360 Finance, Inc. (NASDAQ:QFIN) traded at $11.64 at last check on Monday, Sep 14, making an upward move of 9.19% on its previous day’s price.
Looking at the stock we see that its previous close was $10.66 and the beta (5Y monthly) reads 0 with the day’s price range being $10.81 – 11.78. The company has a 12-month trailing PE ratio of 5.39. In terms of its 52-week price range, QFIN has a high of $18.06 and a low of $6.37. The company’s stock has gained about -14.91% over that past 30 days.
360 has a market cap of $1.75 Billion and is expected to release its quarterly earnings report on August 24, 2020. With its Forward Dividend at 0 and a yield of 0%, the company’s investors could be worried for the QFIN stock to lose ahead of the earnings release. Estimates by analysts give the company expected earnings per share (EPS) of $0.81, with the EPS growth for the year declined at $2.66 for 2020 and $3.68 for next year. These figures represent -0.18% and at 0.38% growth in EPS for the two years respectively.
On the other hand, looking at the outlook for the QFIN stock, short term indicators assign the stock an average of Hold, while medium term indicators assign it an average of 50% Buy. Long term indicators on average place the stock in the category of 100% Buy.
Based on estimates by 6 analysts where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, none have rated the 360 Finance, Inc. (QFIN) stock as a Hold, while 6 rate it as a Buy. None analysts rate it as outperform while none of them rated it as underperform, whereas none suggests the stock as a Sell. The stock has an overall rating of Buy and investors could take advantage and scoop up stock of the company.
Let’s briefly compare 360 (QFIN) stock to its peers. We find that today’s price change of +9.19% and +21% over the past 12 months for QFIN betters that of Relx Plc (RELX), which has seen its stock price rise 0.52% in the latest trading session and is -0.17% over the last one year. Another of its peers Tencent Music Entertainment Group ADR (TME) has climbed 1.14% today, and is +16.3% up over the past year, while Yandex N.V. (YNDX) is also up 9.19% yet its price remains in the green at 21% over the same period. Relx has a P/E ratio of 27.57 compared to 360’s 5.39 and Tencent’s 47. In contrast to these companies, both the S&P 500 Index and the Dow Jones Industrial are today at 1.27% and 1.18%, respectively, in early deals.
Coming back to 360 Finance, Inc. (NASDAQ:QFIN), we note that the average 3-month trading volume was 1.76 Million, while that of the preceding 10-day period stands at 1.27 Million. Current shares outstanding are 151.35 Million.
According to data from Thomson Reuters, insiders hold 15.87% of the company’s shares while institutions hold 34.32%. The data shows that short shares as of August 30, 2020, stood at 1.23 Million at a short ratio of 0.58. This represents a 0.84% Short interest in Shares outstanding on August 30, 2020. Shares short dropped in August from the previous month at 779.24 Million. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock +19.14% up in year-to-date price movement.