The Week Ahead: Are Investors Really Too Optimistic About LexinFintech Holdings Ltd ADR (NASDAQ: LX)

LexinFintech Holdings Ltd ADR (NASDAQ:LX) currently has a daily average trading volume of 3.55M but it saw 1832591 shares traded in last market. With a market cap of 439.87M USD, the company’s current market price of $3.17 came rising about 1.60 while comparing to the previous closing price of $3.12. In past 52 weeks, the stock remained buoying in the range of price level as high as $4.70 and as low as $1.56. In the recent trading on the day, stock has struck highest price mark of $3.01 while lowest mark touched by it was $3.225.

Taking a look at 20-day trading activity of LexinFintech Holdings Ltd ADR (LX) gives us an average price of $3.32, while its current price level is -32.55% below from 52-week high level whereas it is 103.21% 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 $2.81 while that of 200 days or SMA-200 reads an average of $2.03. A closer look into the stock’s movement over the week reveals that its volatility is standing at 7.26% during that period while stretching the period over a month that increases to 8.43%. 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 49.00 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 -18.93% down while it is 10.07% when we observe its performance for the past one month. Year-to-date it is 72.28% up and over the past year, the stock is showing an upside performance of 60.91%.

Currently, LexinFintech Holdings Ltd ADR’s total number of outstanding shares is 138.76M. Company’s return on investment (ROI) stands at 6.60% and return on equity (ROE) at 8.37%. It has a price to earnings ratio (P/E ratio) of 4.86 while having a 3.26 of forward P/E ratio. Stock’s beta reads 0.54. Stock has a price to book (P/B) ratio of 0.40 while price to sale or P/S ratio amounts to 0.23. Its return on asset (ROA) is 3.47% on average.