CNFinance Holdings Ltd ADR (NYSE:CNF) does about 40.12K shares in volume on a normal day but saw 1193403 shares change hands in the recent trading day. The company now has a market cap of 82.30M USD. Its current market price is $1.20, marking an increase of 16.50% compared to the previous close of $1.03. The 52 week high reached by this stock is $4.10 whilst the lowest price level in 52 weeks is $0.86.
CNFinance Holdings Ltd ADR (CNF) has a 20-day trading average at $1.0194 and the current price is -70.73% off the 52-week high compared with 39.53% distance from its 52-week low. The 50-day simple moving average of the closing price is $1.2645 and its 200-day simple moving average is $1.8192. If we look at the stock’s price movements over the week, volatility stands at 14.29%, which decreases to 8.54% 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 60.84 to suggest the stock is neutral.
The consensus objective for the share price is $4.99, suggesting that the stock has a potential upside of 75.95% over the period.
#####
#####
The current price level is 18.24%, -5.79%, and -34.21% away from its SMA20, SMA50, and SMA200 respectively, with the CNF price moving above the 50-day SMA on current market day. CNFinance Holdings Ltd ADR (CNF) stock is up 34.38% over the week and 9.09% over the past month. Its price is -45.95% year-to-date and -59.04% over the past year.
The stock last released its quarterly earnings report for quarter ended 12/31/2023, with the company’s earnings per share (EPS) of 0.09 above consensus estimates by 0.09. The company’s next earnings report forecasts estimating quarterly EPS at 0 and 0.03 for whole year. In addition, estimates put the company’s current quarterly revenue at an average of $69.17M.
To reach the target analysts have set, the stock logically needs to grow 75.95 percent from here.
Outstanding shares total 68.58M with insiders holding 1.34% of the shares and institutional holders owning 18.67% of the company’s common stock. The company has a return on investment of 2.57% and return on equity of 4.15%. The price to earnings ratio (P/E ratio) amounts to 3.59. The beta has a value of -0.02. Price to book ratio is 0.15 and price to sales ratio is 0.33.
#####
