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After finishing at $33.64 in the prior trading day, Qifu Technology Inc. ADR (NASDAQ: QFIN) closed at $32.35, down -3.83%. In other words, the price has decreased by -$3.83 from its previous closing price. On the day, 0.91 million shares were traded. QFIN stock price reached its highest trading level at $32.74 during the session, while it also had its lowest trading level at $31.82.
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 0.05 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:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Sep 05 ’24 when Andrew Y Yan bought 800,000 shares for $26.49 per share.
Zhiqiang He bought 196,853 shares of QFIN for $5,098,493 on Sep 06 ’24. On Aug 23 ’24, another insider, Yan Zheng, who serves as the Officer of the company, bought 250,000 shares for $24.84 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 5265738752 and an Enterprise Value of 4492224000. As of this moment, Qifu’s Price-to-Earnings (P/E) ratio for their current fiscal year is 7.78, and their Forward P/E ratio for the next fiscal year is 5.75. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.43. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.15 while its Price-to-Book (P/B) ratio in mrq is 1.64. Its current Enterprise Value per Revenue stands at 0.263 whereas that against EBITDA is 0.575.
Stock Price History:
Over the past 52 weeks, QFIN has reached a high of $35.23, while it has fallen to a 52-week low of $13.71. The 50-Day Moving Average of the stock is 8.83%, while the 200-Day Moving Average is calculated to be 49.87%.
Shares Statistics:
The stock has traded on average 1.72M shares per day over the past 3-months and 1158240 shares per day over the last 10 days, according to various share statistics. A total of 157.61M shares are outstanding, with a floating share count of 142.38M. Insiders hold about 9.52% of the company’s shares, while institutions hold 57.03% stake in the company. Shares short for QFIN as of 1728950400 were 1607111 with a Short Ratio of 0.93, compared to 1726185600 on 2859116. Therefore, it implies a Short% of Shares Outstanding of 1607111 and a Short% of Float of 1.23000005.
Dividends & Splits
In the trailing 12 months, QFIN’s forward annual dividend rate was 12.018, compared to 1.18 this year. Against a Trailing Annual Dividend Yield of 0.35725325
