What Analysts Were Expecting After LexinFintech Holdings Ltd ADR (NASDAQ: LX) rose 3.98%

LexinFintech Holdings Ltd ADR (NASDAQ:LX) shares, rose in value on Wednesday, February 12, with the stock price up by 3.98% to the previous day’s close as strong demand from buyers drove the stock to $8.09.

Actively observing the price movement in the last trading, the stock closed the session at $7.78, falling within a range of $7.9 and $8.17. The value of beta (5-year monthly) was 0.557 whereas the PE ratio was 13.02 over 12-month period. Referring to stock’s 52-week performance, its high was $8.50, and the low was $1.56. On the whole, LX has fluctuated by 37.12% over the past month.

With the market capitalization of LexinFintech Holdings Ltd ADR currently standing at about $1.04 billion, investors are eagerly awaiting this quarter’s results, scheduled for in March. The company’s Forward Dividend Ratio is 0.14, with its dividend yield at 1.71%.

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 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 0.22, with the price of LX currently trading nearly 7.57% and 24.49% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 63.91, while the 7-day volatility ratio is showing 5.28% which for the 30-day chart, stands at 6.27%. Furthermore, LexinFintech Holdings Ltd ADR (LX)’s beta value is 0.64, and its average true range (ATR) is 0.46.

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 3.98% in last session, and over the past year, it grew by 359.66%%.

Data on historical trading for LexinFintech Holdings Ltd ADR (NASDAQ:LX) indicates that the trading volumes over the past 10 days have averaged 2.87 and over the past 3 months, they’ve averaged 3.48 million. According to company’s latest data on outstanding shares, there are 128.74 million shares outstanding.

Nearly 0.07% of LexinFintech Holdings Ltd ADR’s shares belong to company insiders and institutional investors own 28.06% 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 39.48% 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.

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