Lufax Holding Ltd (NYSE:LU) shares, rose in value on Wednesday, 05/24/23, with the stock price down by -6.62% to the previous day’s close as strong demand from buyers drove the stock to $1.41.
Actively observing the price movement in the last trading, the stock closed the session at $1.51, falling within a range of $1.37 and $1.4897. The PE ratio was 2.76 over 12-month period. Referring to stock’s 52-week performance, its high was $7.05, and the low was $1.26. On the whole, LU has fluctuated by -18.50% over the past month.
25-cent Stock Takes $11T Commodities Sector Digital
One brilliantly-run technology firm has successfully partnered with some of the largest players in the industry to bring a first-of-its-kind digital solution to the global commodities supply chain sector. Best of all, this upstart technology firm is currently trading undiscovered — below 25-cents per share — so very, very few investors know about it yet! For investors… it's an early-stage opportunity in a company that's bringing the US$11T global commodities sector straight into the 21st century.
All the details are in the FREE online report you can get here.
With the market capitalization of Lufax Holding Ltd currently standing at about $3.35 billion, investors are eagerly awaiting this quarter’s results, scheduled for Aug 02, 2023 – Aug 07, 2023. The company’s Forward Dividend Ratio is 0.10, with its dividend yield at 7.09%. 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 $0.05, which is expected to increase to $0.1 for fiscal year $0.33 and then to about $0.52 by fiscal year 2024. Data indicates that the EPS growth is expected to be -40.00% in 2024, while the next year’s EPS growth is forecast to be 57.60%.
Analysts have estimated the company’s revenue for the quarter at $1.68 billion, with a low estimate of $1.47 billion and a high estimate of $1.9 billion. According to the average forecast, sales growth in current quarter could jump down -26.20%, compared to the corresponding quarter of last year. Wall Street analysts also predicted that in 2024, the company’s y-o-y revenues would reach $6.64 billion, representing a decrease of -21.20% 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 100% Sell while long term indicators on average have been pointing out that it is a 100% Sell.
19 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 8 analyst(s), 7 recommend it as a Buy and 1 called the LU stock Overweight. In the meantime, 0 analyst(s) believe the stock as Underweight and 3 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 Hold.
The stock’s technical analysis shows that the PEG ratio is about 27.59, with the price of LU currently trading nearly -14.39% and -22.98% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 35.31, while the 7-day volatility ratio is showing 7.63% which for the 30-day chart, stands at 6.62%. Furthermore, Lufax Holding Ltd (LU)’s average true range (ATR) is 0.12.
Data on historical trading for Lufax Holding Ltd (NYSE:LU) indicates that the trading volumes over the past 10 days have averaged 10.55 million and over the past 3 months, they’ve averaged 10.40 million. According to company’s latest data on outstanding shares, there are 2.29 billion shares outstanding.
Nearly 4.24% of Lufax Holding Ltd’s shares belong to company insiders and institutional investors own 16.60% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 19.76 million shares as on Apr 27, 2023, resulting in a short ratio of 2.13. According to the data, the short interest in Lufax Holding Ltd (LU) stood at 0.86% of shares outstanding as of Apr 27, 2023; the number of short shares registered in Mar 30, 2023 reached 20.73 million. The stock has fallen by -27.32% 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.