Investors with the goal of beating the broader market often turn to stock selection. Strategic choices in individual stocks can have a profound impact on your wealth.
The price of Qifu Technology Inc. ADR (NASDAQ: QFIN) closed at $42.19 in the last session, up 3.00% from day before closing price of $40.96. In other words, the price has increased by $3.00 from its previous closing price. On the day, 1.14 million shares were traded. QFIN stock price reached its highest trading level at $43.2 during the session, while it also had its lowest trading level at $41.3199.
Ratios:
We take a closer look at QFIN’s different ratios to gain a better understanding of the stock. 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:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. 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 6550166016 and an Enterprise Value of 4496780288. As of this moment, Qifu’s Price-to-Earnings (P/E) ratio for their current fiscal year is 8.61, and their Forward P/E ratio for the next fiscal year is 6.73. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.33. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.79 while its Price-to-Book (P/B) ratio in mrq is 2.04. Its current Enterprise Value per Revenue stands at 0.263 whereas that against EBITDA is 0.576.
Stock Price History:
The Beta on a monthly basis for QFIN is 0.68, which has changed by 1.9531362 over the last 52 weeks, in comparison to a change of 0.21794415 over the same period for the S&P500. Over the past 52 weeks, QFIN has reached a high of $41.99, while it has fallen to a 52-week low of $13.71. The 50-Day Moving Average of the stock is 12.77%, while the 200-Day Moving Average is calculated to be 54.95%.
Shares Statistics:
According to the various share statistics, QFIN traded on average about 1.26M shares per day over the past 3-months and 1117590 shares per day over the past 10 days. 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 59.00% stake in the company. Shares short for QFIN as of 1730332800 were 1603684 with a Short Ratio of 2.19, compared to 1727654400 on 1998950. Therefore, it implies a Short% of Shares Outstanding of 1603684 and a Short% of Float of 1.23000005.
