Qifu Technology Inc. ADR (NASDAQ: QFIN) closed the day trading at $18.60 up 1.31% from the previous closing price of $18.36. In other words, the price has increased by $+0.24 from its previous closing price. On the day, 4068463 shares were traded. QFIN stock price reached its highest trading level at $18.68 during the session, while it also had its lowest trading level at $17.53.
Ratios:
For a better understanding of QFIN, let’s look at 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 2.92B. As of this moment, Qifu’s Price-to-Earnings (P/E) ratio for their current fiscal year is 5.06, and their Forward P/E ratio for the next fiscal year is 3.92. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.94. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.32 while its Price-to-Book (P/B) ratio in mrq is 1.05.
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 15.10, while the 200-Day Moving Average is calculated to be 15.88.
Shares Statistics:
Over the past 3-months, QFIN traded about 928.11K shares per day on average, while over the past 10 days, QFIN traded about 1.87M shares per day. 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 55.73% stake in the company. Shares short for QFIN as of Feb 29, 2024 were 3.67M with a Short Ratio of 3.96, compared to 3.9M on Jan 31, 2024.
Dividends & Splits
QFIN’s forward annual dividend rate is 0.66, up from 7.66 a year ago. Against a Trailing Annual Dividend Yield of 41.71%, it implies a Forward Annual Dividend Yield of 5.81%.
Earnings Estimates
Current recommendations for the stock of the company come from 1 analysts. On average, analysts expect EPS of $0.92 for the current quarter, with a high estimate of $0.92 and a low estimate of $0.92, while EPS last year was $0.83. The consensus estimate for the next quarter is $0.79, with high estimates of $0.79 and low estimates of $0.79.
Analysts are recommending an EPS of between $4.53 and $4.08 for the fiscal current year, implying an average EPS of $4.24. EPS for the following year is $4.8, with 8 analysts recommending between $5.54 and $4.52.
Revenue Estimates
A total of 11 analysts have provided revenue estimates for QFIN’s current fiscal year. The highest revenue estimate was $2.63B, while the lowest revenue estimate was $2.21B, resulting in an average revenue estimate of $2.45B. In the same quarter a year ago, actual revenue was $2.27B, up 8.10% from the average estimate. Based on 10 analysts’ estimates, the company’s revenue will be $2.68B in the next fiscal year. The high estimate is $2.98B and the low estimate is $2.28B. The average revenue growth estimate for next year is up 9.50% from the average revenue estimate for this year.
