Those determined to outshine the market strategically focus on the selection of individual stocks. Well-chosen stocks have the potential to substantially boost your wealth.
As of close of business last night, Qifu Technology Inc. ADR’s stock clocked out at $40.43, down -0.79% from its previous closing price of $40.75. In other words, the price has decreased by -$0.79 from its previous closing price. On the day, 1.23 million shares were traded. QFIN stock price reached its highest trading level at $41.53 during the session, while it also had its lowest trading level at $39.11.
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 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 6276919296 and an Enterprise Value of 5676258304. As of this moment, Qifu’s Price-to-Earnings (P/E) ratio for their current fiscal year is 8.26, and their Forward P/E ratio for the next fiscal year is 6.40. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.31. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.67 while its Price-to-Book (P/B) ratio in mrq is 1.95. Its current Enterprise Value per Revenue stands at 0.33 whereas that against EBITDA is 0.715.
Stock Price History:
The Beta on a monthly basis for QFIN is 0.63, which has changed by 1.173656 over the last 52 weeks, in comparison to a change of 0.087141395 over the same period for the S&P500. Over the past 52 weeks, QFIN has reached a high of $46.25, while it has fallen to a 52-week low of $15.50. The 50-Day Moving Average of the stock is 0.62%, while the 200-Day Moving Average is calculated to be 33.35%.
Shares Statistics:
It appears that QFIN traded 1.23M shares on average per day over the past three months and 1299850 shares per day over the past ten 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 58.65% stake in the company. Shares short for QFIN as of 1740700800 were 3608834 with a Short Ratio of 2.94, 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
With its trailing 12-month dividend rate of 8.219, QFIN has a forward annual dividend rate of 1.18. Against a Trailing Annual Dividend Yield of 0.20169325
