As of close of business last night, Qifu Technology Inc. ADR’s stock clocked out at $19.90, up 7.74% from its previous closing price of $18.47. In other words, the price has increased by $+1.43 from its previous closing price. On the day, 2290079 shares were traded.
Ratios:
To gain a deeper understanding of QFIN’s stock, we examine its different ratios. In the meantime, Its Debt-to-Equity ratio is 0.04 whereas as Long-Term Debt/Eq ratio is at 0.00.
On July 06, 2023, BofA Securities started tracking the stock assigning a Buy rating and target price of $24.50.
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 3.21B. As of this moment, Qifu’s Price-to-Earnings (P/E) ratio for their current fiscal year is 5.41, and their Forward P/E ratio for the next fiscal year is 4.12. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.08. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.41 while its Price-to-Book (P/B) ratio in mrq is 1.12.
Stock Price History:
Over the past 52 weeks, QFIN has reached a high of $20.40, while it has fallen to a 52-week low of $13.12. The 50-Day Moving Average of the stock is 15.38, while the 200-Day Moving Average is calculated to be 15.97.
Shares Statistics:
It appears that QFIN traded 1.04M shares on average per day over the past three months and 2.21M shares per day over the past ten days. A total of 161.40M shares are outstanding, with a floating share count of 144.19M. Insiders hold about 11.43% of the company’s shares, while institutions hold 55.74% stake in the company. Shares short for QFIN as of Feb 29, 2024 were 3.67M with a Short Ratio of 3.52, compared to 3.9M on Jan 31, 2024.
Dividends & Splits
With its trailing 12-month dividend rate of 7.66, QFIN has a forward annual dividend rate of 0.66. Against a Trailing Annual Dividend Yield of 41.46%, it implies a Forward Annual Dividend Yield of 5.43%.
Earnings Estimates
As of right now, 1 analysts gave their recommendation on the stock of the company. On average, analysts expect EPS of $1.08 for the current quarter, with a high estimate of $1.08 and a low estimate of $1.08, while EPS last year was $0.83. The consensus estimate for the next quarter is $1.13, with high estimates of $1.13 and low estimates of $1.13.
Analysts are recommending an EPS of between $4.65 and $4.07 for the fiscal current year, implying an average EPS of $4.31. EPS for the following year is $4.87, with 7 analysts recommending between $5.53 and $4.51.
Revenue Estimates
A total of 7 analysts have provided revenue estimates for QFIN’s current fiscal year. The highest revenue estimate was $2.4B, while the lowest revenue estimate was $2.26B, resulting in an average revenue estimate of $2.32B. In the same quarter a year ago, actual revenue was $2.26B, up 2.40% from the average estimate. Based on 7 analysts’ estimates, the company’s revenue will be $2.36B in the next fiscal year. The high estimate is $2.51B and the low estimate is $1.96B. The average revenue growth estimate for next year is up 1.70% from the average revenue estimate for this year.
