Qifu Technology Inc. ADR (NASDAQ: QFIN) is -3.49% lower on its value in year-to-date trading and has touched a low of $13.71 and a high of $40.31 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The QFIN stock was last observed hovering at around $36.58 in the last trading session, with the day’s gains setting it 0.46%.
Currently trading at $37.04, the stock is -1.62% and 3.09% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.23 million and changing 1.26% at the moment leaves the stock 40.81% off its SMA200. QFIN registered 156.69% gain for a year compared to 6-month gain of 89.75%. The firm has a 50-day simple moving average (SMA 50) of $35.8407 and a 200-day simple moving average (SMA200) of $26.213375.
The stock witnessed a -4.66% loss in the last 1 month and extending the period to 3 months gives it a 18.34%, and is -1.25% 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 2.74% over the week and 3.37% over the month.
Qifu Technology Inc. ADR (QFIN) has around 3121 employees, a market worth around $5.83B and $2.38B in sales. Current P/E ratio is 7.56 and Fwd P/E is 5.90. Profit margin for the company is 31.79%. Distance from 52-week low is 170.17% and -8.11% from its 52-week high. The company has generated returns on investments over the last 12 months (23.05%).
The EPS is expected to grow by 58.36% this year, but quarterly earnings will post 4.24% year-over-year.
The shares outstanding are 157.36M, and float is at 144.49M with Short Float at 1.97%.
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
Still, SEC filings show that on Sep 05 ’24, Andrew Y Yan (Director) Proposed Sale 800,000 shares at an average price of $26.49 for $21.19 million. The insider now directly holds shares of Qifu Technology Inc. ADR (QFIN).
