Qifu Technology Inc. ADR (NASDAQ:QFIN) shares, rose in value on Friday, January 03, with the stock price down by -0.05% to the previous day’s close as strong demand from buyers drove the stock to $38.67.
Actively observing the price movement in the last trading, the stock closed the session at $38.69, falling within a range of $38.27 and $39.35. The value of beta (5-year monthly) was 0.659 whereas the PE ratio was 7.90 over 12-month period. Referring to stock’s 52-week performance, its high was $40.31, and the low was $13.71. On the whole, QFIN has fluctuated by 7.51% over the past month.
With the market capitalization of Qifu Technology Inc. ADR currently standing at about $6.09 billion, investors are eagerly awaiting this quarter’s results, scheduled for in February. The company’s Forward Dividend Ratio is 1.18, with its dividend yield at 3.05%.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that QFIN’s technical picture suggests that short-term indicators denote the stock is a 100% 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 0.32, with the price of QFIN currently trading nearly 1.43% and 9.03% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 58.52, while the 7-day volatility ratio is showing 2.39% which for the 30-day chart, stands at 3.12%. Furthermore, Qifu Technology Inc. ADR (QFIN)’s beta value is 0.68, and its average true range (ATR) is 1.30.
A comparison of Qifu Technology Inc. ADR (QFIN) with its peers suggests the former has fared considerably weaker in the market. QFIN showed an intraday change of -0.05% in last session, and over the past year, it grew by 150.13%%.
Data on historical trading for Qifu Technology Inc. ADR (NASDAQ:QFIN) indicates that the trading volumes over the past 10 days have averaged 0.93 and over the past 3 months, they’ve averaged 1.39 million. According to company’s latest data on outstanding shares, there are 157.36 million shares outstanding.
Nearly 8.18% of Qifu Technology Inc. ADR’s shares belong to company insiders and institutional investors own 59.37% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 1.6 million shares as on 2024-10-31, resulting in a short ratio of 0.98. According to the data, the short interest in Qifu Technology Inc. ADR (QFIN) stood at 123.00 of shares outstanding as of 2024-10-31; the number of short shares registered in 2024-09-30 reached 2.0 million. The stock has risen by 0.76% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the QFIN stock heading into the next quarter.
