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The closing price of Qifu Technology Inc. ADR (NASDAQ: QFIN) was $32.97 for the day, down -0.18% from the previous closing price of $33.03. In other words, the price has decreased by -$0.18 from its previous closing price. On the day, 1.15 million shares were traded. QFIN stock price reached its highest trading level at $33.48 during the session, while it also had its lowest trading level at $32.56.
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 0.05 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:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Sep 05 ’24 when Andrew Y Yan bought 800,000 shares for $26.49 per share.
Zhiqiang He bought 196,853 shares of QFIN for $5,098,493 on Sep 06 ’24. On Aug 23 ’24, another insider, Yan Zheng, who serves as the Officer of the company, bought 250,000 shares for $24.84 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 5118724608 and an Enterprise Value of 4680556032. As of this moment, Qifu’s Price-to-Earnings (P/E) ratio for their current fiscal year is 7.93, and their Forward P/E ratio for the next fiscal year is 5.85. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.44. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.19 while its Price-to-Book (P/B) ratio in mrq is 1.67. Its current Enterprise Value per Revenue stands at 0.274 whereas that against EBITDA is 0.599.
Stock Price History:
Over the past 52 weeks, QFIN has reached a high of $33.72, while it has fallen to a 52-week low of $13.68. The 50-Day Moving Average of the stock is 25.99%, while the 200-Day Moving Average is calculated to be 64.64%.
Shares Statistics:
QFIN traded an average of 1.65M shares per day over the past three months and 1835800 shares per day over the past ten days. A total of 157.61M shares are outstanding, with a floating share count of 142.38M. Insiders hold about 9.52% of the company’s shares, while institutions hold 58.62% stake in the company. Shares short for QFIN as of 1727654400 were 1998950 with a Short Ratio of 1.21, compared to 1724976000 on 3086263. Therefore, it implies a Short% of Shares Outstanding of 1998950 and a Short% of Float of 1.53.
Dividends & Splits
With its trailing 12-month dividend rate of 12.018, QFIN has a forward annual dividend rate of 1.18. Against a Trailing Annual Dividend Yield of 0.36385104
