Those aiming for above-average market returns often engage in the meticulous process of stock picking. Choosing the right stocks can make a substantial difference in your wealth.
After finishing at $36.44 in the prior trading day, Qifu Technology Inc. ADR (NASDAQ: QFIN) closed at $36.04, down -1.10%. In other words, the price has decreased by -$1.10 from its previous closing price. On the day, 1.24 million shares were traded. QFIN stock price reached its highest trading level at $36.54 during the session, while it also had its lowest trading level at $35.585.
Ratios:
Our goal is to gain a better understanding of QFIN by taking a closer look at its different ratios. In the meantime, Its Debt-to-Equity ratio is 0.06 whereas as Long-Term Debt/Eq ratio is at 0.01.
On July 06, 2023, BofA Securities started tracking the stock assigning a Buy rating and target price of $24.50.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Dec 03 ’24 when Yan Zheng bought 483,000 shares for $37.88 per share.
Holy Vanguard Ltd bought 1,200,000 shares of QFIN for $45,456,000 on Dec 03 ’24. On Sep 05 ’24, another insider, Andrew Y Yan, who serves as the Director of the company, bought 800,000 shares for $26.49 each.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, QFIN now has a Market Capitalization of 5608256512 and an Enterprise Value of 4496780288. As of this moment, Qifu’s Price-to-Earnings (P/E) ratio for their current fiscal year is 7.36, and their Forward P/E ratio for the next fiscal year is 5.80. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.30. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.38 while its Price-to-Book (P/B) ratio in mrq is 1.74. Its current Enterprise Value per Revenue stands at 0.263 whereas that against EBITDA is 0.576.
Stock Price History:
Over the past 52 weeks, QFIN has reached a high of $38.69, while it has fallen to a 52-week low of $13.71. The 50-Day Moving Average of the stock is 8.92%, while the 200-Day Moving Average is calculated to be 53.31%.
Shares Statistics:
The stock has traded on average 1.65M shares per day over the past 3-months and 1807990 shares per day over the last 10 days, according to various share statistics. A total of 157.36M shares are outstanding, with a floating share count of 144.49M. Insiders hold about 8.18% of the company’s shares, while institutions hold 59.33% stake in the company. Shares short for QFIN as of 1730332800 were 1603684 with a Short Ratio of 1.24, compared to 1727654400 on 1998950. Therefore, it implies a Short% of Shares Outstanding of 1603684 and a Short% of Float of 1.23000005.
