Qifu Technology Inc. ADR (NASDAQ:QFIN) shares, rose in value on Thursday, March 06, with the stock price down by -4.72% to the previous day’s close as strong demand from buyers drove the stock to $41.37.
Actively observing the price movement in the last trading, the stock closed the session at $43.42. The PE ratio was 8.45 over 12-month period. Referring to stock’s 52-week performance, its high was $46.25, and the low was $15.14. On the whole, QFIN has fluctuated by 0.95% over the past month.
With the market capitalization of Qifu Technology Inc. ADR currently standing at about $6.51 billion, investors are eagerly awaiting this quarter’s results, scheduled for in April. The company’s Forward Dividend Ratio is 1.18, with its dividend yield at 2.85%.
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 50% 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 -1.81% and 3.34% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 50.69, while the 7-day volatility ratio is showing 5.18% which for the 30-day chart, stands at 5.03%. Furthermore, Qifu Technology Inc. ADR (QFIN)’s beta value is 0.63, and its average true range (ATR) is 2.19.
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 -4.72% in last session, and over the past year, it grew by 169.69%%.
Data on historical trading for Qifu Technology Inc. ADR (NASDAQ:QFIN) indicates that the trading volumes over the past 3 months, they’ve averaged 1.25 million. According to company’s latest data on outstanding shares, there are 157.36 million shares outstanding.
Nearly 8.57% of Qifu Technology Inc. ADR’s shares belong to company insiders and institutional investors own 58.81% of the company’s shares. The stock has risen by 7.79% 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.
