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As of close of business last night, Qifu Technology Inc. ADR’s stock clocked out at $25.59, down -3.40% from its previous closing price of $26.49. In other words, the price has decreased by -$3.40 from its previous closing price. On the day, 1.29 million shares were traded. QFIN stock price reached its highest trading level at $26.27 during the session, while it also had its lowest trading level at $25.42.
Ratios:
To gain a deeper understanding of QFIN’s stock, we examine its different ratios. 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:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Aug 23 ’24 when Yan Zheng bought 250,000 shares for $24.84 per share.
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 4176799744 and an Enterprise Value of 2438796800. As of this moment, Qifu’s Price-to-Earnings (P/E) ratio for their current fiscal year is 6.16, and their Forward P/E ratio for the next fiscal year is 4.67. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.29. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.70 while its Price-to-Book (P/B) ratio in mrq is 1.30. Its current Enterprise Value per Revenue stands at 0.143 whereas that against EBITDA is 0.312.
Stock Price History:
Over the past 52 weeks, QFIN has reached a high of $26.50, while it has fallen to a 52-week low of $13.68. The 50-Day Moving Average of the stock is 21.02%, while the 200-Day Moving Average is calculated to be 41.36%.
Shares Statistics:
It appears that QFIN traded 1.31M shares on average per day over the past three months and 1779720 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 58.15% stake in the company. Shares short for QFIN as of 1723680000 were 4065704 with a Short Ratio of 3.11, compared to 1721001600 on 3864984. Therefore, it implies a Short% of Shares Outstanding of 4065704 and a Short% of Float of 3.1199999999999997.
Dividends & Splits
With its trailing 12-month dividend rate of 12.018, QFIN has a forward annual dividend rate of 1.08. Against a Trailing Annual Dividend Yield of 0.45368063
