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Is Lufax Holding Ltd (NYSE: LU) A Good Investment For New Investors Now?

Lufax Holding Ltd (NYSE:LU) shares, rose in value on Friday, August 05, with the stock price down by -3.77% to the previous day’s close as strong demand from buyers drove the stock to $4.34.

Actively observing the price movement in the recent trading, the stock is buoying the session at $4.51, falling within a range of $4.46 and $4.84. The PE ratio was 4.51 over 12-month period. Referring to stock’s 52-week performance, its high was $9.11, and the low was $4.09. On the whole, LU has fluctuated by -21.57% over the past month.

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With the market capitalization of Lufax Holding Ltd currently standing at about $10.86 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 7.54%. 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 $0.23, which is expected to increase to $0.29 for fiscal year $1.02 and then to about $1.15 by fiscal year 2023. Data indicates that the EPS growth is expected to be -2.90% in 2023, while the next year’s EPS growth is forecast to be 12.70%.

Analysts have estimated the company’s revenue for the quarter at $2.36 billion, with a low estimate of $2.29 billion and a high estimate of $2.49 billion. Wall Street analysts also predicted that in 2023, the company’s y-o-y revenues would reach $9.79 billion, representing an increase of 0.90% 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% Sell on average. However, medium term indicators have put the stock in the category of 50% Sell while long term indicators on average have been pointing out that it is a 100% Sell.

The stock’s technical analysis shows that the PEG ratio is about 0.43, with the price of LU currently trading nearly -11.17% and -23.19% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 26.60, while the 7-day volatility ratio is showing 6.18% which for the 30-day chart, stands at 5.06%. Furthermore, Lufax Holding Ltd (LU)’s average true range (ATR) is 0.28. The company’s stock has been forecasted to trade at an average price of $52.64 over the course of the next 52 weeks, with a low of $35.13 and a high of $73.81. Based on these price targets, the low is -709.45% off current price, whereas the price has to move -1600.69% to reach the yearly target high. Additionally, analysts’ median price of $50.54 is likely to be welcomed by investors because it represents a decrease of -1064.52% from the current levels.

Data on historical trading for Lufax Holding Ltd (NYSE:LU) indicates that the trading volumes over the past 10 days have averaged 6.93 million and over the past 3 months, they’ve averaged 8.76 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 15.80% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 26.09 million shares as on Jul 14, 2022, resulting in a short ratio of 2.58. According to the data, the short interest in Lufax Holding Ltd (LU) stood at 1.14% of shares outstanding as of Jul 14, 2022; the number of short shares registered in Jun 14, 2022 reached 20.12 million. The stock has fallen by -19.89% 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.

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