Lufax Holding Ltd ADR (NYSE:LU) price on Friday, October 25, fall -1.77% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $2.77.
A look at the stock’s price movement, the close in the last trading session was $2.82, moving within a range at $2.73 and $2.94. The beta value (5-Year monthly) was 0.775. Turning to its 52-week performance, $4.15 and $0.94 were the 52-week high and 52-week low respectively. Overall, LU moved -2.46% over the past month.
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Lufax Holding Ltd ADR’s market cap currently stands at around $2.32 billion, with investors looking forward to this quarter’s earnings report slated for on 2024-Oct-21.
Analysts have a consensus estimate of 780.43M for the company’s revenue for the quarter, with a low and high estimate of 780.43M and 780.43M respectively. The average forecast suggests down to a -19.20% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 3.44B, representing a -28.70% decline on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that LU is a 50% Buy. On the other hand, the stock is on average a 50% Sell as suggested by medium term indicators while long term indicators are putting the stock in 50% Sell category.
10 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 2 analyst(s) rate the stock as a Hold, 7 recommend LU as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 1 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
LU’s current price about -17.80% and -0.44% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 41.41, while 7-day volatility ratio is 8.20% and 7.30% in the 30-day chart. Further, Lufax Holding Ltd ADR (LU) has a beta value of 0.91, and an average true range (ATR) of 0.24. Analysts have given the company’s stock an average 52-week price target of $3.1550000000000002, forecast between a low of $2.4 and high of $5.2. Looking at the price targets, the low is 13.36% off current price level while to achieve the yearly target high, price needs to move -87.73%. Nonetheless, investors will most likely welcome a -13.9% jump to $3.1550000000000002 which is the analysts’ median price.
If we refocus on Lufax Holding Ltd ADR (NYSE:LU), historical trading data shows that trading volumes averaged 2.75 over the past 10 days and 3.03 million over the past 3 months. The company’s latest data on shares outstanding shows there are 838.06 million shares.
The 0.04% of Lufax Holding Ltd ADR’s shares are in the hands of company insiders while institutional holders own 10.36% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 6.96 million on 2024-09-30, giving us a short ratio of 2.27. Current price change has pushed the stock 101.63% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the LU stock continues to rise going into the next quarter.
