360 DigiTech Inc. (NASDAQ:QFIN) price is hovering higher on Monday, September 13, jumping 1.55% above its previous close.
A look at today’s price movement shows that the recent level at last check reads $21.96, with intraday deals fluctuating between $21.8001 and $24.20. The company’s 5Y monthly beta was ticking 0.54 while its P/E ratio in the trailing 12-month period read 4.19. Taking into account the 52-week price action we note that the stock hit a 52-week high of $45.00 and 52-week low of $9.67. The stock added 13.37% on its value in the past month.
360 DigiTech Inc., which has a market valuation of $3.45 billion, is expected to release its quarterly earnings report Nov 17, 2021 – Nov 22, 2021. Analysts tracking QFIN have forecast the quarterly EPS to grow by 1.32 per share this quarter, while the same analysts predict the annual EPS to hit $5.52 for the year 2021 and up to $5.36 for 2022. In this case, analysts estimate an annual EPS growth of 43.40% for the year and -2.90% for the next year.
Staying with the analyst view, there is a consensus estimate of $2.42 billion for the company’s annual revenue in 2021. Per this projection, the revenue is forecast to grow 14.90% above that which the company brought in 2021.
Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with 1 upward and no downward reviews. On the technical perspective front, indicators give QFIN a short term outlook of 50% Sell on average. Looking at the stock’s medium term indicators we note that it is averaging as a 100% Sell, while an average of long term indicators are currently assigning the stock as 50% Sell.
Here is a look at the average analyst rating for the stock as represented on a scale of 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock is strong buy or strong sell respectively. Specifically, 9 analysts have assigned QFIN a recommendation rating as follows: 0 rate it as a Hold; 9 advise Buy while 0 analyst(s) assign an Overweight rating. 0 analyst(s) have tagged the 360 DigiTech Inc. (QFIN) stock as Underweight, with 0 recommending Sell. In general, analysts have rated the stock Buy, a scenario likely to bolster investors out for an opportunity to add to their holdings of the company’s shares.
The overview shows that QFIN’s price is at present 2.29% off the SMA20 and -7.01% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 46.73, with weekly volatility standing at 7.84%. The indicator jumps to 8.02% when calculated based on the past 30 days. 360 DigiTech Inc. (NASDAQ:QFIN)’s beta value is holding at 0, while the average true range (ATR) indicator is currently reading 1.76. Considering analysts have assigned the stock a price target range of $162.44-$348.96 as the low and high respectively, we find the trailing 12-month average consensus price target to be $226.45. Based on this estimate, we see that today’s price at last check is roughly -628.43% off the estimated low and -1464.84% off the forecast high. Investors will no doubt be excited to see the share price fall to $195.07, which is the median consensus price, and at that level QFIN would be -774.75% from recent price.
An analysis of the 360 DigiTech Inc. (NASDAQ:QFIN) stock in terms of its daily trading volume indicates that the 3-month average is 4.00 million.
Current records show that the company has 153.44M in outstanding shares. The insiders’ percentage holdings are 9.51% of outstanding shares while the percentage share held by institutions stands at 59.30%. But the 86.26% upside, the stock’s price has registered year-to-date as of today’s value, will likely reignite investor interest given the prospect of it rallying even higher.