Lufax Holding Ltd (NYSE:LU) shares, rose in value on Friday, May 13, with the stock price up by 8.73% to the previous day’s close as strong demand from buyers drove the stock to $5.55.
Actively observing the price movement in the recent trading, the stock is buoying the session at $5.10, falling within a range of $4.66 and $5.18. The PE ratio was 5.17 over 12-month period. Referring to stock’s 52-week performance, its high was $13.04, and the low was $4.09. On the whole, LU has fluctuated by -9.09% over the past month.
With the market capitalization of Lufax Holding Ltd currently standing at about $11.95 billion, investors are eagerly awaiting this quarter’s results, scheduled for May 13, 2022 – May 16, 2022. The company’s Forward Dividend Ratio is 0.34, with its dividend yield at 6.67%. 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 $0.29, which is expected to increase to $0.31 for fiscal year $1.17 and then to about $1.27 by fiscal year 2023. Data indicates that the EPS growth is expected to be 11.40% in 2023, while the next year’s EPS growth is forecast to be 8.50%.
Analysts have estimated the company’s revenue for the quarter at $2.47 billion, with a low estimate of $2.45 billion and a high estimate of $2.48 billion. According to the average forecast, sales growth in current quarter could jump up 10.50%, compared to the corresponding quarter of last year. Wall Street analysts also predicted that in 2023, the company’s y-o-y revenues would reach $10.34 billion, representing an increase of 6.60% 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 LU’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium term indicators have put the stock in the category of 25% Sell while long term indicators on average have been pointing out that it is a 50% Sell.
The stock’s technical analysis shows that the PEG ratio is about 0.33, with the price of LU currently trading nearly 4.76% and -0.56% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 53.28, while the 7-day volatility ratio is showing 9.08% which for the 30-day chart, stands at 6.75%. Furthermore, Lufax Holding Ltd (LU)’s average true range (ATR) is 0.39.
Data on historical trading for Lufax Holding Ltd (NYSE:LU) indicates that the trading volumes over the past 3 months, they’ve averaged 10.48 million. According to company’s latest data on outstanding shares, there are 2.07 billion shares outstanding.
Lufax Holding Ltd’s shares belong to company insiders and institutional investors own 13.00% of the company’s shares. The stock has fallen by -9.41% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the LU stock heading into the next quarter.