LexinFintech Holdings Ltd ADR (NASDAQ:LX) shares, rose in value on Friday, November 22, with the stock price up by 1.82% to the previous day’s close as strong demand from buyers drove the stock to $3.36.
Actively observing the price movement in the recent trading, the stock is buoying the session at $3.30, falling within a range of $3.18 and $3.4. The value of beta (5-year monthly) is 0.557 whereas the PE ratio is 5.15 over 12-month period. Referring to stock’s 52-week performance, its high was $4.70, and the low was $1.56. On the whole, LX has fluctuated by 6.67% over the past month.
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With the market capitalization of LexinFintech Holdings Ltd ADR currently standing at about $466.23 million, investors are eagerly awaiting this quarter’s results, scheduled for in December. The company’s Forward Dividend Ratio is 0.14, with its dividend yield at 4.11%.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that LX’s technical picture suggests that short-term indicators denote the stock is a 75% Buy on average. However, medium-term indicators have put the stock in the category of 100% Buy while long-term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the PEG ratio is about 2.18, with the price of LX currently trading nearly -0.01% and 12.36% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 54.10, while the 7-day volatility ratio is showing 4.59% which for the 30-day chart, stands at 7.04%. Furthermore, LexinFintech Holdings Ltd ADR (LX)’s beta value is 0.56, and its average true range (ATR) is 0.26.
A comparison of LexinFintech Holdings Ltd ADR (LX) with its peers suggests the former has fared considerably weaker in the market. LX showed an intraday change of 1.82% in today’s session so far, and over the past year, it grew by 64.71%%.
Data on historical trading for LexinFintech Holdings Ltd ADR (NASDAQ:LX) indicates that the trading volumes over the past 10 days have averaged 2.26 and over the past 3 months, they’ve averaged 3.67 million. According to company’s latest data on outstanding shares, there are 138.76 million shares outstanding.
Nearly 0.05% of LexinFintech Holdings Ltd ADR’s shares belong to company insiders and institutional investors own 24.25% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 1.25 million shares as on 2024-10-31, resulting in a short ratio of 0.19. According to the data, the short interest in LexinFintech Holdings Ltd ADR (LX) stood at 144.00 of shares outstanding as of 2024-10-31; the number of short shares registered in 2024-09-30 reached 0.3 million. The stock has risen by 82.61% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the LX stock heading into the next quarter.
