It’s Not A Fantasy To Think That LexinFintech Holdings Ltd ADR (LX) Has Big Future Potential

LexinFintech Holdings Ltd ADR (NASDAQ:LX) currently has a daily average trading volume of 517.70K but it saw 755780 shares traded in last market. With a market cap of 226.58M USD, the company’s current market price of $1.76 remained unchanged while comparing to the previous closing price of $1.76. In past 52 weeks, the stock remained buoying in the range of price level as high as $3.01 and as low as $1.56.

Taking a look at 20-day trading activity of LexinFintech Holdings Ltd ADR (LX) gives us an average price of $1.7290, while its current price level is -41.43% below from 52-week high level whereas it is 12.82% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $1.7441 while that of 200 days or SMA-200 reads an average of $1.8213. A closer look into the stock’s movement over the week reveals that its volatility is standing at 2.42% during that period while stretching the period over a month that increases to 3.22%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 53.96 which implies that the stock is in neutral territory.

CLSA upgraded its recommendation for the stock as a “Buy” from “Outperform” on March 16, 2023 while assigning a price target of $3.45. Citigroup issued its recommendations for the stock as it upgraded the price target for the stock in the range of between $2.31 and $3.60.

Over the week, LX’s stock price is moving 1.73% up while it is 6.02% when we observe its performance for the past one month. Year-to-date it is -4.35% down and over the past year, the stock is showing a downside performance of -41.33%.

Currently, LexinFintech Holdings Ltd ADR’s total number of outstanding shares is 128.74M. Company’s return on investment (ROI) stands at 7.84% and return on equity (ROE) at 9.79%. It has a price to earnings ratio (P/E ratio) of 2.39 while having a 1.61 of forward P/E ratio. Stock’s beta reads 0.55. Stock has a price to book (P/B) ratio of 0.16 while price to sale or P/S ratio amounts to 0.12. Its return on asset (ROA) is 3.87% on average.