After finishing at $19.76 in the prior trading day, Qifu Technology Inc. ADR (NASDAQ: QFIN) closed at $19.02, down -3.74%. In other words, the price has decreased by -$0.74 from its previous closing price. On the day, 940998 shares were traded.
Ratios:
Our goal is to gain a better understanding of QFIN by taking a closer 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 3.06B. As of this moment, Qifu’s Price-to-Earnings (P/E) ratio for their current fiscal year is 5.17, and their Forward P/E ratio for the next fiscal year is 3.93. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.99. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.35 while its Price-to-Book (P/B) ratio in mrq is 1.07.
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 16.15, while the 200-Day Moving Average is calculated to be 16.11.
Shares Statistics:
The stock has traded on average 1.14M shares per day over the past 3-months and 1.23M shares per day over the last 10 days, according to various share statistics. A total of 162.80M shares are outstanding, with a floating share count of 146.66M. Insiders hold about 9.91% of the company’s shares, while institutions hold 55.75% stake in the company. Shares short for QFIN as of Mar 15, 2024 were 4.52M with a Short Ratio of 3.96, compared to 3.85M on Feb 15, 2024.
Dividends & Splits
In the trailing 12 months, QFIN’s forward annual dividend rate was 7.66, compared to 0.66 this year. Against a Trailing Annual Dividend Yield of 38.76%, it implies a Forward Annual Dividend Yield of 5.94%.
Earnings Estimates
Its stock is currently analyzed by 1 different market analysts. On average, analysts expect EPS of $1.07 for the current quarter, with a high estimate of $1.07 and a low estimate of $1.07, 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 $4.63 and $4.05 for the fiscal current year, implying an average EPS of $4.33. EPS for the following year is $4.96, with 9 analysts recommending between $5.5 and $4.49.
Revenue Estimates
A total of 9 analysts have provided revenue estimates for QFIN’s current fiscal year. The highest revenue estimate was $2.41B, while the lowest revenue estimate was $2.25B, resulting in an average revenue estimate of $2.31B. In the same quarter a year ago, actual revenue was $2.25B, up 2.80% from the average estimate. Based on 9 analysts’ estimates, the company’s revenue will be $2.39B in the next fiscal year. The high estimate is $2.63B and the low estimate is $1.95B. The average revenue growth estimate for next year is up 3.20% from the average revenue estimate for this year.
