FinVolution Group (NYSE:FINV) shares, rose in value on Wednesday, Apr 07, with the stock price up by 1.04% to the previous day’s close as strong demand from buyers drove the stock to $6.83.
Actively observing the price movement in the last trading, the stock closed the session at $6.76, falling within a range of $6.66 and $7.05. The value of beta (5-year monthly) was 1 whereas the PE ratio was 7.15 over 12-month period. Referring to stock’s 52-week performance, its high was $10.61, and the low was $1.43. On the whole, FINV has fluctuated by 51.11% over the past month.
With the market capitalization of FinVolution Group currently standing at about $2.11 Billion, investors are eagerly awaiting this quarter’s results, scheduled for May 2021. The company’s Forward Dividend Ratio is 0.17, with its dividend yield at 2.49%. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be $0, which is expected to decline to $1.08 for fiscal year 2021 and then to about $1.17 by fiscal year 2022. Data indicates that the EPS growth is expected to be -0.1% in 2021, while the next year’s EPS growth is forecast to be 0.21%.
Analysts have estimated the company’s revenue for the quarter at $311.41 Million, with a low estimate of $311.41 Million and a high estimate of $311.41 Million. According to the average forecast, sales growth in current quarter could jump up +39.5%, compared to the corresponding quarter of last year. Wall Street analysts also predicted that in 2021, the company’s y-o-y revenues would reach $1.16 Billion, representing an increase of 35.7% from the revenues reported in the last year’s results.
We see that FINV’s technical picture suggests that short-term indicators denote the stock is a 50% Buy on average. However, medium term indicators have put the stock in the category of 100% Buy while long term indicators on average have been pointing out that it is a 100% Buy.
4 analyst(s) have assigned their ratings of the stock’s forecast evaluation on a scale of 1.00-5.00 to indicate a strong buy to a strong sell recommendation. The stock is rated as a Hold by 1 analyst(s), 3 recommend it as a Buy and no body called the FINV stock Outperform. In the meantime, none analyst(s) believe the stock as Underperform and none think it is a Sell. Thus, investors eager to increase their holdings of the company’s stock will have an opportunity to do so as the average rating for the stock is Overweight.
A comparison of FinVolution Group (FINV) with its peers suggests the former has fared considerably better in the market. FINV showed an intraday change of +1.04% in last session, and over the past year, it grew by +313.94%. In comparison, American Express Company (AXP) has moved higher at +0.67% on the day and was up +75.43% over the past 12 months. On the other hand, the price of Moody’s Corp (MCO) has fallen -0.51% on the day. The stock, however, is off 34.36% from where it was a year ago. Additionally, there is a gain of 104% for Royalty Pharma Plc Cl A (RPRX) in last trading while the stock has seen an overall apprecation of 313.94% over the past year. The PE ratio stands at 7.15 for FinVolution Group, compared to 39.07 for American Express Company, and 32.78 for Moody’s Corp. Other than that, the overall performance of the S&P 500 during the last trading session shows that it gained 0.15%. Meanwhile, the Dow Jones Industrial improved by 0.05%.
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Data on historical trading for FinVolution Group (NYSE:FINV) indicates that the trading volumes over the past 10 days have averaged 2.16 Million and over the past 3 months, they’ve averaged 4.13 Million. According to company’s latest data on outstanding shares, there are 281.34 Million shares outstanding.
Nearly 20.91% of FinVolution Group’s shares belong to company insiders and institutional investors own 28.71% of the company’s shares, according to Thomson Reuters’ data. The data on short interest also indicates that stock shorts accounted for 1.2 Million shares as on March 14, 2021, resulting in a short ratio of 0.14. According to the data, the short interest in FinVolution Group (FINV) stood at 0.43% of shares outstanding as of March 14, 2021; the number of short shares registered in February reached 674.95 Million. The stock has risen by +155.81% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the FINV stock heading into the next quarter.