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As of close of business last night, Qifu Technology Inc. ADR’s stock clocked out at $35.21, down -0.11% from its previous closing price of $35.25. In other words, the price has decreased by -$0.11 from its previous closing price. On the day, 1.22 million shares were traded. QFIN stock price reached its highest trading level at $35.35 during the session, while it also had its lowest trading level at $34.8.
Ratios:
To gain a deeper understanding of QFIN’s stock, we examine its different ratios. In the meantime, Its Debt-to-Equity ratio is 0.06 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:
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 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 5466493440 and an Enterprise Value of 4496780288. As of this moment, Qifu’s Price-to-Earnings (P/E) ratio for their current fiscal year is 7.19, and their Forward P/E ratio for the next fiscal year is 5.91. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.40. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.32 while its Price-to-Book (P/B) ratio in mrq is 1.70. Its current Enterprise Value per Revenue stands at 0.263 whereas that against EBITDA is 0.576.
Stock Price History:
Over the past 52 weeks, QFIN has reached a high of $35.44, while it has fallen to a 52-week low of $13.71. The 50-Day Moving Average of the stock is 12.71%, while the 200-Day Moving Average is calculated to be 56.09%.
Shares Statistics:
It appears that QFIN traded 1.64M shares on average per day over the past three months and 1394000 shares per day over the past ten days. A total of 157.61M shares are outstanding, with a floating share count of 144.49M. Insiders hold about 8.18% of the company’s shares, while institutions hold 59.23% stake in the company. Shares short for QFIN as of 1730332800 were 1603684 with a Short Ratio of 0.98, compared to 1727654400 on 1998950. Therefore, it implies a Short% of Shares Outstanding of 1603684 and a Short% of Float of 1.23000005.
