LexinFintech Holdings Ltd ADR (NASDAQ:LX) does about 1.08M shares in volume on a normal day but saw 730739 shares change hands in Tuesday trading. The company now has a market cap of 234.50M USD. Its current market price is $1.69, marking an increase of 2.42% compared to the previous close of $1.65. The 52 week high reached by this stock is $3.01 whilst the lowest price level in 52 weeks is $1.56.
LexinFintech Holdings Ltd ADR (LX) has a 20-day trading average at $1.7475 and the current price is -43.76% off the 52-week high compared with 8.33% distance from its 52-week low. The 50-day simple moving average of the closing price is $1.8060 and its 200-day simple moving average is $2.0299. If we look at the stock’s price movements over the week, volatility stands at 3.26%, which increases to 3.60% 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 44.22 to suggest the stock is neutral.
The consensus objective for the share price is $2.38, suggesting that the stock has a potential upside of 28.99% over the period.
CLSA upgraded the stock to “Buy” from Outperform on March 16, 2023 at a price target of $3.45. Citigroup upgraded its price target at $2.31-$3.60.
LexinFintech Holdings Ltd ADR (LX) stock is up 2.42% over the week and -10.11% over the past month. Its price is -8.15% year-to-date and -28.39% over the past year.
To reach the target analysts have set, the stock logically needs to grow 28.99 percent from here.
The company has a return on investment of 10.04% and return on equity of 11.58%. The price to earnings ratio (P/E ratio) amounts to 2.01 while the forward price to earnings ratio is 1.35. The beta has a value of 0.58. Price to book ratio is 0.18 and price to sales ratio is 0.13.
