stock was last observed hovering at around $2.72 in the last trading session, with the day’s loss setting it -0.12%.

Currently trading at $2.60, the stock is 4.17% and -4.82% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.6 million and changing -4.41% at the moment leaves the stock 8.72% off its SMA200. LU registered 52.47% gain for a year compared to 6-month loss of 9.70%. The firm has a 50-day simple moving average (SMA 50) of $2.7602 and a 200-day simple moving average (SMA200) of $3.1217.

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The stock witnessed a 11.59% gain in the last 1 month and extending the period to 3 months gives it a 16.59%, and is -10.96% 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 6.73% over the week and 6.11% over the month.

Lufax Holding Ltd ADR (LU) has around 36215 employees, a market worth around $2.18B and $3.50B in sales. Fwd P/E is 11.35. Profit margin for the company is -13.43%. Distance from 52-week low is 175.37% and -37.35% from its 52-week high. The company has generated returns on investments over the last 12 months (-2.49%).

The EPS is expected to shrink by -386.30% this year, but quarterly earnings will post -28.05% year-over-year.

Lufax Holding Ltd ADR (LU) Top Institutional Holders

The shares outstanding are 838.06M, and float is at 837.77M with Short Float at 0.67%.

The top institutional shareholder in the company is CAPE ANN ASSET MANAGEMENT LTD with over 1.07 million shares valued at $2.53 million. The investor’s holdings represent 0.1863% of the LU Shares outstanding. As of 2024-06-30, the second largest holder is PINNACLE WEALTH PLANNING SERVICES, INC. with 45991.0 shares valued at $0.11 million to account for 0.008 of the shares outstanding. The other top investors are DGS CAPITAL MANAGEMENT, LLC which holds 16764.0 shares representing 0.0029% and valued at over $39731.0, while MCDONOUGH CAPITAL MANAGEMENT, INC holds 0.0026 of the shares totaling 14846.0 with a market value of $35185.0.