LexinFintech Holdings Ltd ADR (NASDAQ:LX) price on Friday, October 25, fall -0.95% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $3.12.
A look at the stock’s price movement, the close in the last trading session was $3.15, moving within a range at $3.085 and $3.27. The beta value (5-Year monthly) was 0.589 while the PE ratio in trailing twelve months stood at 4.78. Turning to its 52-week performance, $4.70 and $1.56 were the 52-week high and 52-week low respectively. Overall, LX moved 52.20% over the past month.
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LexinFintech Holdings Ltd ADR’s market cap currently stands at around $432.93 million, with investors looking forward to this quarter’s earnings report slated for in November. The company has a Forward Dividend ratio of 0.14, with its dividend yield at 4.42%. As such, investors might be keen on an upside in the stock’s price ahead of the scheduled earnings report.
Analysts have a consensus estimate of 1.94B for the company’s revenue for the quarter, with a low and high estimate of 1.94B and 1.94B respectively. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 1.91B, representing a 4.10% jump 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 LX is a 50% Buy. On the other hand, the stock is on average a 100% Buy as suggested by medium term indicators while long term indicators are putting the stock in 100% Buy category.
5 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 1 analyst(s) rate the stock as a Hold, 3 recommend LX as a Buy and 0 give it an Overweight rating. Meanwhile, 1 analyst(s) rate the stock as Underweight and 0 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.
The technical evaluation for the stock shows the PEG ratio is 2.03, with LX’s current price about -2.89% and 33.32% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 56.09, while 7-day volatility ratio is 8.97% and 15.16% in the 30-day chart. Further, LexinFintech Holdings Ltd ADR (LX) has a beta value of 0.58, and an average true range (ATR) of 0.35.
If we refocus on LexinFintech Holdings Ltd ADR (NASDAQ:LX), historical trading data shows that trading volumes averaged 4.33 over the past 10 days and 2.91 million over the past 3 months. The company’s latest data on shares outstanding shows there are 138.76 million shares.
The 0.05% of LexinFintech Holdings Ltd ADR’s shares are in the hands of company insiders while institutional holders own 20.82% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 0.3 million on 2024-09-30, giving us a short ratio of 0.16. The data shows that as of 2024-09-30 short interest in LexinFintech Holdings Ltd ADR (LX) stood at 34.999998999999995 of shares outstanding, with shares short falling to 0.32 million registered in 2024-08-30. Current price change has pushed the stock 69.57% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the LX stock continues to rise going into the next quarter.
