On Friday, Qifu Technology Inc. ADR (NASDAQ: QFIN) opened higher 0.61% from the last session, before settling in for the closing price of $37.88. Price fluctuations for QFIN have ranged from $13.71 to $37.96 over the past 52 weeks.
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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. Company’s average yearly earnings per share was noted 55.03% at the time writing. With a float of $144.49 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 65.46%, operating margin of 37.3%, and the pretax margin is 48.74%.
Qifu Technology Inc. ADR (QFIN) Insider and Institutional Ownership
A key investor’s attitude towards the stock of the Credit Services industry is another important factor to consider. The insider ownership of Qifu Technology Inc. ADR is 8.18%, while institutional ownership is 59.22%. 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) Latest Financial update
If we go through the results of last quarter, which was made public on 9/30/2024, the company posted 6.88 earnings per share (EPS) for the quarter, coming under the agreed prediction (set at 7.04) by -0.16. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 55.03% per share during the next fiscal year.
Qifu Technology Inc. ADR (NASDAQ: QFIN) Trading Performance Indicators
Check out the current performance indicators for Qifu Technology Inc. ADR (QFIN). In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.52.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 4.90, a number that is poised to hit 1.28 in the next quarter and is forecasted to reach 6.23 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 1.79 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 96.93%. Additionally, its Average True Range was 1.58.
During the past 100 days, Qifu Technology Inc. ADR’s (QFIN) raw stochastic average was set at 97.18%, which indicates a significant increase from 93.92% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 63.37% in the past 14 days, which was higher than the 48.35% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $32.31, while its 200-day Moving Average is $23.09. However, in the short run, Qifu Technology Inc. ADR’s stock first resistance to watch stands at $38.86. Second resistance stands at $39.61. The third major resistance level sits at $40.53. If the price goes on to break the first support level at $37.19, it is likely to go to the next support level at $36.27. The third support level lies at $35.52 if the price breaches the second support level.
Qifu Technology Inc. ADR (NASDAQ: QFIN) Key Stats
There are currently 161,396K shares outstanding in the company with a market cap of 6.00 billion. Presently, the company’s annual sales total 2,294 M according to its annual income of 603,580 K. Last quarter, the company’s sales amounted to 622,740 K and its income totaled 256,910 K.
