The trading price of Qifu Technology Inc. ADR (NASDAQ:QFIN) floating higher at last check on Wednesday, June 05, closing at $19.62, 2.45% higher than its previous close.
The company’s P/E ratio in the trailing 12-month period was 5.07. In examining the 52-week price action we see that the stock hit a 52-week high of $21.57 and a 52-week low of $13.68. Over the past month, the stock has gained 0.15% in value.
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Qifu Technology Inc. ADR, whose market valuation is $3.09 billion at the time of this writing. The dividend yield on the company stock is 5.50%, while its Forward Dividend ratio is 1.08. Investors’ optimism about the company’s current quarter earnings report is understandable.
On the technical side, indicators suggest QFIN has a 50% Buy on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 100% Buy, while an average of long term indicators suggests that the stock is currently 100% Buy.
If we dig deeper into the stock’s outlook, we see that the stock’s PEG is 0.52, which symbolizes a positive outlook. A quick review shows that QFIN’s price is currently -3.24% off the SMA20 and 1.04% off the SMA50. The RSI metric on the 14-day chart is currently showing 48.28, and weekly volatility stands at 3.10%. When measured over the past 30 days, the indicator reaches 2.93%. Qifu Technology Inc. ADR (NASDAQ:QFIN)’s beta value is currently sitting at 0.66, while the Average True Range indicator is currently displaying 0.64.
To see how Qifu Technology Inc. ADR stock has been performing today in comparison to its peers in the industry, here are the numbers: QFIN stock’s performance was 2.45% at last check in today’s session, and 36.25% in the past year. Qifu Technology Inc. ADR has a P/E ratio of 5.07.
An evaluation of the daily trading volume of Qifu Technology Inc. ADR (NASDAQ:QFIN) indicates that the 3-month average is 1.28 million.
Currently, records show that 157.61 million of the company’s shares remain outstanding. The insiders hold 9.91% of outstanding shares, whereas institutions hold 56.93%. However, since the stock’s price has seen 24.02% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.
