The trading price of LexinFintech Holdings Ltd. (NASDAQ:LX) closed lower on Tuesday, Jan 12, closing at $6.68, -1.05% lower than its previous close.

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Traders who pay close attention to intraday price movement should know that it fluctuated between $6.43 and $6.76. The company’s P/E ratio in the trailing 12-month period was 16.95, while its 5Y monthly beta was 0. In examining the 52-week price action we see that the stock hit a 52-week high of $16.93 and a 52-week low of $6.04. Over the past month, the stock has gained 2.32% in value.

LexinFintech Holdings Ltd., whose market valuation is $1.14 Billion at the time of this writing, is expected to release its quarterly earnings report in Feb 2021. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by $0.43 per share this quarter, however they have predicted annual earnings per share of $0.55 for 2021 and $1.95 for 2022. It means analysts are expecting annual earnings per share growth of -0.7% this year and 2.55% next year.

On the technical side, indicators suggest LX has a 100% Sell on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 100% Sell, while an average of long term indicators suggests that the stock is currently 100% Sell.

Here is the average analyst rating on the stock as represented by 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock should be considered as either strong buy or strong sell respectively. The number of analysts that have assigned LX a recommendation rating is 12. Out of them, 2 rate it a Hold, while 8 recommend Buy, whereas 2 assign an Outperform rating. None analyst(s) have tagged LexinFintech Holdings Ltd. (LX) as Underperform, while not any of them advise Sell. Analysts have rated the stock Overweight, likely urging investors to take advantage of the opportunity to add to their holdings of the company’s shares.

To see how LexinFintech Holdings Ltd. stock has been performing in comparison to its peers in the industry, here are the numbers: LX stock’s performance was -1.05% in the latest trading, and -55.25% in the past year, while Capital One Financial Corp (COF) has traded +1.33% on the day and positioned +8.68% higher than it was a year ago. Another comparable company Discover Financial Services (DFS) saw its stock close 0.11% higher in the most recent trading session but was up +15.02% in a year. Furthermore, Ally Financial (ALLY) showed a decline of -1.05% on the day while its price kept declining at -55.25% over the past year. LexinFintech Holdings Ltd. has a P/E ratio of 16.95, compared to Capital One Financial Corp’s 54.16 and Discover Financial Services’s 29.22. Also in last trading session, the S&P 500 Index has surged 0.04%, while the Dow Jones Industrial also saw a positive session, up +0.19% on the day.

An evaluation of the daily trading volume of LexinFintech Holdings Ltd. (NASDAQ:LX) indicates that the 3-month average is 1.59 Million. However, this figure has declined over the past 10 days to an average of 1.53 Million.

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Currently, records show that 180.86 Million of the company’s shares remain outstanding. According to Thomson Reuters data, insiders hold 4.74% of outstanding shares, whereas institutions hold 30.7%. The stats also highlight that short interest as of December 14, 2020, stood at 7.42 Million shares, resulting in a short ratio of 4 at that time. From this, we can conclude that short interest is 4.1% of the company’s total outstanding shares. It is noteworthy that short shares in December were up slightly from the previous month’s figure, which was 4.23 Million. However, since the stock’s price has seen -1.34% year-to-date, investors’ interest is likely to be reignited due to its potential to move higher ahead.

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