The trading price of Lufax Holding Ltd (NYSE:LU) closed higher on Tuesday, July 20, closing at $8.81, 0.92% higher than its previous close.
Traders who pay close attention to intraday price movement should know that it fluctuated between $8.5029 and $8.87. 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 $8.61. Over the past month, the stock has lost -29.63% in value.
Lufax Holding Ltd, whose market valuation is $22.24 billion at the time of this writing, is expected to release its quarterly earnings report Apr 26, 2021. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by $0.24 per share this quarter, however they have predicted annual earnings per share of $1.05 for 2021 and $1.19 for 2022. It means analysts are expecting annual earnings per share growth of 10.50% this year and 13.30% next year.
Analysts have forecast the company to bring in revenue of $2.35 billion for the current quarter, with the likely lows of $2.29 billion and highs of $2.42 billion. From the analysts’ viewpoint, the consensus estimate for the company’s annual revenue in 2021 is $9.52 billion. The company’s revenue is forecast to grow by 19.30% over what it did in 2021.
A company’s earnings reviews provide a brief indication of a stock’s direction in the short term, where in the case of Lufax Holding Ltd No upward and no downward comments were posted in the last 7 days.
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 19. Out of them, 4 rate it a Hold, while 14 recommend Buy, whereas 0 assign an Overweight rating. 1 analyst(s) have tagged Lufax Holding Ltd (LU) as Underweight, while 0 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.
A quick review shows that LU’s price is currently -17.02% off the SMA20 and -23.32% off the SMA50. The RSI metric on the 14-day chart is currently showing 26.90, and weekly volatility stands at 4.21%. When measured over the past 30 days, the indicator reaches 4.38%. Lufax Holding Ltd (NYSE:LU)’s beta value is currently sitting at 0, while the Average True Range indicator is currently displaying 0.49. With analysts defining $67.13-$140.68 as the low and high price targets, we arrive at a consensus price target of $108.92 for the trailing 12-month period. The current price is about -661.98% off the estimated low and -1496.82% off the forecast high, based on this estimate. Investors will be thrilled if LU’s share price rises to $112.15, which is the median consensus price. At that level, LU’s share price would be -1172.99% below current price.
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 0.92% in the latest trading. Lufax Holding Ltd has a P/E ratio of 0. Also in last trading session, the S&P 500 Index has surged 1.52%, while the Dow Jones Industrial also saw a positive session, up 1.62% on the day.
An evaluation of the daily trading volume of Lufax Holding Ltd (NYSE:LU) indicates that the 3-month average is 6.79 million. However, this figure has increased over the past 10 days to an average of 6.29 million.
Currently, records show that 2.44 billion of the company’s shares remain outstanding. The institutions hold 7.60%. The stats also highlight that short interest as of May 27, 2021, stood at 18.15 million shares, resulting in a short ratio of 2.64 at that time. From this, we can conclude that short interest is 0.74% of the company’s total outstanding shares. It is noteworthy that short shares in May were down slightly from the previous month’s figure, which was 21.57 million. However, since the stock’s price has seen -37.96% year-to-date, investors’ interest is likely to be reignited due to its potential to move even lower.