Those aiming for above-average market returns often engage in the meticulous process of stock picking. Choosing the right stocks can make a substantial difference in your wealth.
The closing price of Qifu Technology Inc. ADR (NASDAQ: QFIN) was $43.00 for the day, up 0.84% from the previous closing price of $42.64. In other words, the price has increased by $0.84 from its previous closing price. On the day, 0.72 million shares were traded.
Ratios:
Our analysis of QFIN’s different ratios will help us gain a deeper understanding of the company. In the meantime, Its Debt-to-Equity ratio is 0.07 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:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. 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:
As of this moment, Qifu’s Price-to-Earnings (P/E) ratio for their current fiscal year is 7.43, and their Forward P/E ratio for the next fiscal year is 5.45. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.46. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.33 while its Price-to-Book (P/B) ratio in mrq is 1.84.
Stock Price History:
Over the past 52 weeks, QFIN has reached a high of $48.94, while it has fallen to a 52-week low of $18.13. The 50-Day Moving Average of the stock is 3.87%, while the 200-Day Moving Average is calculated to be 23.98%.
Shares Statistics:
A total of 141.99M shares are outstanding, with a floating share count of 118.17M. Insiders hold about 8.57% of the company’s shares, while institutions hold 76.28% stake in the company.
