Those aspiring to outpace the market meticulously engage in the process of selecting individual stocks. Strategic choices can be instrumental in accelerating your wealth.
The price of Qifu Technology Inc. ADR (NASDAQ: QFIN) closed at $42.42 in the last session, down -3.68% from day before closing price of $44.04. In other words, the price has decreased by -$3.68 from its previous closing price. On the day, 1.5 million shares were traded.
Ratios:
We take a closer look at QFIN’s different ratios to gain a better understanding of the stock. 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:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. 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 8.66, and their Forward P/E ratio for the next fiscal year is 6.75. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.33. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.80 while its Price-to-Book (P/B) ratio in mrq is 2.05.
Stock Price History:
Over the past 52 weeks, QFIN has reached a high of $46.25, while it has fallen to a 52-week low of $14.88. The 50-Day Moving Average of the stock is 7.44%, while the 200-Day Moving Average is calculated to be 46.75%.
Shares Statistics:
A total of 157.36M shares are outstanding, with a floating share count of 143.84M. Insiders hold about 8.59% of the company’s shares, while institutions hold 58.83% stake in the company.
