Investors aiming for above-average returns often turn to the practice of stock picking. Skillful choices in individual stocks can be a catalyst for substantial wealth growth.
The closing price of Qifu Technology Inc. ADR (NASDAQ: QFIN) was $20.90 for the day, up 4.97% from the previous closing price of $19.91. In other words, the price has increased by $4.97 from its previous closing price. On the day, 0.95 million shares were traded. QFIN stock price reached its highest trading level at $20.99 during the session, while it also had its lowest trading level at $20.2.
Ratios:
Our analysis of QFIN’s different ratios will help us gain a deeper understanding of the company. In the meantime, Its Debt-to-Equity ratio is 0.04 whereas as Long-Term Debt/Eq ratio is at 0.00.
On July 06, 2023, BofA Securities started tracking the stock assigning a Buy rating and target price of $24.50.
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 3244808448 and an Enterprise Value of 2991919104. As of this moment, Qifu’s Price-to-Earnings (P/E) ratio for their current fiscal year is 5.68, and their Forward P/E ratio for the next fiscal year is 4.33. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.35. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.43 while its Price-to-Book (P/B) ratio in mrq is 1.06. Its current Enterprise Value per Revenue stands at 0.184 whereas that against EBITDA is 0.375.
Stock Price History:
Over the past 52 weeks, QFIN has reached a high of $20.61, while it has fallen to a 52-week low of $13.12. The 50-Day Moving Average of the stock is 14.72%, while the 200-Day Moving Average is calculated to be 28.49%.
Shares Statistics:
QFIN traded an average of 1.24M shares per day over the past three months and 1265890 shares per day over the past ten days. A total of 157.61M shares are outstanding, with a floating share count of 141.76M. Insiders hold about 9.91% of the company’s shares, while institutions hold 58.21% stake in the company. Shares short for QFIN as of 1713139200 were 3745905 with a Short Ratio of 2.91, compared to 1710460800 on 4524556.
Dividends & Splits
With its trailing 12-month dividend rate of 7.658, QFIN has a forward annual dividend rate of 1.08. Against a Trailing Annual Dividend Yield of 0.38463083
