Qifu Technology Inc. ADR (NASDAQ: QFIN) is -7.95% lower on its value in year-to-date trading and has touched a low of $17.83 and a high of $48.94 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 $36.54 in the last trading session, with the day’s loss setting it -1.21%.
Currently trading at $35.33, the stock is -13.98% and -15.67% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.39 million and changing -3.31% at the moment leaves the stock 6.41% off its SMA200. QFIN registered 97.60% gain for a year compared to 6-month gain of 12.88%. The firm has a 50-day simple moving average (SMA 50) of $41.8972 and a 200-day simple moving average (SMA200) of $33.202976.
The stock witnessed a -25.87% loss in the last 1 month and extending the period to 3 months gives it a -4.62%, and is -3.81% 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 6.08% over the week and 6.48% over the month.
Qifu Technology Inc. ADR (QFIN) has around 3527 employees, a market worth around $4.57B and $2.39B in sales. Current P/E ratio is 6.10 and Fwd P/E is 4.45. Profit margin for the company is 36.50%. Distance from 52-week low is 98.15% and -27.81% from its 52-week high. The company has generated returns on investments over the last 12 months (26.00%).
with sales reaching $4.61B over the same period.The EPS is expected to grow by 22.96% this year, but quarterly earnings will post 5.31% year-over-year.
Qifu Technology Inc. ADR (QFIN) Top Institutional Holders
452.0 institutions hold shares in Qifu Technology Inc. ADR (QFIN), with institutional investors hold 79.43% of the company’s shares. The shares outstanding are 141.99M, and float is at 118.17M with Short Float at 6.98%. Institutions hold 78.01% of the Float.
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 5.7521% 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 5.108 of the shares outstanding. The other top investors are FOUNTAINVEST CHINA CAPITAL PARTNERS GP3 LTD. which holds 7.51 million shares representing 4.8501% and valued at over $148.1 million, while OLP CAPITAL MANAGEMENT LTD holds 4.6239 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 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).
