Investors Are Waking Up To Lufax Holding Ltd ADR (NYSE: LU) After Rising 118.73% Over The Past 12 Months

Lufax Holding Ltd ADR (NYSE:LU) currently has a daily average trading volume of 3.31M but it saw 10874502 shares traded in last market. With a market cap of 3.48B USD, the company’s current market price of $4.15 came rising about 13.08 while comparing to the previous closing price of $3.67. In past 52 weeks, the stock remained buoying in the range of price level as high as $3.75 and as low as $0.94. In the recent trading on the day, stock has struck highest price mark of $3.9 while lowest mark touched by it was $4.15.

Taking a look at 20-day trading activity of Lufax Holding Ltd ADR (LU) gives us an average price of $2.57, while its current price level is 10.67% below from 52-week high level whereas it is 339.53% 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 $2.60 while that of 200 days or SMA-200 reads an average of $3.08. A closer look into the stock’s movement over the week reveals that its volatility is standing at 10.86% during that period while stretching the period over a month that decreases to 4.73%. 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 86.72 which implies that the stock is in overbought territory.

UBS downgraded its recommendation for the stock as a “Sell” from “Neutral” on August 24, 2023 while assigning a price target range of $1.60-$1. Bernstein issued its recommendations for the stock as it initiated the price target for the stock is $2.50.

Over the week, LU’s stock price is moving 70.78% up while it is 82.02% when we observe its performance for the past one month. Year-to-date it is 202.08% up and over the past year, the stock is showing an upside performance of 118.73%.

The latest quarterly earnings report issued by the company reported quarterly earnings per share (EPS) of 0.24 beat the consensus estimate of 0.21 for the same. The company is expected to be releasing its next quarterly report on 2024-Aug-21, for which analysts forecasted an EPS of -0.01 while estimate for next year EPS is -0.32. In next quarter, company is expected to be making quarterly sales of $928.18M as analysts are expecting the sales for current fiscal year at $3.47B and seeing the company making $3.59B in sales next year. Moreover, analysts are in estimates of $855.32M for current-quarter revenue.

Currently, Lufax Holding Ltd ADR’s total number of outstanding shares is 838.06M. Company’s return on investment (ROI) stands at -1.89% and return on equity (ROE) at -2.79%. It has a 10.06 of forward P/E ratio. Stock’s beta reads 0.89. Stock has a price to book (P/B) ratio of 0.21 while price to sale or P/S ratio amounts to 0.91. Its return on asset (ROA) is -0.98% on average.