The price of Qifu Technology Inc. ADR (NASDAQ: QFIN) closed at $18.41 in the last session, down -2.90% from day before closing price of $18.96. In other words, the price has decreased by -$0.55 from its previous closing price. On the day, 822882 shares were traded.
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 0.04 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 3.18B. As of this moment, Qifu’s Price-to-Earnings (P/E) ratio for their current fiscal year is 5.01, and their Forward P/E ratio for the next fiscal year is 3.81. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.93. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.31 while its Price-to-Book (P/B) ratio in mrq is 1.04.
Stock Price History:
Over the past 52 weeks, QFIN has reached a high of $20.40, while it has fallen to a 52-week low of $13.12. The 50-Day Moving Average of the stock is 15.63, while the 200-Day Moving Average is calculated to be 16.02.
Shares Statistics:
According to the various share statistics, QFIN traded on average about 1.10M shares per day over the past 3-months and 2.25M shares per day over the past 10 days. A total of 161.40M shares are outstanding, with a floating share count of 146.66M. Insiders hold about 9.91% of the company’s shares, while institutions hold 55.75% stake in the company. Shares short for QFIN as of Feb 29, 2024 were 3.67M with a Short Ratio of 3.34, compared to 3.9M on Jan 31, 2024.
Dividends & Splits
The forward annual dividend rate for QFIN is 0.66, which was 7.66 in the trailing 12 months. Against a Trailing Annual Dividend Yield of 40.39%, it implies a Forward Annual Dividend Yield of 5.69%.
Earnings Estimates
The company has 1 analysts who recommend its stock at the moment. On average, analysts expect EPS of $1.07 for the current quarter, with a high estimate of $1.07 and a low estimate of $1.07, while EPS last year was $0.83. The consensus estimate for the next quarter is $1.13, with high estimates of $1.13 and low estimates of $1.13.
Analysts are recommending an EPS of between $4.63 and $4.05 for the fiscal current year, implying an average EPS of $4.33. EPS for the following year is $4.93, with 8 analysts recommending between $5.5 and $4.49.
Revenue Estimates
A total of 7 analysts have provided revenue estimates for QFIN’s current fiscal year. The highest revenue estimate was $2.39B, while the lowest revenue estimate was $2.25B, resulting in an average revenue estimate of $2.31B. In the same quarter a year ago, actual revenue was $2.25B, up 2.40% from the average estimate. Based on 7 analysts’ estimates, the company’s revenue will be $2.35B in the next fiscal year. The high estimate is $2.5B and the low estimate is $1.95B. The average revenue growth estimate for next year is up 1.70% from the average revenue estimate for this year.
