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Before Buying LexinFintech Holdings Ltd. (NASDAQ: LX) Stock, Read This First

LexinFintech Holdings Ltd. (NASDAQ:LX) shares, rose in value on Friday, May 13, with the stock price up by 2.95% to the previous day’s close as strong demand from buyers drove the stock to $2.27.

Actively observing the price movement in the recent trading, the stock is buoying the session at $2.20, falling within a range of $2.03 and $2.23. The value of beta (5-year monthly) is 0.78 whereas the PE ratio is 1.30 over 12-month period. Referring to stock’s 52-week performance, its high was $13.62, and the low was $1.90. On the whole, LX has fluctuated by -11.29% over the past month.

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With the market capitalization of LexinFintech Holdings Ltd. currently standing at about $427.92 million, investors are eagerly awaiting this quarter’s results, scheduled for May 30, 2022 – Jun 03, 2022. 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 $0.43, which is expected to increase to $0.34 for fiscal year $1.51 and then to about $1.78 by fiscal year 2023. Data indicates that the EPS growth is expected to be -18.40% in 2023, while the next year’s EPS growth is forecast to be 17.90%.

Wall Street analysts also predicted that in 2023, the company’s y-o-y revenues would reach $1.68 billion, representing a decrease of -1.00% from the revenues reported in the last year’s results.

Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that LX’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium term indicators have put the stock in the category of 100% Sell while long term indicators on average have been pointing out that it is a 100% Sell.

8 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), 6 recommend it as a Buy and 1 called the LX stock Overweight. In the meantime, 0 analyst(s) believe the stock as Underweight and 0 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 Buy.

The stock’s technical analysis shows that the PEG ratio is about 0.55, with the price of LX currently trading nearly -9.90% and -15.70% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 38.82, while the 7-day volatility ratio is showing 8.97% which for the 30-day chart, stands at 7.08%. Furthermore, LexinFintech Holdings Ltd. (LX)’s beta value is 0.72, and its average true range (ATR) is 0.19.

A comparison of LexinFintech Holdings Ltd. (LX) with its peers suggests the former has fared considerably weaker in the market. LX showed an intraday change of 2.95% in today’s session so far, and over the past year, it shrunk by -70.98%%. On the other hand, the price of Omnicell Inc. (OMCL) has risen 3.42% today. The stock, however, is off -17.67% from where it was a year ago. Additionally, there is a gain of 6.29% for PDF Solutions Inc. (PDFS) in recent trading while the stock has seen an overall depriciation of 33.86%% over the past year. The PE ratio stands at 1.30 for LexinFintech Holdings Ltd., and 72.39 for Omnicell Inc. Other than that, the overall performance of the S&P 500 during the today’s session so far shows that it gained 2.23%. Meanwhile, the Dow Jones Industrial Improved by 1.49%.

Data on historical trading for LexinFintech Holdings Ltd. (NASDAQ:LX) indicates that the trading volumes over the past 3 months, they’ve averaged 2.20 million. According to company’s latest data on outstanding shares, there are 184.36 million shares outstanding.

Nearly 1.12% of LexinFintech Holdings Ltd.’s shares belong to company insiders and institutional investors own 33.30% of the company’s shares. The stock has fallen by -43.01% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the LX stock heading into the next quarter.

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