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As of close of business last night, Qifu Technology Inc. ADR’s stock clocked out at $19.77, down -3.33% from its previous closing price of $20.45. In other words, the price has decreased by -$3.33 from its previous closing price. On the day, 1.23 million shares were traded. QFIN stock price reached its highest trading level at $20.35 during the session, while it also had its lowest trading level at $19.46.
Ratios:
To gain a deeper understanding of QFIN’s stock, we examine its different ratios. In the meantime, Its Debt-to-Equity ratio is 0.04 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.
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 3069371648 and an Enterprise Value of 1987831040. As of this moment, Qifu’s Price-to-Earnings (P/E) ratio for their current fiscal year is 5.11, and their Forward P/E ratio for the next fiscal year is 4.25. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.52. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.32 while its Price-to-Book (P/B) ratio in mrq is 1.02. Its current Enterprise Value per Revenue stands at 0.118 whereas that against EBITDA is 0.249.
Stock Price History:
The Beta on a monthly basis for QFIN is 0.66, which has changed by 0.124244094 over the last 52 weeks, in comparison to a change of 0.23279357 over the same period for the S&P500. Over the past 52 weeks, QFIN has reached a high of $21.57, while it has fallen to a 52-week low of $13.68. The 50-Day Moving Average of the stock is -1.22%, while the 200-Day Moving Average is calculated to be 16.36%.
Shares Statistics:
It appears that QFIN traded 1.17M shares on average per day over the past three months and 1349960 shares per day over the past ten days. A total of 157.61M shares are outstanding, with a floating share count of 141.54M. Insiders hold about 10.05% of the company’s shares, while institutions hold 55.73% stake in the company. Shares short for QFIN as of 1719532800 were 3318130 with a Short Ratio of 3.62, compared to 1717113600 on 3424212.
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 0.37447432
