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The price of Qifu Technology Inc. ADR (NASDAQ: QFIN) closed at $46.02 in the last session, down -3.44% from day before closing price of $47.66. In other words, the price has decreased by -$3.44 from its previous closing price. On the day, 1.88 million shares were traded. QFIN stock price reached its highest trading level at $46.4908 during the session, while it also had its lowest trading level at $45.1001.
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 7396657152 and an Enterprise Value of 6990652416. As of this moment, Qifu’s Price-to-Earnings (P/E) ratio for their current fiscal year is 7.95, and their Forward P/E ratio for the next fiscal year is 6.02. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.55. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.04 while its Price-to-Book (P/B) ratio in mrq is 2.22. Its current Enterprise Value per Revenue stands at 0.407 whereas that against EBITDA is 0.865.
Stock Price History:
The Beta on a monthly basis for QFIN is 0.56, which has changed by 1.4272151 over the last 52 weeks, in comparison to a change of 0.08190584 over the same period for the S&P500. Over the past 52 weeks, QFIN has reached a high of $48.81, while it has fallen to a 52-week low of $17.76. The 50-Day Moving Average of the stock is 12.16%, while the 200-Day Moving Average is calculated to be 48.08%.
Shares Statistics:
According to the various share statistics, QFIN traded on average about 1.27M shares per day over the past 3-months and 1859930 shares per day over the past 10 days. A total of 157.36M shares are outstanding, with a floating share count of 143.87M. Insiders hold about 8.57% of the company’s shares, while institutions hold 58.69% stake in the company. Shares short for QFIN as of 1740700800 were 3608834 with a Short Ratio of 2.83, compared to 1738281600 on 2836032. Therefore, it implies a Short% of Shares Outstanding of 3608834 and a Short% of Float of 2.77.
Dividends & Splits
The forward annual dividend rate for QFIN is 1.18, which was 9.489 in the trailing 12 months. Against a Trailing Annual Dividend Yield of 0.19909778
Earnings Estimates
The consensus estimate for the next quarter is $0, with high estimates of $0 and low estimates of $0.
Analysts are recommending an EPS of between $55.88 and $47.17 for the fiscal current year, implying an average EPS of $50.79. EPS for the following year is $57.27, with 6.0 analysts recommending between $64.82 and $50.32.
Revenue Estimates
A total of 9 analysts have provided revenue estimates for QFIN’s current fiscal year. The highest revenue estimate was $18.65B, while the lowest revenue estimate was $16.71B, resulting in an average revenue estimate of $17.8B. In the same quarter a year ago, actual revenue was $17.17BBased on 8 analysts’ estimates, the company’s revenue will be $19.06B in the next fiscal year. The high estimate is $19.95B and the low estimate is $17.86B.
