FinVolution Group ADR (FINV) stock poised to deliver a potential return of 7.58%

FinVolution Group ADR [FINV] stock is trading at $5.28, up 0.96%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The FINV shares have gain 3.73% over the last week, with a monthly amount glided 5.60%, and seem to be holding up well over a long-time horizon.

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On 28, March 2024, FinVolution’s Philippine Subsidiary Cooperates with SeaBank Philippines, Propelling Regional Growth. In a post published today on Yahoo Finance, FinVolution Group (“FinVolution,” or the “Company”) (NYSE: FINV), a leading fintech platform, today announced that its Philippines financial application, Juanhand, has entered into a strategic cooperation agreement with SeaBank Philippines Bank (“SeaBank”), an innovative bank dedicated to bettering the lives of individuals and businesses in the region with financial services through technology. Under the terms of the agreement, SeaBank will provide Juanhand with a funding facility of approximately 300 million pesos, broadening Juanhand users’ access to financial services.

From an analyst’s perspective:

Previously, Daiwa Securities started tracking the stock with Buy rating on July 26, 2023, and set its price target to $6.70. On March 15, 2023, downgrade downgraded it’s rating to Neutral and revised its price target to $5.08 on the stock. UBS upgraded its rating to a Buy. Citigroup upgraded its rating to Buy for this stock on June 01, 2022, and upped its price target to $5.33. In a note dated December 20, 2021, UBS downgraded an Neutral rating on this stock but restated the target price of $5.60.

FinVolution Group ADR [FINV] stock has fluctuated between $3.63 and $6.05 over the past year. Currently, Wall Street analysts expect the stock to reach $5.68 within the next 12 months. FinVolution Group ADR [NYSE: FINV] shares were valued at $5.28 at the most recent close of the market. An investor can expect a potential return of 7.58% based on the average FINV price forecast.

Analyzing the FINV fundamentals

FinVolution Group ADR [NYSE:FINV] reported sales of 1.77B for the trailing twelve months, which represents a growth of 4.05%. Gross Profit Margin for this corporation currently stands at 0.83% with Operating Profit Margin at 0.2%, Pretax Profit Margin comes in at 0.23%, and Net Profit Margin reading is 0.19%. To continue investigating profitability, this company’s Return on Assets is posted at 0.11, Equity is 0.18 and Total Capital is 0.14. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.01.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 5.23 points at the first support level, and at 5.18 for the second support level. However, for the 1st resistance point, the stock is sitting at 5.33, and for the 2nd resistance point, it is at 5.37.

Ratios To Look Out For

Considering the valuation of this stock, the price to sales ratio is 0.50, the price to book ratio is 0.48 and price to earnings (TTM) ratio is 4.50.

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