In the quest to outshine the broader market, stock pickers diligently seek out stocks with the potential for superior performance. Making the right choices can significantly elevate your wealth.
In the latest session, Qifu Technology Inc. ADR (NASDAQ: QFIN) closed at $36.52 down -5.56% from its previous closing price of $38.67. In other words, the price has decreased by -$5.56 from its previous closing price. On the day, 1.08 million shares were traded. QFIN stock price reached its highest trading level at $39.54 during the session, while it also had its lowest trading level at $36.43.
Ratios:
For a deeper understanding of Qifu Technology Inc. ADR’s stock, let’s take a closer look at its various ratios. In the meantime, Its Debt-to-Equity ratio is 0.06 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:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Dec 03 ’24 when Yan Zheng bought 483,000 shares for $37.88 per share.
Holy Vanguard Ltd bought 1,200,000 shares of QFIN for $45,456,000 on Dec 03 ’24. On Sep 05 ’24, another insider, Andrew Y Yan, who serves as the Director of the company, bought 800,000 shares for $26.49 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 5955608576 and an Enterprise Value of 4496780288. As of this moment, Qifu’s Price-to-Earnings (P/E) ratio for their current fiscal year is 7.46, and their Forward P/E ratio for the next fiscal year is 5.82. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.31. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.41 while its Price-to-Book (P/B) ratio in mrq is 1.77. Its current Enterprise Value per Revenue stands at 0.263 whereas that against EBITDA is 0.576.
Stock Price History:
The Beta on a monthly basis for QFIN is 0.68, which has changed by 1.5780001 over the last 52 weeks, in comparison to a change of 0.24933672 over the same period for the S&P500. Over the past 52 weeks, QFIN has reached a high of $40.31, while it has fallen to a 52-week low of $13.71. The 50-Day Moving Average of the stock is 2.81%, while the 200-Day Moving Average is calculated to be 42.24%.
Shares Statistics:
For the past three months, QFIN has traded an average of 1.37M shares per day and 864260 over the past ten days. A total of 157.36M shares are outstanding, with a floating share count of 144.49M. Insiders hold about 8.18% of the company’s shares, while institutions hold 59.37% stake in the company. Shares short for QFIN as of 1730332800 were 1603684 with a Short Ratio of 1.76, compared to 1727654400 on 1998950. Therefore, it implies a Short% of Shares Outstanding of 1603684 and a Short% of Float of 1.23000005.
