Qifu Technology Inc. ADR (NASDAQ:QFIN) currently has a daily average trading volume of 1.29M but it saw 1457057 shares traded in last market. With a market cap of 4.03B USD, the company’s current market price of $25.60 came falling about -0.47 while comparing to the previous closing price of $25.72. In past 52 weeks, the stock remained buoying in the range of price level as high as $25.92 and as low as $13.68. In the recent trading on the day, stock has struck highest price mark of $25.41 while lowest mark touched by it was $25.98.
Taking a look at 20-day trading activity of Qifu Technology Inc. ADR (QFIN) gives us an average price of $22.63, while its current price level is -1.23% below from 52-week high level whereas it is 87.13% 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 $20.89 while that of 200 days or SMA-200 reads an average of $18.00. A closer look into the stock’s movement over the week reveals that its volatility is standing at 2.94% during that period while stretching the period over a month that increases to 3.33%. 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 78.40 which implies that the stock is in overbought territory.
China Renaissance issued its recommendations for the stock as it resumed the price target for the stock is $20.80.
Over the week, QFIN’s stock price is moving 3.06% up while it is 29.95% when we observe its performance for the past one month. Year-to-date it is 61.82% up and over the past year, the stock is showing an upside performance of 56.00%.
The company is expected to be releasing its next quarterly report on 2024-Nov-14, for which analysts forecasted an EPS of 1.4 while estimate for next year EPS is 5.16. In next quarter, company is expected to be making quarterly sales of $nan as analysts are expecting the sales for current fiscal year at $2.33B and seeing the company making $2.41B in sales next year. Moreover, analysts are in estimates of $583.71M for current-quarter revenue.
Currently, Qifu Technology Inc. ADR’s total number of outstanding shares is 157.61M with 1.03% of that held by the insiders while 70.20% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at 21.22% and return on equity (ROE) at 22.24%. It has a price to earnings ratio (P/E ratio) of 6.16 while having a 4.67 of forward P/E ratio. Stock’s beta reads 0.65. Stock has a price to book (P/B) ratio of 1.30 while price to sale or P/S ratio amounts to 1.70. Its return on asset (ROA) is 10.67% on average.
