As of close of business last night, Qifu Technology Inc. ADR’s stock clocked out at $15.19, down -1.94% from its previous closing price of $15.49. In other words, the price has decreased by -$0.30 from its previous closing price. On the day, 1209877 shares were traded. QFIN stock price reached its highest trading level at $15.62 during the session, while it also had its lowest trading level at $15.14.
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 2.53B. As of this moment, Qifu’s Price-to-Earnings (P/E) ratio for their current fiscal year is 4.36, and their Forward P/E ratio for the next fiscal year is 3.53. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.68. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.11 while its Price-to-Book (P/B) ratio in mrq is 0.86.
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 14.95, while the 200-Day Moving Average is calculated to be 15.82.
Shares Statistics:
It appears that QFIN traded 819.31K shares on average per day over the past three months and 1.15M shares per day over the past ten days. A total of 161.40M shares are outstanding, with a floating share count of 143.97M. Insiders hold about 11.56% of the company’s shares, while institutions hold 56.29% stake in the company. Shares short for QFIN as of Feb 15, 2024 were 3.85M with a Short Ratio of 4.70, compared to 4.36M on Jan 12, 2024.
Dividends & Splits
With its trailing 12-month dividend rate of 4.63, QFIN has a forward annual dividend rate of 0.66. Against a Trailing Annual Dividend Yield of 29.89%, it implies a Forward Annual Dividend Yield of 5.40%.
Earnings Estimates
As of right now, 2 analysts gave their recommendation on the stock of the company. On average, analysts expect EPS of $0.98 for the current quarter, with a high estimate of $1 and a low estimate of $0.96, while EPS last year was $0.82. The consensus estimate for the next quarter is $0.91, with high estimates of $0.91 and low estimates of $0.91.
Analysts are recommending an EPS of between $3.91 and $3.72 for the fiscal current year, implying an average EPS of $3.8. EPS for the following year is $4.3, with 8 analysts recommending between $4.45 and $4.1.
Revenue Estimates
In the current quarter, 2 analysts expect revenue to total $591.69M. It ranges from a high estimate of $591.69M to a low estimate of $591.69M. As of the current estimate, Qifu Technology Inc. ADR’s year-ago sales were $565.22M, an estimated increase of 4.70% from the year-ago figure.
A total of 11 analysts have provided revenue estimates for QFIN’s current fiscal year. The highest revenue estimate was $2.33B, while the lowest revenue estimate was $2.2B, resulting in an average revenue estimate of $2.24B. In the same quarter a year ago, actual revenue was $2.4B, down -6.60% from the average estimate. Based on 11 analysts’ estimates, the company’s revenue will be $2.5B in the next fiscal year. The high estimate is $2.64B and the low estimate is $2.2B. The average revenue growth estimate for next year is up 11.90% from the average revenue estimate for this year.
