Investors aiming for above-average returns often turn to the practice of stock picking. Skillful choices in individual stocks can be a catalyst for substantial wealth growth.
In the latest session, Qifu Technology Inc. ADR (NASDAQ: QFIN) closed at $36.08 down -5.67% from its previous closing price of $38.25. In other words, the price has decreased by -$5.67 from its previous closing price. On the day, 3.16 million shares were traded. QFIN stock price reached its highest trading level at $39.425 during the session, while it also had its lowest trading level at $35.15.
Ratios:
For a deeper understanding of Qifu Technology Inc. ADR’s stock, let’s take a closer look at its various ratios. In the meantime, Its Debt-to-Equity ratio is 0.07 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:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. 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 5062565888 and an Enterprise Value of 4596118528. As of this moment, Qifu’s Price-to-Earnings (P/E) ratio for their current fiscal year is 6.23, and their Forward P/E ratio for the next fiscal year is 4.55. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.37. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.95 while its Price-to-Book (P/B) ratio in mrq is 1.55. Its current Enterprise Value per Revenue stands at 0.268 whereas that against EBITDA is 0.569.
Stock Price History:
The Beta on a monthly basis for QFIN is 0.67, which has changed by 0.80490243 over the last 52 weeks, in comparison to a change of -0.028342128 over the same period for the S&P500. Over the past 52 weeks, QFIN has reached a high of $48.94, while it has fallen to a 52-week low of $17.76. The 50-Day Moving Average of the stock is -15.16%, while the 200-Day Moving Average is calculated to be 10.95%.
Shares Statistics:
For the past three months, QFIN has traded an average of 1.65M shares per day and 3224220 over the past ten days. A total of 141.99M shares are outstanding, with a floating share count of 118.17M. Insiders hold about 8.57% of the company’s shares, while institutions hold 71.38% stake in the company. Shares short for QFIN as of 1741910400 were 3680552 with a Short Ratio of 2.23, compared to 1739491200 on 3872519. Therefore, it implies a Short% of Shares Outstanding of 3680552 and a Short% of Float of 3.17.
Dividends & Splits
According to the company, the forward annual dividend rate for QFIN is 1.18, from 9.489 in the trailing year. Against a Trailing Annual Dividend Yield of 0.24807844
