FinVolution Group (NYSE:FINV) price on Wednesday, August 25, fall -4.29% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $6.02.
A look at the stock’s price movement, the close in the last trading session was $6.29, moving within a range at $5.90 and $6.335. The beta value (5-Year monthly) was 0.95 while the PE ratio in trailing twelve months stood at 5.37. Turning to its 52-week performance, $10.61 and $1.57 were the 52-week high and 52-week low respectively. Overall, FINV moved -11.34% over the past month.
FinVolution Group’s market cap currently stands at around $1.70 billion, with investors looking forward to this quarter’s earnings report slated for Aug 23, 2021 – Aug 27, 2021. The company has a Forward Dividend ratio of 0.17, with its dividend yield at 2.82%. As such, investors might be keen on an upside in the stock’s price ahead of the scheduled earnings report.
Analysts have a consensus estimate of $311.41 million for the company’s revenue for the quarter, with a low and high estimate of $311.41 million and $311.41 million respectively. The average forecast suggests up to a 39.50% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue for 2020 to grow to $1.18 billion, representing a 38.00% jump on that reported in the last financial year.
Revisions could be used as tool to get short term price movement insight, and for the company that in the past seven days was no upward and no downward review(s). Turning to the stock’s technical picture we see that short term indicators suggest on average that FINV is a 50% Sell. On the other hand, the stock is on average a 50% Buy as suggested by medium term indicators while long term indicators are putting the stock in Hold category.
5 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 1 analyst(s) rate the stock as a Hold, 4 recommend FINV as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
The technical evaluation for the stock shows the PEG ratio is 2.18, with FINV’s current price about -3.98% and -21.13% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 38.73, while 7-day volatility ratio is 8.05% and 6.31% in the 30-day chart. Further, FinVolution Group (FINV) has a beta value of 0.96, and an average true range (ATR) of 0.44. Analysts have given the company’s stock an average 52-week price target of $56.02, forecast between a low of $39.40 and high of $68.05. Looking at the price targets, the low is -554.49% off current price level while to achieve the yearly target high, price needs to move -1030.4%. Nonetheless, investors will most likely welcome a -827.24% jump to $55.82 which is the analysts’ median price.
In the market, a comparison of FinVolution Group (FINV) and its peers suggest the former has performed considerably weaker. Data shows FINV’s intraday price has changed -4.29% in last session and 150.83% over the past year. Elsewhere, the overall performance for the S&P 500 and Dow Jones Industrial shows that the indexes are up 0.22% and 0.11% respectively in the last trading.
If we refocus on FinVolution Group (NYSE:FINV), historical trading data shows that trading volumes averaged 2.03 million over the past 10 days and 2.19 million over the past 3 months. The company’s latest data on shares outstanding shows there are 281.06 million shares.
The 22.82% of FinVolution Group’s shares are in the hands of company insiders while institutional holders own 33.20% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 3.13 million on Jun 14, 2021, giving us a short ratio of 1.13. The data shows that as of Jun 14, 2021 short interest in FinVolution Group (FINV) stood at 1.10% of shares outstanding, with shares short rising to 1.95 million registered in May 13, 2021. Current price change has pushed the stock 125.47% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the FINV stock continues to rise going into the next quarter.