Here’s Why Lufax Holding Ltd (NYSE:LU) is an Attractive Investment Right Now

The trading price of Lufax Holding Ltd (NYSE:LU) closed lower on Tuesday, Apr 06, closing at $14.72, -0.61% lower than its previous close.

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Traders who pay close attention to intraday price movement should know that it fluctuated between $14.15 and $14.73. The company’s P/E ratio in the trailing 12-month period was 0, 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 $20.17 and a 52-week low of $11.56. Over the past month, the stock has suffered -3.81% in value.

Lufax Holding Ltd, whose market valuation is $35.9 Billion at the time of this writing. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by $0.27 per share this quarter, however they have predicted annual earnings per share of $1.09 for 2021 and $1.25 for 2022. It means analysts are expecting annual earnings per share growth of 0.15% this year and 0.15% next year.

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 LU a recommendation rating is 17. Out of them, 5 rate it a Hold, while 10 recommend Buy, whereas none assign an Outperform rating. 1 analyst(s) have tagged Lufax Holding Ltd (LU) as Underperform, while 1 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 Lufax Holding Ltd stock has been performing in comparison to its peers in the industry, here are the numbers: LU stock’s performance was -0.61% in the latest trading, and 0% in the past year, while American Express Company (AXP) has traded +0.06% on the day and positioned +98.57% higher than it was a year ago. Another comparable company Moody’s Corp (MCO) saw its stock close -0.45% lower in the most recent trading session but was up +48.24% in a year. Furthermore, Royalty Pharma Plc Cl A (RPRX) showed a decline of -0.61% on the day while its price kept declining at 0% over the past year. Lufax Holding Ltd has a P/E ratio of 0, compared to American Express Company’s 38.81 and Moody’s Corp’s 32.95. Also in last trading session, the S&P 500 Index has soared -0.1%, while the Dow Jones Industrial also saw a negative seesion, down -0.29% on the day.

An evaluation of the daily trading volume of Lufax Holding Ltd (NYSE:LU) indicates that the 3-month average is 3.96 Million. However, this figure has declined over the past 10 days to an average of 2.2 Million.

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Currently, records show that 2.46 Billion of the company’s shares remain outstanding. According to Thomson Reuters data, insiders hold 0% of outstanding shares, whereas institutions hold 7.08%. The stats also highlight that short interest as of March 14, 2021, stood at 23.76 Million shares, resulting in a short ratio of 6.54 at that time. From this, we can conclude that short interest is 0.96% of the company’s total outstanding shares. It is noteworthy that short shares in March were down slightly from the previous month’s figure, which was 25.5 Million. However, since the stock’s price has seen +3.03% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.


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