A new trading day began on June 21, 2022, with 360 DigiTech Inc. (NASDAQ: QFIN) stock priced at $16.07, up 8.72% from the previous day of trading. During the day, the shares moved up to $16.93 and dropped to $15.53 before settling in for the closing price of $15.49. QFIN’s price has ranged from $11.15 to $44.62 over the past 52 weeks.
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Meanwhile, its annual earnings per share averaged 57.80%. With a float of $97.03 million, this company’s outstanding shares have now reached $155.30 million.
In an organization with 2129 employees, it is important to assess its efficiency. In terms of profitability, gross margin is +84.04, operating margin of +40.79, and the pretax margin is +42.21.
360 DigiTech Inc. (QFIN) Insider Updates
As we move forward, let’s examine how large-scale investors are investing in this stock of the Credit Services Industry. The insider ownership of 360 DigiTech Inc. is 13.59%, while institutional ownership is 68.50%.
360 DigiTech Inc. (QFIN) Performance Highlights and Predictions
In its latest quarterly report, released on 12/30/2021, the company reported earnings of $1.28 per share, which was $0.1 higher than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). This company achieved a net margin of +34.76 while generating a return on equity of 46.75. Wall Street market experts anticipate that the next fiscal year will bring earnings of 1.08 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 57.80% per share during the next fiscal year.
360 DigiTech Inc. (NASDAQ: QFIN) Trading Performance Indicators
Here are 360 DigiTech Inc.’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 2.00. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.86. Likewise, its price to free cash flow for the trailing twelve months is 2.73.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 5.21, a number that is poised to hit 6.63 in the next quarter and is forecasted to reach 34.66 in one year’s time.
Technical Analysis of 360 DigiTech Inc. (QFIN)
Let’s dig in a bit further. During the last 5-days, its volume was 1.11 million. That was inferior than the volume of 1.48 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 35.71%. Additionally, its Average True Range was 1.11.
During the past 100 days, 360 DigiTech Inc.’s (QFIN) raw stochastic average was set at 51.45%, which indicates a significant decrease from 63.27% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 87.44% in the past 14 days, which was lower than the 105.44% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $14.48, while its 200-day Moving Average is $19.02. However, in the short run, 360 DigiTech Inc.’s stock first resistance to watch stands at $17.34. Second resistance stands at $17.83. The third major resistance level sits at $18.74. If the price goes on to break the first support level at $15.94, it is likely to go to the next support level at $15.03. Assuming the price breaks the second support level, the third support level stands at $14.54.
360 DigiTech Inc. (NASDAQ: QFIN) Key Stats
With a market capitalization of 2.22 billion, the company has a total of 152,227K Shares Outstanding. Currently, annual sales are 2,611 M while annual income is 901,880 K. The company’s previous quarter sales were 681,470 K while its latest quarter income was 186,060 K.