Lufax Holding Ltd (NYSE:LU) shares, rose in value on Wednesday, 06/22/22, with the stock price down by -5.28% to the previous day’s close as strong demand from buyers drove the stock to $6.46.
Actively observing the price movement in the last trading, the stock closed the session at $6.82, falling within a range of $5.97 and $6.47. The PE ratio was 6.42 over 12-month period. Referring to stock’s 52-week performance, its high was $12.43, and the low was $4.09. On the whole, LU has fluctuated by 7.85% over the past month.
With the market capitalization of Lufax Holding Ltd currently standing at about $14.05 billion, investors are eagerly awaiting this quarter’s results, scheduled for Jan 31, 2022 – Feb 04, 2022. The company’s Forward Dividend Ratio is 0.34, with its dividend yield at 5.26%. 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 100% Buy on average. However, medium term indicators have put the stock in the category of 50% Buy while long term indicators on average have been pointing out that it is a 50% Buy.
15 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 2 analyst(s), 12 recommend it as a Buy and 1 called the LU 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 0.62, with the price of LU currently trading nearly 4.63% and 12.47% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 57.62, while the 7-day volatility ratio is showing 6.68% which for the 30-day chart, stands at 6.25%. Furthermore, Lufax Holding Ltd (LU)’s average true range (ATR) is 0.43.
Data on historical trading for Lufax Holding Ltd (NYSE:LU) indicates that the trading volumes over the past 3 months, they’ve averaged 8.60 million. According to company’s latest data on outstanding shares, there are 2.29 billion shares outstanding.
Nearly 0.57% of Lufax Holding Ltd’s shares belong to company insiders and institutional investors own 15.70% of the company’s shares. The stock has risen by 14.74% 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.