LexinFintech Holdings Ltd ADR (NASDAQ:LX) does about 1.85M shares in volume on a normal day but saw 12254005 shares change hands in the recent trading day. The company now has a market cap of 512.02M USD. Its current market price is $3.69, marking an increase of 1.37% compared to the previous close of $3.64. The 52 week high reached by this stock is $4.70 whilst the lowest price level in 52 weeks is $1.56.
LexinFintech Holdings Ltd ADR (LX) has a 20-day trading average at $2.26 and the current price is -21.49% off the 52-week high compared with 136.54% distance from its 52-week low. The 50-day simple moving average of the closing price is $1.93 and its 200-day simple moving average is $1.83. If we look at the stock’s price movements over the week, volatility stands at 25.71%, which decreases to 9.78% 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 88.85 to suggest the stock is overbought.
The consensus objective for the share price is $2.64, suggesting that the stock has a potential downside of -39.77% over the period.
FactSet Research has provided data showing that 5 brokerages have issued ratings for the stock. 0 analysts have rated it as a sell, while 0 advise that it is a overweight. 3 analysts have rated it as a buy and 1 have advised that investors hold their positions. The consensus recommendation rating is Buy and Wall Street’s advice is for investors to Strong Buy the stock.
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.
The current price level is 70.83%, 94.84%, and 102.36% away from its SMA20, SMA50, and SMA200 respectively, with the LX price moving below the 50-day SMA on current market day. LexinFintech Holdings Ltd ADR (LX) stock is up 35.66% over the week and 113.29% over the past month. Its price is 100.54% year-to-date and 78.26% over the past year.
The stock last released its quarterly earnings report for quarter ended 3/31/2022, with the company’s earnings per share (EPS) of 0.55 above consensus estimates by 0.12. The company’s next earnings report forecasts estimating quarterly EPS at 0 and 0.85 for whole year. In addition, estimates put the company’s current quarterly revenue at an average of $1.94B.
To reach the target analysts have set, the stock logically needs to shrink -39.77 percent from here.
The company has a return on investment of 6.60% and return on equity of 8.37%. The price to earnings ratio (P/E ratio) amounts to 5.65 while the forward price to earnings ratio is 3.74. The beta has a value of 0.55. Price to book ratio is 0.46 and price to sales ratio is 0.27.
