Qifu Technology Inc. ADR (NASDAQ: QFIN) on Friday, soared 4.06% from the previous trading day, before settling in for the closing price of $33.46. Within the past 52 weeks, QFIN’s price has moved between $13.71 and $34.92.
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A company in the Financial sector has jumped its sales by 33.20% annually for the last half of the decade. The company achieved an average annual earnings per share of 37.78%. With a float of $142.38 million, this company’s outstanding shares have now reached $157.61 million.
In an organization with 3121 employees, it is important to assess its efficiency. In terms of profitability, gross margin is 53.35%, operating margin of 50.88%, and the pretax margin is 45.58%.
Qifu Technology Inc. ADR (QFIN) Insider Updates
Observing investor behavior towards Credit Services industry stocks is more important than anything else. The insider ownership of Qifu Technology Inc. ADR is 9.52%, while institutional ownership is 58.43%. The most recent insider transaction that took place on Sep 05 ’24, was worth 21,192,000. Before that another transaction happened on Sep 06 ’24, when Company’s Officer proposed sale 196,853 for $25.90, making the entire transaction worth $5,098,493.
Qifu Technology Inc. ADR (QFIN) Performance Highlights and Predictions
As on 6/30/2024, Multinational firm has announced its last quarter scores, in which it reported 1 earnings per share (EPS) for the period topping the consensus outlook (set at 0.9) by 0.1. Wall Street market experts anticipate that the next fiscal year will bring earnings of 1.09 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 37.78% per share during the next fiscal year.
Qifu Technology Inc. ADR (NASDAQ: QFIN) Trading Performance Indicators
Qifu Technology Inc. ADR (QFIN) is currently performing well based on its current performance indicators. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.32.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 4.16, a number that is poised to hit 1.06 in the next quarter and is forecasted to reach 5.62 in one year’s time.
Technical Analysis of Qifu Technology Inc. ADR (QFIN)
Let’s dig in a bit further. During the last 5-days, its volume was 1.83 million. That was better than the volume of 1.31 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 77.74%. Additionally, its Average True Range was 1.42.
During the past 100 days, Qifu Technology Inc. ADR’s (QFIN) raw stochastic average was set at 98.82%, which indicates a significant increase from 96.01% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 45.73% in the past 14 days, which was higher than the 41.81% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $28.39, while its 200-day Moving Average is $20.83. However, in the short run, Qifu Technology Inc. ADR’s stock first resistance to watch stands at $35.46. Second resistance stands at $36.10. The third major resistance level sits at $37.18. If the price goes on to break the first support level at $33.74, it is likely to go to the next support level at $32.66. Assuming the price breaks the second support level, the third support level stands at $32.02.
Qifu Technology Inc. ADR (NASDAQ: QFIN) Key Stats
Market capitalization of the company is 5.48 billion based on 161,396K outstanding shares. Right now, sales total 2,294 M and income totals 603,580 K. The company made 572,440 K in profit during its latest quarter, and 189,970 K in sales during its previous quarter.
