360 DigiTech, Inc. (NASDAQ:QFIN) traded at $25.61 at close of the session on Monday, May 03, made a downturn move of -3.29% on its previous day’s price.
Looking at the stock we see that its previous close was $26.48 and the beta (5Y monthly) reads 0 with the day’s price range being $24.52 – 26.07. The company has a trailing 12-month PE ratio of 7.29. In terms of its 52-week price range, QFIN has a high of $35.15 and a low of $8.07. The company’s stock has gained about -1.54% over that past 30 days.
360 DigiTech, Inc. has a market cap of $4.03 Billion and is expected to release its quarterly earnings report on March 15, 2021. 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 $0.79, with the EPS growth for the year raised at $4.73 for 2021 and $6.11 for next year. These figures represent 0.23% and 0.29% 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 50% Buy, 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 7 analysts, where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, none have rated the 360 DigiTech, Inc. (QFIN) stock as a Hold, while 7 rate it as a Buy. None analyst(s) rate it as outperform while none of them rated it as underperform, whereas none suggest 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 DigiTech, Inc. (QFIN) stock to its peers. We find that current price change of -3.29% and +184.56% over the past 12 months for QFIN competes that of Thomson Reuters Corp (TRI), which has seen its stock price fall -0.47% in the last trading session and was +31.48% over the last one year. Another of its peers Spotify Technology S.A. (SPOT) has dropped -3.83% previous session, and was +66.34% up over the past year, while Iqvia Holdings Inc (IQV) was also down -3.29% in the last session, while its price remained in the green at 184.56% over the same period. 360 DigiTech, Inc. has a P/E ratio of 7.29 compared to Thomson Reuters Corp’s 40.29 and Spotify Technology S.A.’s 0. In contrast to these companies, both the S&P 500 Index and the Dow Jones Industrial were at -0.72% and -0.54%, respectively, at close of the trading.
Coming back to 360 DigiTech, Inc. (NASDAQ:QFIN), we note that the average 3-month trading volume was 3.4 Million, while that of the preceding 10-day period stands at 2.84 Million. Current shares outstanding are 152.4 Million.
According to data from Thomson Reuters, insiders hold 9.51% of the company’s shares while institutions hold 46.82%. The data shows that short shares as of April 14, 2021, stood at 2.06 Million at a short ratio of 0.62. This represents a 1.35% short interest in shares outstanding on April 14, 2021. Shares short rose in April from the previous month at 1.29 Million. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock +117.22% up in year-to-date price movement.