Qifu Technology Inc. ADR (NASDAQ:QFIN) does about 1.15M shares in volume on a normal day but saw 1027130 shares change hands in Friday trading. The company now has a market cap of 3.14B USD. Its current market price is $19.28, marking an increase of 1.37% compared to the previous close of $19.02. The 52 week high reached by this stock is $20.40 whilst the lowest price level in 52 weeks is $13.12.
Qifu Technology Inc. ADR (QFIN) has a 20-day trading average at $18.38 and the current price is -5.49% off the 52-week high compared with 46.95% distance from its 52-week low. The 50-day simple moving average of the closing price is $16.32 and its 200-day simple moving average is $16.14. If we look at the stock’s price movements over the week, volatility stands at 3.78%, which increases to 4.60% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 62.35 to suggest the stock is neutral.
The consensus objective for the share price is $23.03, suggesting that the stock has a potential upside of 16.28% over the period.
China Renaissance resumed its price target at $20.80.
Qifu Technology Inc. ADR (QFIN) stock is up 4.61% over the week and 24.47% over the past month. Its price is 21.87% year-to-date and -0.57% over the past year.
The stock last released its quarterly earnings report for quarter ended 12/30/2023, with the company’s earnings per share (EPS) of $0.99 above consensus estimates by $0.02. QFIN’s earnings per share are forecast to grow by 15.20% this year and 14.50% over next year.
To reach the target analysts have set, the stock logically needs to grow 16.28 percent from here.
Outstanding shares total 162.80M with insiders holding 0.84% of the shares and institutional holders owning 68.61% of the company’s common stock. The company has a return on investment of 20.87% and return on equity of 20.75%. The price to earnings ratio (P/E ratio) amounts to 5.24 while the forward price to earnings ratio is 3.99. The beta has a value of 0.61. Price to book ratio is 1.09 and price to sales ratio is 1.37.
