360 DigiTech Inc. (QFIN) is destined for greater heights as its last quarter sales were 582,570 K

On January 24, 2023, 360 DigiTech Inc. (NASDAQ: QFIN) opened at $22.00, higher 0.04% from the last session. During the day, the shares moved up to $22.42 and dropped to $21.93 before settling in for the closing price of $22.37. Price fluctuations for QFIN have ranged from $9.47 to $24.48 over the past 52 weeks.

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A new megatrend in the fintech market is well underway. Mobile payments are projected to boom into a massive $12 trillion market by 2028. According to Motley Fool this growth stock could "deliver huge returns." Not only in the immediate future but also over the next decade. Especially since the man behind this company is a serial entrepreneur who has been wildly successful over the years.

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Company’s average yearly earnings per share was noted 57.80% at the time writing. With a float of $133.05 million, this company’s outstanding shares have now reached $156.24 million.

The extent of productivity of a business whose workforce counts for 2129 workers is very important to gauge. 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

A key investor’s attitude towards the stock of the Credit Services industry is another important factor to consider. The insider ownership of 360 DigiTech Inc. is 5.56%, while institutional ownership is 58.70%.

360 DigiTech Inc. (QFIN) Performance Highlights and Predictions

If we go through the results of last quarter, which was made public on 9/29/2022, the company posted $0.97 earnings per share (EPS) for the quarter, besting the agreed prediction (set at $0.95) by $0.02. This company achieved a net margin of +34.76 while generating a return on equity of 46.71. Wall Street market experts anticipate that the next fiscal year will bring earnings of 1.15 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

Check out the current performance indicators for 360 DigiTech Inc. (QFIN). In the past quarter, the stock posted a quick ratio of 1.90. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.37. Likewise, its price to free cash flow for the trailing twelve months is 4.59.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 4.11, a number that is poised to hit 0.51 in the next quarter and is forecasted to reach 4.89 in one year’s time.

Technical Analysis of 360 DigiTech Inc. (QFIN)

The latest stats from [360 DigiTech Inc., QFIN] show that its last 5-days average volume of 1.2 million was inferior to 1.5 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 43.37%. Additionally, its Average True Range was 1.03.

During the past 100 days, 360 DigiTech Inc.’s (QFIN) raw stochastic average was set at 86.01%, which indicates a significant increase from 33.12% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 58.43% in the past 14 days, which was lower than the 86.66% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $18.46, while its 200-day Moving Average is $15.32. Now, the first resistance to watch is $22.56. This is followed by the second major resistance level at $22.73. The third major resistance level sits at $23.05. If the price goes on to break the first support level at $22.07, it is likely to go to the next support level at $21.75. Assuming the price breaks the second support level, the third support level stands at $21.58.

360 DigiTech Inc. (NASDAQ: QFIN) Key Stats

There are currently 155,243K shares outstanding in the company with a market cap of 3.45 billion. Presently, the company’s annual sales total 2,611 M according to its annual income of 907,280 K. Last quarter, the company’s sales amounted to 582,570 K and its income totaled 139,570 K.


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