LexinFintech Holdings Ltd ADR (NASDAQ:LX) price on Wednesday, February 05, fall -0.87% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $7.95.
A look at the stock’s price movement, the close in the last trading session was $8.02, moving within a range at $7.69 and $7.97. The beta value (5-Year monthly) was 0.557 while the PE ratio in trailing twelve months stood at 12.79. Turning to its 52-week performance, $8.50 and $1.56 were the 52-week high and 52-week low respectively. Overall, LX moved 30.33% over the past month.
LexinFintech Holdings Ltd ADR’s market cap currently stands at around $1.02 billion, with investors looking forward to this quarter’s earnings report slated for in March. The company has a Forward Dividend ratio of 0.14, with its dividend yield at 1.74%. As such, investors might be keen on an upside in the stock’s price ahead of the scheduled earnings report.
Wall Street analysts have also projected the company’s year-on-year revenue to grow to 13.99B, representing a 7.17% 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 100% 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.
LX’s current price about 14.12% and 30.87% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 67.24, while 7-day volatility ratio is 7.03% and 6.26% in the 30-day chart. Further, LexinFintech Holdings Ltd ADR (LX) has a beta value of 0.64, and an average true range (ATR) of 0.45.
If we refocus on LexinFintech Holdings Ltd ADR (NASDAQ:LX), historical trading data shows that trading volumes averaged 2.97 over the past 10 days and 3.60 million over the past 3 months. The company’s latest data on shares outstanding shows there are 128.74 million shares.
The 0.05% of LexinFintech Holdings Ltd ADR’s shares are in the hands of company insiders while institutional holders own 26.50% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 1.25 million on 2024-10-31, giving us a short ratio of 0.19. The data shows that as of 2024-10-31 short interest in LexinFintech Holdings Ltd ADR (LX) stood at 144.00001 of shares outstanding, with shares short rising to 0.3 million registered in 2024-09-30. Current price change has pushed the stock 37.07% 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.
